Exchange Bulletin
June 2021 Investment Grade Bond Pool (RBP.UN) To Trade On Toronto Stock Exchange
March 20, 2017
Issuer: June 2021 Investment Grade Bond Pool (the "Fund")
| Security | Symbol | CUSIP | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|---|
| Class T units (the "Units") | RBP.UN | 48171V 11 1 | 7,500,000 | 1,125,000 | $10.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of Units (the "Offering") |
| Listing date: | March 21, 2017 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | March 22, 2017 |
| Posted for trading date: | March 22, 2017 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Temporary market maker: | National Bank Financial Inc. |
| Security ownership registration: | CDS book-entry system |
| Investor relations: | Dan Rubin (416) 583-3853 danr@purposeinvest.com - OR – Scott Bartholomew Chief Financial Officer (416) 583-3857 scottb@purposeinvest.com |
| Incorporation: | An investment fund established as a trust under the laws of the Province of Ontario pursuant to a declaration of trust dated as of February 24, 2017. |
| Manager and Trustee: | Redwood Asset Management Inc. (the "Manager") |
| Fiscal year end: | December 31 |
| Nature of business: | The Fund's investment objectives are to (i) return to holders of Units ("Unitholders"), including through Principal Distributions, the original issue price of $10.00 per Unit on or before June 30, 2021; (ii) generate over the term of the Fund an annual average total return after fees and expenses of 3.55% for investors in the initial public offering who purchased Class T Units, by investing primarily in debt securities of Canadian and U.S. companies. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Conversion of Class A Units into Class T Units: | Holders of unlisted Class A units may convert Class A units into Class T units on a weekly basis. |
| Distributions | Expected quarterly cash distributions. The initial Target Distribution Amount is $0.0887 per Class T unit (corresponding to an annualized distribution of $0.355 per Class T unit per annum and representing an annualized yield of 3.55% per annum based on the original subscription price of $10.00 per Class T unit). |
| Sponsorship: | Not applicable |
| Disclosure document: | Prospectus dated February 24, 2017 which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Disclosure document. |
| Initial public offering: | Pursuant to the terms of the Prospectus, up to a maximum of 8,625,000 Class T units and/or unlisted Class A Units (including the overallotment option of 1,125,000 Class T units) at a price of $10.00 per Class T unit and $10.00 per Class A unit are being offered to the public. |
| TSX contact: | Julie Shin, Director, Listed Issuer Services, Toronto Stock Exchange. |