Bulletin de la Bourse
June 2020 Corporate Bond Trust (CBT.UN) inscrit à la Bourse de Toronto
Issuer: June 2020 Corporate Bond Trust (the "Fund")
Security | Symbol | CUSIP | Issued and Outstanding Securities | Reserved Securities | Issue Price |
---|---|---|---|---|---|
Class T units | CBT.UN | 48171T 20 7 | 10,000,000 | 1,500,000 | $10.00 |
Listing category: | Non-Corporate |
Trading currency: | CDN$ |
Transaction: | Initial public offering of Class T units (the "Offering"). |
Listing date: | October 28, 2016 (as at 5:01 pm) in anticipation of closing of the Offering. |
Anticipated closing date: | October 31, 2016 (prior to the opening) |
Posted for trading date: | October 31, 2016 (at the opening) subject to confirmation of closing of the Offering. |
Other market(s): | None |
Designated market maker: | National Bank Financial Inc. |
Security ownership registration: | CDS book entry only system |
Investor relations: | Elliott Johnson Tel: (416) 364-3711 Email: ejohnson@fieracapital.com - and - Violaine Des Roches Tel: (514) 954-3300 Email: vdesroches@fieracapital.com |
Incorporation: | Closed-end investment fund established as a trust under the laws of the Province of Ontario pursuant to a declaration of trust dated September 29, 2016. |
Manager: | Fiera Capital Corporation |
Fiscal year end: | December 31 |
Nature of business: | The Fund has been created to acquire, or obtain exposure to, a portfolio comprised primarily of debt securities of Canadian and U.S. corporate issuers ("Eligible Debt Securities") with a weighted average term to maturity of approximately 40 months and a modified duration of approximately 36 months, and generally will hold such Eligible Debt Securities until their maturities. |
Transfer agent and registrar: | Computershare Investor Services Inc. at its principal office in Toronto. |
Conversion of Class A units: | Holders of unlisted Class A units may convert Class A units into Class T units on a weekly basis. |
Distributions: | Expected quarterly cash distributions. The initial Target Distribution Amount is $0.0875 per Class T unit (corresponding to an annualized distribution of $0.35 per Class T unit per annum and representing an annualized yield of 3.5% per annum based on the original subscription price of $10.00 per Class T unit). |
Sponsorship: | Not applicable |
Disclosure document: | Prospectus dated September 30, 2016 which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Disclosure document. |
Initial public offering: | Pursuant to the terms of the Prospectus, up to a maximum of 11,500,000 Class T units and/or unlisted Class A Units (including the overallotment option of 1,500,000 Class T units) at a price of $10.00 per Class T unit and $10.00 per Class A unit are being offered to the public. |
TSX contact: | Julie K. Shin, Director, Listed Issuer Services, Toronto Stock Exchange. |