Exchange Bulletin
RBC Target 2026 U.S. Corporate Bond ETF (RUQO, RUQO.U) To Trade On Toronto Stock Exchange
April 23, 2024
Issuer: RBC Target 2026 U.S. Corporate Bond ETF ("RBC ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Canadian dollar-denominated ETF units (the "CAD Units") | RUQO | 50,000 | None | C$20.00 |
| U.S. dollar-denominated ETF units (the "USD Units") | RUQO.U | 50,000 | None | US$14.5396 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ US$ |
| Transaction: | Initial public offering of CAD Units and USD Units (the "Offering"). |
| Anticipated closing date: | April 22, 2024 |
| Listing date: | April 23, 2024 (as at 5:01 p.m.) subject to confirmation of closing of the Offering. |
| Posted for trading date: | April 24, 2024 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | TD Securities Inc. |
| Investor relations: | Stephen Hoffman Managing Director, Exchange Traded Funds 416-955-5321 stephen.hoffman@rbc.com |
| Incorporation: | The RBC ETF is established under the laws of the Province of Ontario pursuant to the amended and restated master declaration of trust dated March 21, 2024. |
| Manager and Trustee: | RBC Global Asset Management Inc. |
| Fiscal year end: | September 30 |
| Nature of business: | The investment objective of the RBC ETF is to provide income, for a limited period of time ending on the RBC ETF's Termination Date, by investing primarily in a portfolio of investment grade fixed-income securities issued in the U.S. market by U.S. and foreign corporations that mature in the same calendar year as the RBC ETF's Termination Date. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Distributions: | Cash distributions on CAD Units and USD Units of the RBC ETF are expected to be made monthly. |
| Sponsorship: | Not applicable |
| Offering document: | Prospectus dated March 22, 2024 (the "Prospectus") which is available at www.SEDARplus.ca. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Initial public offering: | 50,000 CAD Units will be issued at a subscription price of C$20.00 and 50,000 USD Units will be issued at a subscription price of US$14.5396. The RBC ETF is authorized to issue an unlimited number of CAD Units and USD Units, each of which represents an equal, undivided interest in the net assets of the RBC ETF. The CAD Units and USD Units of the RBC ETF are being issued and sold on a continuous basis and there is no maximum number of CAD Units and USD Units that may be issued. |
| TSX contact: | Selma Thaver, Managing Director, TSX Listings |