Exchange Bulletin
Evolve Future Leadership Fund (LEAD, LEAD.B, LEAD.U) To Trade On Toronto Stock Exchange
September 10, 2020
Issuer: Evolve Future Leadership Fund (the "Evolve ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Hedged Canadian dollar denominated ETF units (the "Hedged ETF Units") | LEAD | 50,000 | None | C$20.00 |
| Unhedged Canadian dollar denominated ETF units (the "Unhedged ETF Units") | LEAD.B | 50,000 | None | C$20.00 |
| US dollar denominated unhedged ETF units (the "USD Unhedged ETF Units") | LEAD.U | 50,000 | None | US$20.00 |
| Listing category: | Non-Corporate |
| Trading currency - Hedged ETF Units and Unhedged ETF Units: | CDN$ |
| Trading currency - USD Unhedged ETF Units: | US$ |
| Transaction: | Initial public offering of Hedged ETF Units, Unhedged ETF Units and USD Unhedged ETF Units (collectively, the "ETF Units") (the "Offering"). |
| Listing date: | September 11, 2020 (as at 5:01 p.m.) in anticipation of closing of the Offering. |
| Anticipated closing date: | September 14, 2020 |
| Posted for trading date: | September 14, 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: | Elliot Johnson Tel: (416) 572-2110 Email: ejohnson@evolveetfs.com - and – Keith Crone Tel: (416) 572-2111 Email: k.crone@evolveetfs.com |
| Incorporation: | Exchange traded mutual fund trust established under the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated September 4, 2020. |
| Manager and Trustee: | Evolve Funds Group Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The Evolve ETF is seeks to provide holders of the ETF Units with long-term capital appreciation by investing primarily in a diversified mix of equity securities of companies located domestically or internationally that the Manager has determined are leaders in sectors that stand to benefit from medium and long term economic trends. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Currency Hedging: | Any foreign currency exposure of the portion of the portfolio of the Evolve ETF that is attributable to Unhedged ETF Units or USD Unhedged ETF Units will not be hedged back to the currency in which the ETF Units are denominated. All or substantially all of the exposure that the portion of the portfolio of the Evolve ETF attributable to Hedged ETF Units may have to foreign currencies will be hedged back to the currency in which the Hedged ETF Units are denominated. |
| Dividends: | Cash distributions of income, if any, on ETF Units will be payable on a monthly basis. |
| Sponsorship: | Not applicable. |
| Offering document: | Prospectus dated September 4, 2020 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Additional Information: | The USD Unhedged ETF Units will be quoted and traded on Toronto Stock Exchange in US funds and trading information regarding the USD Unhedged ETF Units will appear under the heading "Trading in US Funds" in the TSX Monthly Review. |
| Initial public offering: | 50,000 Hedged ETF Units will be issued at a subscription price of C$20.00 per Hedged ETF Unit, 50,000 Unhedged ETF Units will be issued at a subscription price of C$20.00 per Unhedged ETF Unit and 50,000 USD Unhedged ETF Units will be issued at a subscription price of US$20.00 per USD Unhedged ETF Unit. The Evolve ETF are authorized to issue an unlimited number of ETF Units, each of which represents an equal, undivided interest in the net assets of the Evolve ETF. ETF Units of the Evolve ETF are being issued and sold on a continuous basis and there is no maximum number of ETF Units that may be issued. |
| TSX contact: | Chris Birkett, Managing Director, Toronto Stock Exchange. |
