Exchange Bulletin

Evolve Slate Global Real Estate Enhanced Yield Fund (BILT) To Trade On Toronto Stock Exchange

September 20, 2022

Issuer: Evolve Slate Global Real Estate Enhanced Yield Fund (the "Evolve ETF")

SecuritySymbolIssued and Outstanding SecuritiesReserved SecuritiesIssue Price
Canadian dollar denominated hedged ETF units ("Hedged Units") BILT 50,000 None $20.00
Listing category: Non-Corporate
Trading currency CDN$
Transaction: Initial public offering of Hedged Units (the "Offering")
Listing date: September 21, 2022 (as at 5:01 p.m.) in anticipation of closing of the Offering.
Anticipated closing date: September 22, 2022 (prior to the opening)
Posted for trading date: September 22, 2022 (at the opening) subject to confirmation of closing of the Offering.
Other market(s): None
Designated market maker: National Bank Financial Inc.
Investor relations: Elliot Johnson
Chief Investment Officer and Chief Operating Officer
(416) 558-6661
Keith Crone
Executive Vice-President, Head of Marketing
(416) 697-5152
Incorporation: The Evolve ETF is a mutual fund established under the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated as of September 13, 2022
Manager and Trustee: Evolve Funds Group Inc.
Fiscal year end: December 31
Nature of business: The Evolve ETF seeks to provide a recurring income level consistent with the underlying rental income derived from properties owned by the publicly listed real estate issuers held by the Evolve ETF. The Evolve ETF targets a yield return in excess of the yield return of the FTSE EPRA/NAREIT Developed Index. The Evolve ETF aims to achieve a level of volatility which is lower than the volatility of the FTSE EPRA/NAREIT Developed Index measured by using the standard deviation of returns. The expected return will be derived from the yield return but also from capital appreciation and potentially other yield enhancing strategies.
Transfer agent and registrar: TSX Trust Company at its principal office in Toronto.
Dividends: Cash distributions of income, if any, on the Hedged Units will be paid monthly.
Sponsorship: Not applicable.
Offering document: Prospectus dated September 13, 2022 (the "Prospectus"), which is available at Capitalized terms not otherwise defined herein are as defined in the Prospectus.
Initial public offering: 50,000 Hedged Units will be issued at a subscription price of $20.00 per Hedged Unit. The Evolve ETF is authorized to issue an unlimited number of Hedged Units, each of which represents an equal, undivided interest in the net assets of the Evolve ETF and there is no minimum number of Hedged Units that may be offered.
TSX contact: Selma Thaver,
TSX Listings