Exchange Bulletin
First Trust Long/Short Equity ETF (FTLS) To Trade On Toronto Stock Exchange
July 18, 2025
Issuer: First Trust Long/Short Equity ETF (the "ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Units | FTLS | 50,000 | None | $20.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of Units (the "Offering"). |
| Listing date: | July 18, 2025 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | July 18, 2025 |
| Posted for trading date: | July 21, 2025 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | RBC Dominion Securities Inc. |
| Investor relations: | Susan Johnson Chief Financial Officer and Chief Compliance Officer (877) 622-5552 susanjohnson@firsttrust.ca |
| Incorporation: | The ETF is an exchange traded mutual fund established as a trust under the laws of the Province of Ontario, pursuant to the terms of an Amended and Restated Declaration of Trust dated June 23, 2025. |
| Manager and Trustee: | FT Portfolios Canada Co. |
| Fiscal year end: | December 31 |
| Nature of business: | The ETF seeks to provide holder of Units with long-term total return by investing in both a long and short portfolio of U.S. exchange listed equity securities and index futures contracts. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Distributions: | Cash distributions, if any, on Units of the ETF will be made quarterly. |
| Conversion of units: | Unitholders may convert Units into unlisted hedged units of the ETF or unlisted hedged units into Units of the ETF in any month. To do so, Units must be surrendered and the unitholder's CDS Participant must deliver to CDS (at its office in the City of Toronto) on behalf of the unitholder, notice of the unitholder's intention to convert at any time during the period from the first day of a month until 5:00 p.m. (Toronto time) on the last business day prior to the 16th day of such month. Units surrendered for conversion will be converted on the last Trading Day of the month (the "Conversion Date"). For each Unit so converted, a holder will receive a number of unlisted hedged units equal to the Net Asset Value per unit as of the Conversion Date divided by the Net Asset Value per hedged unit as of the Conversion Date. For each unlisted hedged unit so converted, a holder will receive a number of Units equal to the Net Asset Value per hedged unit as of the Conversion Date divided by the Net Asset Value per unit as of the Conversion Date. No fractional Units of the ETF, or cash in lieu thereof, will be issued or paid in connection with a conversion of Units. |
| Sponsorship: | Not applicable |
| Offering document: | Prospectus dated June 23, 2025 which is available at www.sedarplus.ca. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Initial public offering: | 50,000 Units will be issued at a subscription price of $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 attributable to that class. 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. |