Exchange Bulletin
Real Asset Income and Growth Fund (RAI.UN) To Trade On Toronto Stock Exchange
Real Asset Income and Growth Fund (the “Fund”) - An application has been granted for the original listing in the Industrial category of up to 27,375,000 Class A Units (the "Units"), of which up to 12,500,000 Units will be issued and outstanding, and up to 14,875,000 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 Tuesday, May 26, 2015, in anticipation of the public offering closing on Wednesday, May 27, 2015. The Units will be posted for trading at the opening on Wednesday, May 27, 2015 upon confirmation of closing.
Registration of interests in, and transfers of, the Units will be made only through non-certificated interests issued under the Book-Entry Only System of CDS Clearing and Depository Services Inc. (“CDS”). Units must be purchased, converted, transferred and surrendered for redemption through a CDS Participant. Upon purchase of any Units, the Unitholder will receive only a customer confirmation.
Additional information on the Units may be found in the final prospectus dated April 27, 2015 (the “Prospectus”), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.
| Stock Symbol: "RAI.UN" | CUSIP: 755841 10 3 | Trading Currency: CDN$ |
| Market Maker: | Independent Trading Group |
| Other Markets: | None |
| Head Office Address: | 1 Adelaide Street East Suite 600 Toronto, Ontario M5C 2VA |
| Email Address: | info@fieracapital.com |
| Website Address: | www.fieracapital.com |
| Head Office Telephone Number: | (416) 601-9898 |
| Investor Relations: | Krista Matheson Senior Vice President, Retail Markets (416) 955-4929 info@fieracapital.com |
| Chief Financial Officer: | Marcel Larochelle |
| Corporate Secretary: | Violaine Des Roches |
| Incorporation: | The Fund is a closed-end investment trust established under the laws of the Province of Ontario pursuant to a declaration of trust dated April 27, 2015. |
| Manager of the Fund: | Fiera Capital Corporation |
| Fiscal Year End: | December 31 |
| Nature of Business: | The Fund has been created to invest on an actively managed basis across the capital structure of global Real Asset-Related Issuers. The portfolio of the Fund will be comprised primarily of publicly traded securities of issuers with significant exposure to income producing physical assets in the infrastructure and real estate sectors. |
| Transfer Agent & Registrar: | Computershare Investor Services Inc. at its principal office in Toronto. |
| Distributions: | The Fund intends to make monthly cash distributions to Unitholders of record on the last Business Day of each month. Distributions will be paid on a Business Day designated by the Manager that will be no later than the 15th day of the following month. The Fund will not have a fixed monthly distribution amount but intends to at least annually in December each year determine and announce expected monthly distributions for the following calendar year based on the Manager’s and Portfolio Manager’s estimate of distributable cash flow in the Fund. Based on the Manager’s current estimates, the initial monthly cash distribution target for the Fund is $0.04167 per Unit per month ($0.50 per annum). The initial cash distribution will be payable to Unitholders of record on June 30, 2015, based on an anticipated Closing Date of May 27, 2015. |
| Class U Units: | In addition to the Units, the Fund is offering Class U Units under the Prospectus. The Class U Units are designed for investors who want to make their investment in U.S. dollars and will not be listed on a stock exchange. A holder of Class U Units may convert such Class U Units into Units on a monthly basis and it is expected that liquidity for the Class U Units will be obtained primarily by means of conversion into Units and the sale of such Units. Class U Units may be converted in any month on the first Business Day of such month (the “Conversion Date”) by delivering a notice and surrendering such Class U Units no later than 3:00 p.m. (Toronto time) at least five Business Days prior to the applicable Conversion Date. For each Class U Unit so converted, a holder will receive that number of Units that is equal to the NAV per Class U Unit (expressed in Canadian dollars based on the Conversion Exchange Rate) as of the close of trading on the Conversion Date divided by the NAV per Unit as of the close of trading on the Conversion Date. No fractions of a Unit will be issued upon any conversion of Class U Units and any fractional amounts will be rounded down to the nearest whole number of Units. |
| Public Offering: | Pursuant to the terms of the Prospectus, up to a maximum of 14,375,000 Units and/or unlisted Class U Units (including the overallotment option of 1,875,000 Units) at a price of $10.00 per Unit are being offered to the public by CIBC World Markets Inc., RBC Dominion Securities Inc., National Bank Financial Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., TD Securities Inc., GMP Securities L.P., Raymond James Ltd., Desjardins Securities Inc., Canaccord Genuity Corp., Dundee Securities Ltd., Mackie Research Capital Corporation and Manulife Securities Incorporated. |
