Healthcare Leaders Income Fund completes C$34.85 million overnight offering

Date closed: 3/13/2015

Value: C$34.85 million

On March 13, 2015, Harvest Portfolios Group Inc. (the Manager) announced that Healthcare Leaders Income Fund (the Fund) completed the overnight offering of  3,000,000 units of the Fund (the Units). The Fund issued an additional 450,000 Units pursuant to the exercise of the over-allotment option by the syndicate of underwriters. Total gross proceeds raised by the Fund pursuant to its overnight offering, and including the over-allotment, were C$34,845,000.

The Fund's investment objectives are to provide Unitholders with (i) the opportunity for capital appreciation; (ii) monthly cash distributions; and (iii) lower overall volatility of Portfolio returns than would otherwise be experienced by owning Equity Securities of Healthcare Leaders directly.

Harvest Portfolios Group Inc., headquartered in Oakville, Ontario, is a Canadian investment management company.

BLG represented Harvest Portfolios Group Inc. and Healthcare Leaders Plus Income Fund with a team led by Michael DeCosimo that included Colin Cameron-Vendrig (corporate and securities) and Craig Webster (tax).