Exchange Bulletin
Accelerate Diversified Credit Income Fund (INCM, INCM.U) To Trade On Toronto Stock Exchange
May 14, 2024
Issuer: Accelerate Diversified Credit Income Fund (the "ETF")
| Security | Symbols | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Units | INCM, INCM.U | 50,000 | None | C$20.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ (INCM), US$ (INCM.U) |
| Transaction: | Initial public offering of Units (the "Offering"). |
| Anticipated closing date: | May 10, 2024 |
| Listing date: | May 14, 2024 (as at 5:01 p.m.) subject to confirmation of closing of the Offering. |
| Posted for trading date: | May 15, 2024 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | RBC Dominion Securities Inc. |
| Investor relations: | Julian Klymochko Chief Executive Officer 403 801 2445 julian@acceleratefintech.com |
| Incorporation: | The ETF is established under the laws of the Province of Ontario pursuant to the amended and restated master declaration of trust dated March 19, 2024. |
| Manager and Trustee: | Accelerate Financial Technologies Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The ETF seeks to deliver exposure to alternative sources of income by focusing on, but not limited to, the private credit, direct lending, asset-backed and mortgage-backed securities market. The ETF gains exposure to listed securities containing direct loans to private corporations, collateralized loans and mortgages, along with other debt instruments such as collateralized loan obligations (CLOs) by investing in listed business development companies (BDCs), closed-end funds (CEFs) and Exchange-Traded Funds (ETFs), with an emphasis on BDCs and CEFs holding floating-rate loans. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Distributions: | Cash distributions on Units of the ETF are expected to be made monthly. |
| Sponsorship: | Not applicable |
| Offering document: | Prospectus dated March 19, 2024 (the Prospectus") which is available at www.SEDARplus.ca. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Additional Information: | The ETF Units trading under symbol "INCM.U" will be quoted and traded on TSX in U.S. funds and trading information regarding "INCM.U" will appear under the heading "Trading in US Funds" in the TSX Monthly Review |
| Initial public offering: | 50,000 Units will be issued at a subscription price of C$20.00 per Unit. The ETF is authorized to issue an unlimited number of Units, each of which represents an equal, undivided interest in the net assets of the ETF. The Units of the ETF are being issued and sold on a continuous basis and there is no maximum number of Units that may be issued. |
| TSX contact: | Selma Thaver, Managing Director, TSX Listings |