Exchange Bulletin
Caldwell U.S. Dividend Advantage Fund (UDA.UN) To Trade On Toronto Stock Exchange
Caldwell U.S. Dividend Advantage Fund (the "Fund") - An application has been granted for the original listing in the Industrial category of up to a maximum of 14,375,000 Units of the Fund, of which up to 12,500,000 Units will be issued and outstanding and up to 1,875,000 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 Thursday, June 18, 2015 in anticipation of the Offering closing on Friday, June 19, 2015. The Units will be posted for trading at the opening on June 19, 2015.
Registration of interests in and transfers of the Units will be effected through the book-entry only system maintained by CDS Clearing and Depository Services Inc. ("CDS"). Units must be purchased, transferred and surrendered for redemption through a CDS Participant. Upon the purchase of Units, the owner will receive only a customer confirmation.
Additional information on the Units may be found in the Fund's final prospectus dated May 28, 2015 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.
| Stock Symbol: "UDA.UN" | CUSIP: 129247 10 2 | Trading Currency: CDN$ |
| Temporary Market Maker: | Independent Trading Group |
| Other Markets: | None |
| Head Office Address: | 150 King Street West Suite 1702, P.O. Box 47 Toronto, ON M5H 1J9 |
| Email Address: | investorrelations@caldwellinvestment.com |
| Website: | www.caldwellinvestment.ca |
| Head Office Telephone Number: | (416) 593-1798 |
| Fax Number: | (416) 862-2498 |
| Chief Financial Officer, Corporate Secretary & Chief Compliance Officer: |
Sally Haldenby-Haba |
| Investor Relations: | Brendan Caldwell President and Chief Executive Officer (416) 593-1798 bcaldwell@caldwellsecurities.com |
| Manager: | Caldwell Investment Management Ltd. |
| Incorporation: | The Fund is a closed-end investment fund established as a trust under the laws of the Province of Ontario pursuant to a declaration of trust dated May 28, 2015. |
| Fiscal Year End: | December 31 |
| Nature of Business: | The Fund has been created to invest in an actively managed portfolio (the "Portfolio") comprised primarily of U.S. dividend paying equity securities that exhibit a combination of low current volatility and high profitability and are expected by the Manager to significantly benefit from the current U.S. economic expansion. The investment objectives of the Fund are to provide holders of Units with: (i) monthly cash distributions; and (ii) the potential for capital appreciation and enhanced long-term risk adjusted returns. |
| Transfer Agent & Registrar: | CST Trust Company, at its principal offices in Toronto. |
| Distributions: | The Fund will not have a fixed distribution but in accordance with the Fund's investment objectives intends to pay monthly cash distributions based on, among other things, the actual and expected returns on the Portfolio. The Manager will at least annually determine an indicative distribution amount for the year based upon the prevailing market conditions and an estimate of distributable cash flow from the Portfolio for such year. The Fund intends to make monthly distributions to Unitholders of record on the last Business Day of each month (each, a "Distribution Record Date"). Distributions will be paid on a Business Day designated by the Manager that will be on or about the 15th day of the month following the Distribution Record Date. The monthly distributions are initially estimated to be $0.05 per Unit ($0.60 per annum per Unit) representing an annual yield of 6.0% on the $10.00 per Unit issue price. The initial cash distribution is anticipated to be payable on or about August 14, 2015 to Unitholders of record on July 31, 2015, based on an anticipated closing date of June 19, 2015. |
| Public Offering: | Pursuant to the terms of the Prospectus, up to a maximum of 12,500,000 Units at a price of $10.00 per Unit are being offered to the public by RBC Dominion Securities Inc., CIBC World Markets Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., GMP Securities L.P., Raymond James Ltd., Canaccord Genuity Corp., Caldwell Securities Ltd., Desjardins Securities Inc., Industrial Alliance Securities Inc., Mackie Research Capital Corporation, Manulife Securities Inc., Euro Pacific Canada Inc. and Kernaghan & Partners Ltd., as agents. |
