Exchange Bulletin
BMO Premium Yield ETF (ZPAY, ZPAY.F, ZPAY.U) To Trade On Toronto Stock Exchange
January 17, 2020
Issuer: BMO Premium Yield ETF (the "ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| CAD Units | ZPAY | 150,000 | None | CDN $30 |
| Hedged Units | ZPAY.F | 150,000 | None | CDN $30 |
| USD Units | ZPAY.U | 50,000 | None | USD $30 |
| Listing category: | Non-Corporate |
| Trading currency of CAD Units and Hedged Units: | CDN$ |
| Trading currency of USD Units: | USD$ |
| Transaction: | Initial public offering of CAD Units, Hedged Units and USD Units (together, the "Units") (the "Offering"). |
| Listing date: | January 20, 2020 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | January 21, 2020 |
| Posted for trading date: | January 21, 2020 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | National Bank Financial Inc. |
| Security ownership registration: | CDS book-entry only system, which will be effected in non-certificated form. |
| Investor relations: | Kevin Gopaul Head of Exchange Traded Funds BMO Global Asset Management Inc. (416) 359-7635 kevin.gopaul@bmo.com |
| Corporate Secretary: | Benjamin Iraya |
| Incorporation: | The ETF is an exchange traded mutual fund established as a trust under the laws of the Province of Ontario pursuant to a master declaration of trust dated January 10, 2020 (as amended or as amended and restated from time to time). |
| Manager and Trustee: | BMO Asset Management Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The ETF seeks to provide exposure to the performance of a portfolio of U.S. large capitalization companies, primarily by investing in U.S. equity securities and derivative instruments to provide long-term capital appreciation, generate income and mitigate downside risk. The Hedged Units of the ETF will also invest in or use derivative instruments to seek to hedge U.S. currency exposure. |
| Transfer agent and registrar: | State Street Trust Company Canada at its principal offices in Toronto. |
| Distributions: | Cash distributions on Units of the ETF are expected to be made on a monthly basis in the currency in which the Units are denominated. |
| Sponsorship: | Not applicable. |
| Offering Document: | Prospectus dated January 10, 2020, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Additional Information: | The USD Units will be quoted and traded on Toronto Stock Exchange in US funds and trading information regarding the USD Units will appear under the heading "Trading in US Funds" in the TSX Monthly Review. |
| Initial public offering: | 150,000 CAD Units will be issued at a subscription price of CDN $30.00 per CAD Unit, 150,000 Hedged Units will be issued at a subscription price of CDN $30 per Hedged Unit and 50,000 USD Units will be issued at a subscription price of USD $30 per USD Unit. Units are being issued and sold on a continuous basis and there is no maximum number of Units that may be issued. |
| TSX contact: | Chris Birkett, Director, Toronto Stock Exchange. |