Harvest Portfolios Group Inc. announced Wednesday it will be terminating the Harvest Banks & Buildings Income ETF.
The fund will be delisted from the Toronto Stock Exchange (TSX) at the close of business on or about July 31, Harvest said in a release.
July 29 is expected to be the last day unitholders can place redemptions with Harvest. They can also sell their units through the TSX up until the delisting date.
After the fund is delisted, any remaining unitholders will receive the net proceeds from the liquidation of the assets of the ETF, less liabilities and expenses, on a pro-rata basis.