Exchange Bulletin
Global X Enhanced Equal Weight Canadian Telecommunications Covered Call ETF (RNCL) To Trade On Toronto Stock Exchange
April 29, 2025
Issuer: Global X Enhanced Equal Weight Canadian Telecommunications Covered Call ETF (the "ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Class A units (the "Units") | RNCL | 100,001 | None | C$20.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of the Units (the "Offering") |
| Listing date: | April 29, 2025 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | April 30, 2025 (prior to the opening) |
| Posted for trading date: | April 30, 2025 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | National Bank Financial Inc. |
| Investor relations: | Rob Moher Tel.: (416) 933-5745 rmoher@globalx.ca |
| Incorporation: | The ETF is an exchange traded mutual fund trust established under the laws of Ontario on April 22, 2025, pursuant to an amended and restated master declaration of trust. The ETF is an "alternative mutual fund" as defined in National Instrument 81-102 Investment Funds. |
| Manager and Trustee: | Global X Investments Canada Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The ETF seeks to provide, to the extent reasonably possible and net of expenses: (a) exposure to the performance of an equal-weighted index designed to provide exposure to the largest Canadian telecommunications companies (currently, the Mirae Asset Equal Weight Canadian Telecommunications Index); and (b) high monthly distributions of dividend income and call option premiums. To generate premiums, the ETF is exposed to a dynamic covered call option writing program. The ETF also employs leverage (not to exceed the limits on use of leverage described under "Investment Strategies" in the ETFs Prospectus) through cash borrowing and generally endeavours to maintain a leverage ratio of approximately 125%. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Distributions: | It is anticipated that the ETF will make distributions to its Unitholders on a monthly basis. |
| Sponsorship: | Not applicable |
| Offering document: | Prospectus dated April 22, 2025 (the "Prospectus"), which is available at www.sedarplus.ca. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Initial public offering: | 100,001 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. 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 |