Exchange Bulletin
Global Healthcare Income & Growth Fund (HIG.UN) To Trade On Toronto Stock Exchange
Global Healthcare Income & Growth Fund - An application has been granted for the original listing in the Industrial category of up to a maximum of 17,750,000 unit (“Units’’), of which up to 15,000,000 Units will be issued and outstanding, and up to 2,750,000 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 Wednesday, September 23, 2015 in anticipation of the public offering closing on Thursday, September 24, 2015. The Units will be posted for trading at the opening on September 24, 2015 upon confirmation of closing of the Offering.
Registration of interests in and transfers of the Units will be made through the book-based system of CDS Clearing and Depository Services Inc. (‘‘CDS’’). Units must be purchased, transferred and surrendered for retraction or redemption through a CDS Participant. Beneficial owners of Units will not have the right to receive physical certificates evidencing their ownership of such shares.
Additional information on the Units may be found in the final prospectus dated August 24, 2015 (the “Prospectus”), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.
| Stock Symbol: "HIG.UN" | CUSIP: 37954U 10 1 | Trading Currency: CDN$ |
| Temporary Market Maker: | Questrade Inc. |
| Other Markets: | None |
| Head Office Address: | Bay Wellington Tower Brookfield Place 181 Bay Street, Suite 2930 P.O. Box 150 Toronto, Ontario M5J 2T3 |
| Email Address: | info@bromptongroup.com |
| Website: | www.bromptongroup.com |
| Head Office Telephone Number: | (416) 642-6000 |
| Fax Number: | (416) 642-6001 |
| Investor Relations: | Jason Goletz (416) 642-6008 goletz@bromptongroup.com Christopher Cullen (416) 642-9064 cullen@bromptongroup.com |
| Chief Financial Officer: | Craig T. Kikuchi |
| Corporate Secretary: | Kathryn Banner |
| Incorporation: | The Fund was incorporated under the under the laws of the Province of Ontario pursuant to a declaration of trust dated as of January 1, 2015. |
| Manager: | Brompton Funds Limited |
| Fiscal Year End: | December 31 |
| Nature of Business: | The Fund has been created to provide investors with exposure to an equal-weight portfolio of equity securities of large capitalization global Healthcare Companies. To be considered for inclusion in the Portfolio, at the time of investment and at the time of each periodic reconstitution and rebalancing, each Healthcare Company comprising the Portfolio must (i) have a market capitalization of at least U.S.$5 billion, and (ii) have options in respect of their equity securities listed on a recognized options exchange. |
| Transfer Agent & Registrar: | Equity Financial Trust Company at its principal office in Toronto. |
| Distributions: | The Fund will not have a fixed distribution but intends to pay monthly cash distributions based on, among other things, the actual and expected returns on the Portfolio and the actual and expected expenses of the Fund. Distributions will be paid no later than the 10th Business Day following the end of the month for which the distribution is payable. The initial cash distribution will be payable to Unitholders of record on October 30, 2015 and is expected to be paid on or about November 13, 2015, based on the anticipated Closing Date of September 24, 2015 and will be prorated to reflect the period from the Closing Date to October 30, 2015. The Fund will not have a fixed monthly distribution amount but intends to periodically announce expected monthly distribution levels. The initial distribution target for the Fund is $0.05 per Unit per month representing an initial yield on the Unit subscription price of 6.0% per annum. The amount of monthly distributions may fluctuate from month to month and there can be no assurance as to the amount of the targeted distributions or that the Fund will make any distribution in any particular month. |
| Sponsorship: | Not applicable |
| Public Offering: | Pursuant to the terms of the Prospectus, up to 15,000,000 Units are being offered to the public at a price of $10 per Unit by RBC Dominion Securities Inc., CIBC World Markets Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., TD Securities Inc., GMP Securities L.P., Raymond James Ltd., Canaccord Genuity Corp., Desjardins Securities Inc., Dundee Securities Ltd., Haywood Securities Inc., Industrial Alliance Securities Inc. and Mackie Research Capital Corporation, as agents. |
