Exchange Bulletin
Voya Global Income Solutions Fund (VGI.UN) To Trade On Toronto Stock Exchange
Voya Global Income Solutions Fund (the "Fund") - An application has been granted for the original listing in the Industrial category of up to a maximum of 12,000,000 Class A Units of the Fund, of which up to 10,000,000 Class A Units will be issued and outstanding and up to 2,000,000 Class A Units will be reserved for issuance upon completion of an initial public offering (the "Offering").
Listing of the Class A Units will become effective at 5:01 p.m. on Friday, December 12, 2014 in anticipation of the Offering closing on Monday, December 15, 2014. The Class A Units will be posted for trading at the opening on December 15, 2014.
Registration of interests in and transfers of the Class A Units will be made only through the book-entry only system maintained by CDS Clearing and Depository Services Inc. ("CDS"). Class A Units must be purchased, transferred and surrendered for redemption through a CDS Participant. Upon the purchase of Class A Units, the owner will receive only a customer confirmation.
Additional information on the Class A Units may be found in the Fund's final prospectus dated November 18, 2014 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.
| Stock Symbol: "VGI.UN" | CUSIP: 92913V 10 4 | Trading Currency: CDN$ |
| Temporary Market Maker: | JitneyTrade Inc. |
| Other Markets: | None |
| Head Office Address: |
77 King Street West |
| Email Address: | info@astonhill.ca |
| Website: | www.astonhill.ca |
| Head Office Telephone Number: | (416) 583-2300 |
| Fax Number: | (877) 374-7952 |
| Chief Financial Officer: | Darren N. Cabral |
| Corporate Secretary: | Sasha Rnjak |
| Investor Relations: |
W. Neil Murdoch Darren N. Cabral |
| Manager | Aston Hill Capital Markets Inc. |
| Incorporation: | The Fund is a non-redeemable investment fund established under the laws of the Province of Ontario and governed by the Declaration of Trust dated as of November 18, 2014. |
| Fiscal Year End: | August 31 |
| Nature of Business: | The Fund's investment objectives are to (i) provide monthly cash distributions; (ii) preserve capital and provide the opportunity for capital appreciation; and (iii) generate increased returns in the event that short-term market interest rates rise and through dividend growth, in each case, through an investment, direct or indirect, in a diversified portfolio consisting primarily of secured, senior floating rate loans of non-investment grade North American borrowers and global dividend paying equities, actively managed by Voya Investment Management Co. LLC. |
| Transfer Agent & Registrar: | Computershare Investor Services Inc. at its principal office in Toronto. |
| Distributions: | The Fund will not have a fixed distribution policy, but intends to make monthly distributions based on the actual and expected returns on the Portfolio to Unitholders of record on the last Business Day of each month. Distributions will be paid on a Business Day designated by the Manager that will be no later than the 15th day of the following month; provided that if the 15th day of the following month is not a Business Day, the distributions shall be paid on the next day that is a Business Day. The initial monthly distribution will be payable to Unitholders of record on January 30, 2015 and will be paid no later than February 16, 2015. The first distribution is expected to reflect the period from the Closing Date to January 30, 2015. Based on current estimates and the assumptions set out in the Prospectus, the Fund's initial distribution target is expected to be $0.0416 per Class A Unit per month (U.S. $0.0416 in the case of the Class U Units), representing an initial yield of 5.0% per annum. |
| Class U Units: | In addition to the Class A Units, the Fund is offering Class U Units under the Prospectus. The Class U Units are designed for investors who want to make their investment in U.S. dollars and will not be listed on a stock exchange. A holder of Class U Units may convert such Class U Units into Class A Units on a weekly basis and it is expected that liquidity for the Class U Units will be obtained primarily by means of conversion into Class A Units and the sale of such Class A Units. Class U Units may be converted in any week on the first Business Day of such week (the “Conversion Date”) by delivering a notice and surrendering such Class U Units by 3:00 p.m. (Toronto time) at least five Business Days prior to the applicable Conversion Date. For each Class U Unit so converted, a holder will receive that number of Class A Units equal to the Net Asset Value per Class U Unit as at the close of trading on the Business Day immediately preceding the Conversion Date divided by the Net Asset Value per Class A Unit as at the close of trading on the Business Day immediately preceding the Conversion Date. No fraction of a Class A Unit will be issued upon any conversion of Class U Units and any remaining fraction of a Class U Unit will be rounded down to the nearest whole number of Class A Units. |
| Public Offering: | Pursuant to the terms of the Prospectus, up to a maximum of 12,000,000 Class A Units and/or unlisted Class U Units at a price of $10.00 per Class A Unit and U.S.$10.00 per Class U Unit are being offered to the public by BMO Nesbitt Burns Inc., Scotia Capital Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., National Bank Financial Inc., GMP Securities L.P., Canaccord Genuity Corp., Raymond James Ltd., Burgeonvest Bick Securities Limited, Desjardins Securities Inc., Dundee Securities Ltd., Mackie Research Capital Corporation and Manulife Securities Incorporated, as agents. |
