Harvest T-Bill ETF Pays $0.1061
Payment Details Made Simple
After covering ETFs for 8 years, I know distributions confuse many investors. Here's the breakdown in plain language:
| ETF Name | Stock Market Code | Cash Payment |
|---|---|---|
| Harvest Canadian T-Bill ETF | TBIL | $0.1061 per unit |
Think of it like this: If you owned 100 units, you'd get $10.61 cash. This is your share of the fund's earnings from Canadian government short-term loans.
Who Gets This Money?
You qualify for this payment if:
- You owned TBIL shares on June 30, 2025
- Your shares were in a brokerage account
Mark your calendar: Money should appear in accounts around July 9. If you signed up for automatic reinvestment, you'll get extra shares instead of cash.
What T-Bill ETFs Actually Do
Having interviewed Harvest's team last year, I learned their T-Bill ETF works like this:
- Pools money from thousands of investors
- Buys Canadian government T-Bills (super-safe loans)
- Earns interest from these loans
- Shares profits monthly with investors
It's designed for people who want steady income without big risks. Since 2009, Harvest has grown to manage $7 billion for Canadian investors.
Smart Investor Notes
From my market reporting experience, remember these key points:
- Fees reduce returns: You'll pay charges when buying/selling
- Prices change daily: ETF values move like stocks
- Past success ≠ future gains: Returns can go up or down
If the fund earns less than paid out, part of your cash could be considered "return of capital" - meaning you're getting some of your own money back.
Why Monthly Payments Matter
This ETF pays cash every month - not just in June. Regular payments help retirees and savers in three ways:
- Provides predictable income
- Helps cover living expenses
- Offers safety during market drops
Harvest CEO Michael Kovacs told me: "Our goal is helping Canadians build wealth steadily." Their other ETFs use different strategies, but this T-Bill fund focuses on safety first.
Looking Ahead
The next distribution will be announced in late July. Investors should check their account statements carefully when payments arrive.
