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Exchange Bulletin

CIBC Flexible Yield ETF (CAD-Hedged) (CFLX) To Trade On Toronto Stock Exchange


January 23, 2020

Issuer: CIBC Flexible Yield ETF (CAD-Hedged) (the "ETF")

SecuritySymbolIssued and Outstanding SecuritiesReserved SecuritiesIssue Price
Common Units ("Units") CFLX 100,000 None $20
Listing category: Non-Corporate
Trading currency: CDN$
Transaction: Initial public offering of Units (the "Offering")
Listing date: January 24, 2020, (as at 5:01 pm) subject to confirmation of closing of the Offering.
Anticipated closing date: January 27, 2020
Posted for trading date: January 27, 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 system as well as Non-Certificated Issue.
Investor relations: David Stephenson
Director, ETF Strategy Development
(416) 242-1409
david.stephenson@cibc.com 
Incorporation: The ETF is an exchange-traded mutual fund established under the laws of the Province of Ontario pursuant to the terms of the Declaration of Trust dated January 14, 2020.
Manager and Trustee: CIBC Asset Management Inc.
Fiscal year end: December 31
Nature of business: The ETF seeks to generate long-term total return and current income by investing primarily in high yielding debt and investment grade fixed income securities of issuers located anywhere in the world. Exposure to these types of securities will be obtained by investing primarily in Renaissance Flexible Yield Fund (or its successor fund), and/or by investing directly in the securities.
Transfer agent and registrar: TSX Trust Company, at its principal offices in Toronto.
Distributions: Cash distributions on Units of the ETF, if any, will be made monthly. There is no guarantee of the amount of distributions that will be paid and the distribution policy for the ETF can be changed at any time. The Manager may, in its sole discretion, change the frequency of such distributions, which change will be announced by the Manager in a press release.
Sponsorship: Not applicable
Offering document: Prospectus dated January 14, 2020, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus.
Initial public offering: 100,000 Units will be issued at a subscription price of $20.00. The ETF is authorized to issue an unlimited number of Units, each of which represents an equal, undivided interest attributable to that series. 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: Chris Birkett,
Director,
Toronto Stock Exchange.