Exchange Bulletin
Europe Blue-Chip Dividend & Growth Fund (EBC.UN) To Trade On Toronto Stock Exchange
Europe Blue-Chip Dividend & Growth Fund (the "Fund") - An application has been granted for the original listing in the Industrial category of up to a maximum of 11,500,000 Units of the Fund (the "Units") of which up to 10,000,000 units will be issued and outstanding, and up to 1,500,000 Units will be reserved for issuance upon completion of an initial public offering (the "Offering").
Listing of the Units will become effective at 5:01 p.m. on Thursday, March 20, 2014 in anticipation of the public offering closing on Friday, March 21, 2014. The Units will be posted for trading at the opening on Friday, March 21, 2014.
Registration of interests in and transfers of the Units will be made only through the book-based system administered by CDS Clearing and Depository Services Inc. ("CDS"). All rights of a Unitholder must be exercised through, and all payments or other property to which such Unitholder is entitled will be made or delivered by, CDS and the CDS Participant through which the Unitholder holds such Units. Upon purchase of any Units, the Unitholder will receive only the customary confirmation and will not have the right to receive physical certificates evidencing its ownership in the Units.
Additional information on the Units may be found in the final prospectus dated February 26, 2014 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the final Prospectus.
Stock Symbol: "EBC.UN" | CUSIP: 29876C 10 3 | Trading Currency CDN$ |
Temporary Market Maker: | RBC Capital Markets |
Other Markets: | None |
Head Office Address: | 40 King Street West 26th Floor P.O. Box 4085, Station A Toronto, Ontario M5W 2X6 |
Email: | farooq.moosa@scotiabank.com |
Website: | www.scotiamanagedcompanies.com |
Head Office Telephone Number: | (416) 815-6814 |
Fax Number: | (416) 863-7117 |
Investor Relations: | Brian D. McChesney (416) 863-7711 brian.mcchesney@scotiabank.com -or- Stephen D. Pearce 416-945-4136 stephen.pearce@scotiabank.com |
Chief Financial Officer: | Stephen D. Pearce |
Secretary: | Farooq N.P. Moosa |
Incorporation: | The Fund is a closed-end investment fund established under the laws of the Province of Ontario by a declaration of trust dated February 26, 2014. |
Manager of the Fund: | Scotia Managed Companies Administration Inc. |
Fiscal Year End: | December 31 |
Nature of Business: | The Fund has been established to invest in an equally weighted portfolio comprised of the 20 highest yielding equity securities included in The Europe Dow, a regional index of the Dow Jones Industrial Average ("The Europe Dow"). The Europe Dow measures the stock market performance of 30 leading publicly traded blue-chip companies from Western Europe. |
Transfer Agent & Registrar: | Computershare Investor Services Inc. at its principal office in Toronto. |
Distributions: | The Fund intends to make quarterly distributions to Unitholders of record on the last business day of the months of March, June, September and December. Distributions will be paid on a business day designated by the Trustee that will be on or about the 15th day of the following month. Based on the assumptions set out below, the quarterly distributions are initially estimated to be $0.1500 per Unit ($0.60 per annum) representing an annual yield of 6.00% on the Offering Price. The initial distribution is anticipated to be payable on or about July 15, 2014, to Unitholders of record on June 30, 2014 and will reflect the period from the Closing Date to June 30, 2014. |
Public Offering: | Pursuant to the terms of the Prospectus, a maximum of 10,000,000 Units at a price of $10.00 per Unit (the "Offering Price") are being offered to the public by Scotia Capital Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., TD Securities Inc., Canaccord Genuity Corp., GMP Securities L.P., Raymond James Ltd., Burgeonvest Bick Securities Limited, Desjardins Securities, Inc., Dundee Securities Ltd., Mackie Research Capital Corporation and Manulife Securities Incorporated, as agents. In addition, the agents have 30 days from closing to exercise an over-allotment option for up to an additional 1,500,000 Units at the Offering Price. |