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Exchange Bulletin

NCM Core Global (NCG) To Trade On Toronto Stock Exchange


September 3, 2020

Issuer: NCM Core Global (the "ETF")

SecuritySymbolIssued and Outstanding SecuritiesReserved SecuritiesIssue Price
ETF Series Shares NCG 80,000 None $25.00
Listing category: Non-Corporate
Trading currency: CDN$
Transaction: Initial public offering of ETF Series Shares (the "Offering")
Anticipated closing date: September 4, 2020
Listing date: September 4, 2020 (as at 5:01 pm) in anticipation of closing of the Offering.
Posted for trading date: September 8, 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 and non-certificated form administered by CDS.
Investor relations: Wan Kim
Senior Vice President, National Sales and Marketing wan.kim@ncminvestments.com
(416) 640-6716
Incorporation: NCM Core Portfolios Ltd. (the "Corporation") is a mutual fund corporation that was incorporated under the laws of the Province of Alberta as Norrep MG Fund Ltd. pursuant to articles of incorporation dated January 24, 2012. It changed its name to Norrep Premium Portfolios Ltd. by articles of amendment dated January 9, 2014 and it further changed its name to Norrep Core Portfolios Ltd. by articles of amendment dated January 18, 2016. The Corporation changed its name to NCM Core Portfolios Ltd. by articles of amendment dated August 27, 2018. The Corporation filed articles of amendment dated May 20, 2020 to create the ability to offer ETF Series Shares. The ETF is a class of shares of the Corporation. The ETF (originally named Norrep Core Global Pool) was created pursuant to articles of amendment dated January 18, 2016, and changed its name to Norrep Core Global effective June 29, 2017 and further changed its name to NCM Core Global effective August 27, 2018.
Manager: NCM Asset Management Ltd.
Fiscal year end: September 30
Nature of business: The ETF will seek to achieve long-term capital appreciation by investing primarily in global equity securities. The portfolio may consist of all types of equity and debt obligations of issuers that may or may not be listed for trading upon the facilities of stock exchanges or other organized and regulated trading facilities. Assets of the ETF may also be invested in debt obligations or held in cash to the extent that economic, market, or other conditions make it appropriate.
Transfer agent and registrar: TSX Trust Company at its principal office in Toronto.
Distributions: Cash distributions, if any, will be payable annually.
Sponsorship: Not applicable
Offering document: Simplified prospectus and annual information form each dated May 20, 2020, which are available at www.sedar.com. Capitalized terms not otherwise defined herein are as defined in the simplified prospectus and annual information form each dated May 20, 2020.
Initial public offering: 80,000 ETF Series Shares will be issued at a subscription price of $25.00 per ETF Series Share. The ETF is authorized to issue an unlimited number of ETF Series Shares. Each ETF Series Share has equal rights and privileges. The ETF Series Shares of the ETF are being issued and sold on a continuous basis and there is no maximum number of ETF Series Shares that may be issued.
TSX contact: Chris Birkett,
Managing Director,
Toronto Stock Exchange.