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Bulletin de la Bourse
Horizons USD Cash Maximizer ETF (HSUV.U) inscrit à la Bourse de Toronto
29 juin 2020
Issuer: Horizons USD Cash Maximizer ETF (the "ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| ETF Shares | HSUV.U | 500,000 | None | US$100.00 |
| Listing category: | Non-Corporate |
| Trading currency: | US$ |
| Transaction: | Initial public offering of ETF Shares (the "Offering") |
| Listing date: | June 30, 2020 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | July 2, 2020 (prior to the opening) |
| Posted for trading date: | July 2, 2020 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | CIBC World Markets Inc. |
| Security ownership registration: | CDS book-entry only system |
| Investor relations: | Martin Fabregas Tel.: (416) 601-2508 mfabregas@horizonsetfs.com |
| Incorporation: | Horizons ETF Corp. (the "Company") is a mutual fund corporation established under the federal laws of Canada. The ETF was established on June 22, 2020, pursuant to articles of amendment of the Company. The ETF is a separate Corporate Class. |
| Manager: | Horizons ETFs Management (Canada) Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The ETF seeks to generate modest capital growth by investing primarily in high interest U.S. dollar deposit accounts with Canadian banks. While any decision to pay dividends or other distributions is within the discretion of the Manager, the ETF is not currently expected to make any regular distributions. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Distributions: | The ETF does not currently intend to pay regular dividends or returns of capital on the ETF Shares. |
| Sponsorship: | Not applicable |
| Additional Information: | Participating Organizations should note that all trades in the ETF will be on a T+1 settlement on a permanent basis, from July 3, 2020. The Shares will be traded in U.S. funds. Accordingly, they will appear under the heading U.S. funds in newspapers and the Exchange's Daily Record and Monthly Review. |
| Mandatory Trading and Settlement Rules: | Trade Date: July 2, 2020 Settlement Date: July 6, 2020 T+2 special settlement rules are being imposed to accommodate the US banking holiday on Friday, July 3, 2020. |
| Offering document: | Prospectus dated June 22, 2020, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Initial public offering: | 500,000 ETF Shares will be issued at a subscription price of US$100.00 per ETF Share. The ETF is authorized to issue an unlimited number of ETF Shares. ETF Shares of the ETF are being issued and sold on a continuous basis and there is no maximum number of ETF Shares that may be issued. |
| TSX contact: | Chris Birkett, Managing Director, Toronto Stock Exchange |