Exchange Bulletin
Healthcare Leaders Income Fund (HHL.UN) To Trade On Toronto Stock Exchange
Healthcare Leaders Income Fund (the "Fund") - An application has been granted for the original listing in the Industrial category of up to a maximum of 17,250,000 Units of which up to 15,000,000 Units will be issued and outstanding, and up to 2,250,000 Units will be reserved for issuance upon completion of an initial public offering (the “Offering”).
Listing of the Units will become effective at 5:01 p.m. on Wednesday, December 17, 2014, in anticipation of the public offering closing on Thursday, December 18, 2014. The Units, will be posted for trading at the opening on Thursday, December 18, 2014 upon confirmation of closing.
Registrations of interests in and transfers of the Units will be made only through the book-entry only system of CDS Clearing and Depository Services Inc. (“CDS”). Units must be purchased, transferred and surrendered for retraction only through a CDS Participant. Upon purchase of any Units, the owner will receive only the customary confirmation.
Additional information on the units may be found in the final prospectus dated November 19, 2014 (the “Prospectus”), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.
Stock Symbol: "HHL.UN" | CUSIP: 42226L 10 3 | Trading Currency: CDN$ |
Temporary Market Maker: | JitneyTrade Inc. |
Other Markets: | None |
Head Office Address: |
710 Dorval Drive |
Email Address: | info@harvestportfolios.com |
Website: | www.harvestportfolios.com |
Head Office Telephone Number: | (416) 649-4541 |
Fax Number: | (416) 649-4542 |
Investor Relations: |
Michael Kovacs Townsend Haines |
Chief Financial Officer: | Townsend Haines |
Corporate Secretary: | Michael Kovacs |
Incorporation: | The Fund is a closed-end investment fund established under the laws of the Province of Ontario pursuant to a declaration of trust dated November 19, 2014. |
Manager of the Fund: | Harvest Portfolios Group Inc. |
Fiscal Year End: | December 31 |
Nature of Business: | The Fund will invest in a portfolio of 20 equally-weighted Equity Securities of Healthcare Issuers chosen from the Healthcare Leaders Investable Universe that at the time of investment and immediately following each semi-annual reconstitution and rebalancing (i) have a market capitalization of at least US$5 billion, and (ii) have options in respect of their Equity Securities listed on a recognized options exchange. |
Transfer Agent & Registrar: | Equity Financial Trust Company at its principal office in Toronto. |
Distributions: | The Fund intends to make monthly cash distributions payable to Unitholders of record on the last Business Day of each month and pay such cash distributions on or before the 15th day of the following month. Beginning in January 2016, the Fund will annually determine and announce the Indicative Distribution Amount for the following 12 months based upon the prevailing market conditions. The initial Indicative Distribution Amount will be $0.0583 per Unit per month ($0.70 per annum representing an annual cash distribution of 7.0% based on the $10.00 per Unit issue price). The initial cash distribution is anticipated to be payable on or before February 15, 2015 to Unitholders of record on January 30, 2015. |
Public Offering: | Pursuant to the terms of the Prospectus, up to a maximum of 17,250,000 (including the overallotment option of 2,250,000 Units) at a price of $10.00 per Unit are being offered to the public by BMO Nesbitt Burns Inc., CIBC World Markets Inc., Scotia Capital Inc., National Bank Financial Inc., Canaccord Genuity Corp., Global Securities Corporation, GMP Securities L.P., Raymond James Ltd., Desjardins Securities Inc., Dundee Securities Ltd., Industrial Alliance Securities Inc. and Mackie Research Capital Corporation, as agents. |