Exchange Bulletin
Bitcoin Trust (BITC.UN, BITC.U) To Trade On Toronto Stock Exchange
January 25, 2021
Issuer: Bitcoin Trust (the "Fund")
| Security | Symbol | Trading Currency | Issue Price | Issued and Outstanding Securities | Reserved Securities |
|---|---|---|---|---|---|
| Class A units (the "Units") |
BITC.UN & BITC.U | CDN$ (BITC.UN) & US$ (BITC.U) | C$12.762 (BITC.UN) & US$10.00 (BITC.U) |
Up to 50,000,000 | None |
| Listing category: | Non-Corporate |
| Transaction: | Initial public offering of Units (the "Offering") |
| Listing date: | January 26, 2021 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | January 27, 2021 |
| Posted for trading date: | January 27, 2021 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Temporary market maker: | Independent Trading Group (ITG) Inc. |
| Security ownership registration: | CDS book-entry only system and non-certificated issue. |
| Investor relations: | Kirstin McTaggart Corporate Secretary (416) 943-4065 kmctaggart@ninepoint.com |
| Incorporation: | A closed-end investment fund established as a trust under the laws of the Province of Ontario pursuant to a declaration of trust dated as of January 12, 2021. |
| Manager and Trustee: | Ninepoint Partners LP |
| 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 exposure to digital currency Bitcoin ("Bitcoin") through an institutional-quality platform that is cost-efficient to Unitholders and to provide a secure and exchange-traded investment alternative for buying and holding 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 January 19, 2021, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Disclosure document. |
| Additional information: | The Units trading under the symbol "BITC.U" will be quoted and traded on Toronto Stock Exchange in US funds and trading information regarding "BITC.U" 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 50,000,000 Units (and a minimum of 2,000,000 Units) at a price of US$10.00 or C$12.762 per Unit, are being offered to the public. |
| TSX contact: | Chris Birkett, Managing Director, Toronto Stock Exchange. |
