Exchange Bulletin
First Trust Canadian Capital Strength ETF (FST, FST.A) To Trade On Toronto Stock Exchange
Issuer: First Trust Canadian Capital Strength ETF
Security | Symbol | CUSIP | Issued and Outstanding Securities | Reserved Securities |
---|---|---|---|---|
Common Units | FST | 337331 10 2 | 247,548 | None |
Advisor Class Units | FST.A | 337331 20 1 | 1,458,280 | None |
Listing category: | Non-Corporate |
Trading currency: | CDN$ |
Transaction: | First Trust Canadian Capital Strength Portfolio, a mutual-fund, has converted to an ETF. The Class F Units and Class A Units of the mutual fund were redesignated as of November 14, 2016 into Common Units and Advisor Class Units of the ETF, respectively, on a one-for-one basis. The net asset value of the ETF as of November 15, 2016 was $28.34 per Common Unit and $24.06 per Advisor Class Unit. |
Listing date: | November 17, 2016 (as at 5:01 pm). |
Posted for trading date: | November 18, 2016 (at the opening). |
Other market(s): | None |
Designated market maker: | CIBC World Markets Inc. |
Security ownership registration: | CDS book entry only system |
Investor relations: | Fraser Howell Tel.: (416) 865-8054 fraserhowell@firsttrust.ca |
Incorporation: | The ETF was established under the laws of the Province of Ontario on November 14, 2016 pursuant to an amended and restated master declaration of trust. |
Manager and Trustee: | FT Portfolios Canada Co. |
Fiscal year end: | December 31 |
Nature of business: | The ETF seeks to provide Unitholders with long term capital appreciation by investing primarily in securities traded on a Canadian exchange or market. |
Transfer agent and registrar: | TSX Trust Company at its principal offices in Toronto. |
Distributions: | Cash distributions on Units of the ETF will be made quarterly, if any. |
Common Units and Advisor Class Units: | The only difference between Common Units and Advisor Class Units is the service fee component of the management fee payable by the ETF in respect of the Units of each class. Accordingly, the net asset value per Unit of each class may not be the same as a result of the different fees allocable to each class of Units. |
Conversion of Units: | Unitholders may convert Advisor Class Units into Common Units of the ETF or Common Units into Advisor Class Units of the ETF in any month. |
Sponsorship: | Not applicable |
Disclosure document: | Final Prospectus dated November 14, 2016, which is available at www.sedar.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
TSX contact: | Julie K. Shin, Director, Listed Issuer Services, Toronto Stock Exchange. |