Exchange Bulletin
Lysander-Slater Preferred Share ActivETF (PR) To Trade On Toronto Stock Exchange
Lysander-Slater Preferred Share ActivETF (the “ETF”) - An application has been granted for the original listing in the Industrial category of 200,000 units (the “Units”) of the ETF, of which all will be issued and outstanding, and none of which will be reserved for issuance upon completion of an initial public offering.
Listing of the Units will become effective at 5:01 p.m. on Monday, August 17, 2015, as the offering will close prior to the opening on Tuesday, August 18, 2015. The Units will be posted for trading at the opening on Tuesday, August 18, 2015.
Units of the ETF are offered on a continuous basis and the ETF is entitled to issue an unlimited number of Units. Each Unit represents an equal beneficial interest in the ETF.
The registration and transfer of Units will be effected through the book-entry only system administered by CDS Clearing and Depository Services Inc. Unitholders of the ETF will not have the right to receive physical certificates evidencing their ownership of the Units.
Additional information on the Units may be found in the final prospectus dated July 29, 2015 (the “Prospectus”), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.
| Stock Symbol: "PR" | CUSIP: 552374 10 0 | Trading Currency: CDN$ |
| Designated Market Maker: | BMO Nesbitt Burns Inc. |
| Other Markets: | None |
| Head Office Address: | 100 York Boulevard, Suite 501 Richmond Hill, Ontario L4B 1J8 |
| Website: | www.lysanderfunds.com |
| Email Address: | manager@lysanderfunds.com |
| Telephone Number: | (416) 640-4275 |
| Investor Relations: | Raj Vijh Tel: (416) 640-4275 rvijh@lysanderfunds.com |
| Chief Financial Officer: | Rajeev Vijh |
| Corporate Secretary: | Brenda Burns |
| Incorporation: | The ETF is an exchange-traded fund established as a trust under the laws of the Province of Ontario pursuant to a declaration of trust dated July 28, 2015. |
| Manager and Trustee: | Lysander Funds Limited |
| Fiscal Year End: | December 31 |
| Nature of Business: | The ETF seeks to generate income while preserving investor capital by investing primarily in preferred shares of Canadian entities that are listed on a Canadian stock exchange. |
| Transfer Agent & Registrar: | CST Trust Company at its principal office in Toronto. |
| Distributions and Automatic Reinvestment: | Cash distributions on Units of the ETF, if any, will be made monthly. Each year, the ETF intends to distribute a sufficient amount of its net income and net realized capital gains for the year to Unitholders so that the ETF will not be liable for ordinary income tax. To the extent that the ETF has not otherwise distributed a sufficient amount of its net income or net capital gains, a distribution will be paid to Unitholders at the end of the year and that distribution will be automatically reinvested in additional Units. Immediately following such reinvestment, the number of Units outstanding will be consolidated so that the NAV per Unit following the distribution and reinvestment is the same as it would have been if the distribution had not been paid. |
| Sponsor: | Not applicable |
| Initial Issuance of Units: | Pursuant to the terms of the Prospectus, Units will be issued and sold on a continuous basis and there will be no maximum number of Units that may be issued. Units sold in connection with the initial public offering for the ETF will amount to 200,000 Units at a price of $10.00 per Unit. |
