Exchange Bulletin
Horizons Enhanced NASDAQ-100 Covered Call ETF (QQCL) To Trade On Toronto Stock Exchange
October 6, 2023
Issuer: Horizons Enhanced NASDAQ-100 Covered Call ETF (the "ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Class A units (the "Units") |
QQCL | 100,001 | None | C$20.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of the Units (the "Offering") |
| Listing date: | October 10, 2023 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | October 11, 2023 (prior to the opening) |
| Posted for trading date: | October 11, 2023 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | RBC Capital Markets |
| Investor relations: | Naseem Husain Tel.: (416) 933-5745 NHusain@horizonsetfs.com |
| Incorporation: | The ETF is an open-end mutual fund trust established under the laws of Ontario, on September 28, 2023 pursuant to an amended and restated master declaration of trust. The ETF is an "alternative mutual fund" as defined in NI 81-102. |
| Manager and Trustee: | Horizons ETFs Management (Canada) Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The ETF seeks to provide, to the extent reasonably possible and net of expenses: (a) exposure to the performance of an index of the largest domestic and international, non-financial companies listed on the NASDAQ stock market (currently, the NASDAQ-100® Index); and (b) high monthly distributions of dividend income and call option premiums. To generate premiums, the ETF will be exposed to a dynamic covered call option writing program. The ETF will also employ leverage (not to exceed the limits on use of leverage described under "Investment Strategies" in the Prospectus (as defined below)) through cash borrowing and will generally endeavour to maintain a leverage ratio of approximately 125%. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Distributions: | It is anticipated that the ETF will make distributions to its Unitholders on a monthly basis. |
| Sponsorship: | Not applicable |
| Offering document: | Prospectus dated September 28, 2023 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Initial public offering: | 100,001 Units will be issued at a subscription price of C$20.00 per Unit. The ETF is authorized to issue an unlimited number of Units. Units of the ETF are being issued and sold on a continuous basis and there is no maximum number of Units that may be issued. |
| TSX contact: | Selma Thaver, Managing Director, TSX Listings |
