Exchange Bulletin
CI Marret Alternative Enhanced Yield Fund (CMEY, CMEY.U) To Trade On Toronto Stock Exchange
May 14, 2020
Issuer: CI Marret Alternative Enhanced Yield Fund (the "ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| ETF C$ Series Units | CMEY | 50,000 | None | C$20.00 |
| ETF US$ Hedged Series Units | CMEY.U | 40,000 | None | US$20.00 |
| Listing category: | Non-Corporate |
| Trading currency: ETF C$ Series Units: | CDN$ |
| Trading currency: ETF US$ Hedged Series Units: | US$ |
| Transaction: | Initial public offering of ETF C$ Series Units and ETF US$ Hedged Series Units (collectively, the "ETF Series Units"). |
| Listing date: | May 15, 2020 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | May 19, 2020 (prior to the opening) |
| Posted for trading date: | May 19, 2020 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | BMO Nesbitt Burns Inc. |
| Security ownership registration: | CDS book entry only system and Non-Certificated Issue. |
| Investor relations: | Eddy Fung Tel: (647) 260-3855 Email: service@ci.com |
| Incorporation: | Investment fund established as a trust under the laws of the Province of Ontario pursuant to an amended and restated master declaration of trust dated April 21, 2020, with an amended and restated Schedule "A" dated May 7, 2020. |
| Manager and Trustee: | CI Investments Inc. |
| Fiscal year end: | Dec 31 |
| Nature of business: | The ETF seeks to provide income with low volatility over a market cycle regardless of market conditions or general market direction, by primarily investing in both debt instruments across the credit spectrum and cash or cash equivalents. The ETF seeks to provide income while targeting low correlation to equity and traditional income. The ETF will use leverage. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Distributions: | Any cash distributions of income on the ETF Series Units of the ETF are expected to be made monthly in the currency in which the ETF Series Units are denominated. |
| Sponsorship: | Not applicable |
| Offering document: | Simplified Prospectus Part A and Part B and Annual Information Form each dated May 7, 2020 (collectively, the "Offering Documents") which are available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Offering Documents. |
| Additional Information: | The ETF US$ Hedged Series Units will be quoted and traded on Toronto Stock Exchange in US funds and trading information regarding the ETF US$ Hedged Series Units will appear under the heading "Trading in US Funds" in the TSX Monthly Review. |
| Initial public offering: | 50,000 ETF C$ Series Units will be issued at a subscription price of C$20.00 per ETF C$ Series Unit, and 40,000 ETF US$ Hedged Series Units will be issued at a subscription price of US$20.00 per ETF US$ Hedged Series Unit. The ETF is authorized to issue an unlimited number of ETF Series Units, each of which represents an undivided interest in the assets of the ETF. The ETF Series Units of the ETF are being issued and sold on a continuous basis and there is no maximum number of ETF Series Units that may be issued. |
| TSX contact: | Chris Birkett, Managing Director, Toronto Stock Exchange. |
