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Exchange Bulletin

First Trust Cboe Vest U.S. Equity Buffer ETF – May (MAYB.F) To Trade On Toronto Stock Exchange


May 19, 2020

Issuer: First Trust Cboe Vest U.S. Equity Buffer ETF – May (the "ETF")

SecuritySymbolIssued and Outstanding SecuritiesReserved SecuritiesIssue Price
Hedged Units ("Units") MAYB.F 50,000 None $30.00
Listing category: Non-Corporate
Trading currency: CDN$
Transaction: Initial public offering of Units (the "Offering")
Anticipated closing date: May 20, 2020
Listing date: May 20, 2020 (as at 5:01 pm) subject to confirmation of closing of the Offering.
Posted for trading date: May 21, 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: Non-certificated inventory system of CDS
Investor relations: Karl Cheong
Director, FT Portfolios Canada Co.
647-455-0296
karlcheong@firsttrust.ca
Incorporation: The ETF is an exchange traded mutual fund established as a trust under the laws of the Province of Ontario on May 7, 2020 pursuant to an amended and restated declaration of trust.
Manager and Trustee: FT Portfolios Canada Co.
Fiscal year end: December 31
Nature of Business: The ETF seeks to provide Unitholders with returns (before fees, expenses and taxes) that match the price return of the SPDR® S&P 500® ETF Trust (the "Underlying ETF") up to a predetermined upside cap (before fees, expenses and taxes), while providing a buffer against the first 10% (before fees, expenses and taxes) of the decrease in the market price of the Underlying ETF, over a period referred to as the "Target Outcome Period". The initial Target Outcome Period is the period commencing on the date of initial issuance and listing of the Units of the ETF to on or about Friday, May 21, 2021. Following this initial Target Outcome Period, each subsequent Target Outcome Period will be a period of approximately one year from the third Friday of May of each year to on or about the third Friday of May of the following year. The ETF will, in respect of the Units, generally seek to hedge substantially all of its U.S. dollar currency exposure associated with its portfolio investments back to the Canadian dollar. In addition to the fees, expenses and taxes, risks and costs associated with currency hedging may impact the buffer or predetermined upside cap.
Transfer agent and registrar: TSX Trust Company at its principal offices in Toronto.
Distributions: Cash distributions, if any, on Units of the ETF are expected to be made annually.
Sponsorship: Not applicable
Offering document: Prospectus dated May 7, 2020, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus.
Initial public offering: 50,000 Units will be issued at a subscription price of $30.00 per Unit. The ETF is authorized to issue an unlimited number of Units, each of which represents an equal, undivided interest in the net assets of the ETF. 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,
Managing Director,
Toronto Stock Exchange