Exchange Bulletin
The Bitcoin Fund (QBTC.U) To Trade On Toronto Stock Exchange
April 7, 2020
Issuer: The Bitcoin Fund (the "Fund")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Class A units (the "Units") |
QBTC.U | 5,000,000 | 750,000 | US$10.00 |
| Listing category: | Non-Corporate |
| Trading currency: | US$ |
| Transaction: | Initial public offering of Units (the "Offering") |
| Listing date: | April 8, 2020 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | April 9, 2020 |
| Posted for trading date: | April 9, 2020 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | TD Securities Inc. |
| Security ownership registration: | CDS book-based system |
| Investor relations: | Frederick T. Pye President and Chief Executive Officer (514) 775-0010 fpye@3iQ.ca |
| 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 March 31, 2020. |
| Manager and Trustee: | 3iQ Corp. |
| Fiscal year end: | December 31 |
| Nature of business: | The Fund's investment objectives are to seek to provide holders of Units ("Unitholders") of the Fund with: (a) exposure to digital currency bitcoin ("bitcoin") and the daily price movements of the U.S. dollar price of bitcoin; and (b) the opportunity for long-term capital appreciation, through an investment strategy that focuses on investing in long-term holdings of bitcoin, purchased from reputable bitcoin trading platforms (commonly referred to as bitcoin exchanges) and OTC counterparties, in order to provide investors with a convenient, secure alternative to a direct investment in bitcoin. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Distributions | The Fund does not intend to pay distributions to Unitholders. |
| Sponsorship: | Not applicable |
| Disclosure document: | Prospectus dated March 31, 2020, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Disclosure document. |
| Additional information: | The Units will be quoted and traded on Toronto Stock Exchange in US funds and trading information regarding the Units will appear under the heading "Trading in US Funds" in the TSX Monthly Review. |
| Initial public offering: | Pursuant to the terms of the Prospectus, a maximum of 5,000,000 Units (and a minimum of 1,000,000 Units) at a price of US$10.00 per Unit, are being offered to the public. |
| TSX contact: | Chris Birkett, Director, Toronto Stock Exchange. |