Exchange Bulletin
PowerShares 1-3 Year Laddered Floating Rate Note Index ETF (PFL) To Trade On Toronto Stock Exchange
PowerShares 1-3 Year Laddered Floating Rate Note Index ETF (the "PowerShares ETF") - An application has been granted for the original listing in the Industrial category of 100,000 units (the "Units"), all of which will be issued and outstanding, upon the completion of an initial public offering.
Listing of the Units will become effective at 5:01 p.m. on Friday, July 18, 2014 in anticipation of the Offering closing prior to the opening of business on Monday, July 21, 2014. The Units will be posted for trading at the opening of business on Monday, July 21, 2014, upon confirmation of the closing.
The PowerShares ETF is authorized to issue an unlimited number of Units each of which represents an equal, undivided interest in the assets of the PowerShares ETF. Units of the PowerShares ETF are being issued and sold on a continuous basis and there is no maximum number that may be issued.
Registration 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 exchange or redemption only through a CDS Participant. Beneficial owners will not have the right to receive physical certificates evidencing their ownership.
Additional information on the Units may be found in the final prospectus of the ETF dated July 8, 2014 (the "Prospectus") which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.
| Stock Symbol: "PFL" | CUSIP: 73937K 10 0 | Trading Currency: CDN$ |
| Temporary Market Maker: | BMO Nesbitt Burns Inc. |
| Other Markets: | None. |
| Head Office Address: | 5140 Yonge Street Suite 800 Toronto, ON M2N 6X7 |
| Email Address: | inquiries@invesco.ca |
| Website: | www.powershares.ca |
| Head Office Telephone Number: | (416) 590-9855 |
| Fax Number: | (416) 590-9868 |
| Investor Relations: | Aysha Mawani Tel: (416) 324-7712 Email: aysha.mawani@invesco.com |
| Manager: | Invesco Canada Ltd. |
| Transfer Agent & Registrar: | CST Trust Company at its principal office in Toronto. |
| Chief Financial Officer: | David C. Warren |
| Corporate Secretary: | Eric J. Adelson |
| Incorporation: | The Company was incorporated under the Canada Business Corporations Act on April 16, 2014. |
| Fiscal Year End: | December 31 |
| Incorporation: | The PowerShares ETF was established under the laws of the Province of Ontario on July 7, 2014 pursuant to a master declaration of trust executed by Invesco Canada Ltd., as trustee. |
| Nature of Business: | The PowerShares ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the FTSE TMX Canada 1-3 Year Laddered Floating Rate Note Index, or any successor thereto. This Powershares ETF invest primarily in Canadian government and corporate investment-grade floating rate notes. |
| Distributions and Automatic Reinvestment: | Income distributions, if any, will be paid in cash on a monthly basis. Cash distributions may include a return of capital. Capital gains distributions, if any, will be paid annually and, net of taxes required to be withheld, 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 capital gains distribution and reinvestment is the same as it would have been if the distribution had not been paid. |
| Initial Issuance of Units: | Pursuant to the Prospectus, 100,000 Units of the PowerShares ETF will be issued at a subscription price of $20 per Unit. Units of the PowerShares ETF are being issued and sold on a continuous distribution basis. |
