TORONTO, ONTARIO--(Marketwire - March 23, 2011) - Harvest Portfolios Group Inc. (the "Manager") is pleased to announce that Global Advantaged Telecom & Utilities Income Fund (the "Fund") (TSX:HGI.A) has completed today its initial public offering (the "Offering") of 2,600,000 Units at a price of $12.00 per Unit for aggregate gross proceeds of $31,200,000. The Fund has granted the Agents an over-allotment option (the "Over-Allotment Option) exercisable in whole or in part for a period of 30 days following today's closing of the Offering.