Exchange Bulletin
Evolve Enhanced Yield Mid Term Bond Fund (MIDB, MIDB.B, MIDB.U) To Trade On Toronto Stock Exchange
March 26, 2025
Issuer: Evolve Enhanced Yield Mid Term Bond Fund ("Evolve ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Hedged ETF Units | MIDB | 50,000 | None | C$20.00 |
| Unhedged ETF Units | MIDB.B | 50,000 | None | C$20.00 |
| USD Unhedged ETF Units | MIDB.U | 50,000 | None | US$20.00 |
| Listing category: | Non-Corporate |
| Trading currency of Hedged ETF Units and Unhedged ETF Units: | CDN$ |
| Trading currency of USD Unhedged ETF Units: | US$ |
| Transaction: | Initial public offering (the "Offering") of Hedged ETF Units, Unhedged ETF Units and USD Unhedged ETFs Units (collectively, the "ETF Units"). |
| Anticipated closing date: | March 26, 2025 |
| Listing date: | March 26, 2025 (as at 5:01 p.m.) in anticipation of closing of the Offering. |
| Posted for trading date: | March 27, 2025 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | CIBC World Markets Inc. |
| Investor relations: | Elliot Johnson Tel: (416) 558-6661 Email: ejohnson@evolveetfs.com - and - Keith Crone Tel: (416) 697-5152 Email: kcrone@evolveetfs.com |
| Incorporation: | An exchange traded mutual fund established under the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated as March 17, 2025. |
| Manager and Trustee: | Evolve Funds Group Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | Evolve ETF seeks to provide Unitholders with attractive monthly income and long-term capital appreciation by targeting a medium duration fixed income portfolio by investing primarily in fixed income ETFs or fixed income securities issued in either the United States or Canada. To enhance yield, as well as to mitigate risk and reduce volatility, MIDB will employ a covered call option writing program at the discretion of the Manager. The level of covered call option writing may vary based on market volatility and other factors. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Dividends: | Cash distributions of income, if any, on ETF Units will be paid monthly, in the currency in which the ETFs Units are denominated. |
| Sponsorship: | Not applicable. |
| Offering document: | Prospectus dated March 17, 2025 (the "Prospectus"), which is available at www.sedarplus.ca. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Additional Information: | The USD Unhedged ETF Units (Symbol: MIDB.U) will be quoted and traded on Toronto Stock Exchange in US funds and trading information regarding the USD Unhedged ETF Units will appear under the heading "Trading in US Funds" in the TSX Monthly Review. |
| Initial public offering: | 50,000 Hedged ETF Units will be issued at a subscription price of C$20.00 per Hedged ETF Units, 50,000 Unhedged ETF Units will be issued at a subscription price of C$20.00 per Unhedged ETF Unit and 50,000 USD Unhedged ETF Units will be issued at a subscription price of US$20.00 per USD Unhedged ETF Unit. Evolve ETF is authorized to issue an unlimited number of ETF Units, each of which represents an equal, undivided interest in the net assets of Evolve ETF and there is no minimum number of ETF Units that may be offered. |
| TSX contact: | Selma Thaver, Managing Director, TSX Listings |