Exchange Bulletin
First Trust Tactical Bond Index ETF (FTB) To Trade On Toronto Stock Exchange
First Trust Tactical Bond Index ETF (the "ETF") - An application has been granted for the original listing in the Industrial category of 50,000 units (the "Units") of the ETF, all of which will be issued and outstanding 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 prior to the opening of business on Friday, June 19, 2015. The Units will be posted for trading at the opening of business on, Friday, June 19, 2015 upon confirmation of the closing.
The ETF is authorized to issue an unlimited number of Units, each of which represents an equal, undivided interest in the net assets of the ETF. 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.
Registration of interests in, and transfers of, the Units will be made only through the book-entry only system of CDS Clearing and Depository Services Inc. ("CDS"). Units must be purchased, transferred and surrendered for exchange or redemption only through a CDS Participant. All rights of an owner of Units must be exercised through, and all payments or other property to which such owner is entitled will be made or delivered by, CDS or the CDS Participant through which the owner holds such Units. Upon purchase of any Units, the owner will receive only the customary confirmation and physical certificates evidencing ownership will not be issued.
Additional information on the Units may be found in the prospectus dated June 11, 2015 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus.
| Stock Symbol: "FTB" | CUSIP: 33739D 10 0 | Currency: CDN$ |
| Designated Market Maker: | ITG Canada Corp. |
| Other Markets: | None |
| Head Office Address: | 330 Bay Street Suite 1300 Toronto, Ontario M5H 2S8 |
| Website: | www.firsttrust.ca |
| Email: | fraserhowell@firsttrust.ca |
| Head Office Telephone Number: |
(416) 865-8065 |
| Fax Number: | (416) 865-8058 |
| Investor Relations: | Fraser Howell Tel.: (416) 865-8054 fraserhowell@firsttrust.ca |
| Chief Financial Officer: | James M. Dykas |
| Corporate Secretary: | Fraser Howell |
| Incorporation: | The ETF has been established under the laws of the Province of Ontario on June 11, 2015 pursuant to a master declaration of trust. |
| Manager and Trustee: | FT Portfolios Canada Co. |
| Fiscal Year End: | December 31 |
| Nature of Business: | The ETF seeks to replicate, to the extent possible, the performance of a total return fixed income index (the "Index"), net of expenses. Currently, the ETF seeks to replicate the performance of the NASDAQ IBIS Canadian Preservation Index CAD TRSM, net of expenses. The ETF will invest in and hold the Constituent Securities of the Index in the same proportion as they are reflected in the Index. |
| Transfer Agent & Registrar: | Equity Financial Trust Company, at its principal offices in Toronto. |
| Distributions and Automatic Reinvestment: |
Cash distributions on Units of the ETF will be made monthly. Cash distributions on Units of the ETF are expected to be paid primarily out of dividends or distributions, and other income or gains, received by the ETF less the expenses of the ETF, but may also consist of non-taxable amounts including return of capital, which may be paid in the Manager's sole discretion. To the extent that the expenses of the ETF exceed the income generated by such ETF in any given month, quarter or year, as the case may be, it is not expected that a monthly distribution will be paid. On an annual basis, the ETF will ensure that the net income and net realized capital gains of the ETF have been distributed to Unitholders to such an extent that the ETF will not be liable for ordinary income tax thereon. To the extent that the ETF has not distributed the full amount of its net income or capital gains in any year, the difference between such amount and the amount actually distributed by the ETF will be paid as a "reinvested distribution". Reinvested distributions, net of any required withholding tax, will be reinvested automatically in additional Units at a price equal to the NAV per Unit of the ETF and the Units will be immediately consolidated such that the number of outstanding Units following the distribution will equal the number of Units outstanding prior to the distribution. |
| Initial Issuance of Units: | Pursuant to the Prospectus, Units will be issued and sold on a continuous basis and there will be no maximum number of Units that may be issued. Units sold in connection with the Offering for the ETF will amount to 50,000 Units at a price of $20.00 per Unit. |
