Exchange Bulletin
Ninepoint Silver Bullion Fund (SBUL) To Trade On Toronto Stock Exchange
July 15, 2025
Issuer: Ninepoint Silver Bullion Fund (the "Ninepoint ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| ETF Series Units (the "Units") | SBUL | 50,000 | None | $20.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of the Units (the "Offering"). |
| Anticipated closing date: | July 15, 2025 |
| Listing date: | July 15, 2025 (as at 5:01 p.m.) in anticipation of closing of the Offering. |
| Posted for trading date: | July 16, 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: | Kirstin McTaggart Tel: 416-943-4065 Email: kmctaggart@ninepoint.com |
| Incorporation: | An open-ended unit trust that is governed under the laws of the Province of Ontario pursuant to the amending agreement dated June 18, 2025 to the amended and restated declaration of trust dated September 3, 2024, as amended or supplemented from time to time. |
| Manager and Trustee: | Ninepoint Partners LP |
| Fiscal year end: | December 31 |
| Nature of business: | The Ninepoint ETF seeks to provide a secure, convenient alternative for investors seeking to hold silver. The Ninepoint ETF will invest primarily, directly or indirectly, in unencumbered, fully allocated silver bullion. The Ninepoint ETF may also invest a portion of its assets in cash, money market instruments and/or treasury bills. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Dividends: | Cash distributions, if any, on the Units of the Ninepoint ETF will be paid on an annual basis. |
| Sponsorship: | Not applicable. |
| Offering document: | Amendment No. 1 dated June 18, 2025 to the Simplified Prospectus dated May 16, 2025 (together, 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 Units will be issued at a subscription price of C$20.00 per Unit. The Units of the Ninepoint 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. |