Exchange Bulletin
Purpose Tactical Investment Grade Bond Fund (BND) To Trade On Toronto Stock Exchange
Purpose Tactical Investment Grade Bond Fund (the “Fund”) - An application has been granted for the original listing in the Industrial category of 1,250,000 ETF units (the “ETF Units”) of the Fund, all of which will be issued and outstanding, and none of which will be reserved for issuance upon completion of an initial public offering.
Listing of the ETF Units will become effective at 5:01 p.m. on on Tuesday, October 27, 2015, as the offering will close prior to the opening on Wednesday, October 28, 2015. The ETF Units will be posted for trading at the opening on Wednesday, October 28, 2015 upon confirmation of the closing.
The registration and transfer of ETF Units will be effected through the book-entry only system administered by CDS Clearing and Depository Services Inc. unitholders of the Fund will not have the right to receive physical certificates evidencing their ownership of the ETF Units.
Additional information on the ETF Units may be found in the simplified prospectus dated October 15, 2015 (the “Prospectus”), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.
| Stock Symbol: "BND" | CUSIP: 74640Q 10 3 | Trading Currency: CDN$ |
| Designated Market Maker: | RBC Capital Markets |
| Other Markets: | None |
| Head Office Address: | 130 Adelaide Street West, Suite 1700 P.O. Box 83 Toronto, Ontario M5H 3P5 |
| Website: | www.purposeinvest.com |
| Telephone Number: | (416) 583-3850 |
| Fax Number: | (416) 583-3851 |
| Investor Relations: | Som Seif Tel: (416) 583-3856 info@purposeinvest.com -or- Scott Bartholomew Tel: (416) 583-3857 info@purposeinvest.com |
| Chief Financial Officer: | Scott Bartholomew |
| Corporate Secretary: | Lara Misner |
| Incorporation: | The Fund is a mutual fund trust established as a trust on December 18, 2014 under the laws of the Province of Ontario. |
| Manager: | Purpose Investments Inc. |
| Fiscal Year End: | December 31 |
| Transfer Agent & Registrar: | Equity Financial Trust Company, at its principal office in Toronto. |
| Nature of Business: | The Fund seeks to achieve a positive total return (including through both capital appreciation and distributions) in diverse market environments over time by tactically allocating its assets primarily among a broad range of government and corporate investment grade fixed income securities. |
| Distribution Policy: | The Fund expects to make a distribution each month. Distributions are reinvested in additional ETF Units of the Fund unless the Fund is informed that the unitholder wants them in cash. Distributions are not guaranteed and may change from time to time at the Fund’s discretion. Distributions of any excess income and any excess capital gains are determined annually at the end of December. |
| Sponsorship: | N/A |
| Initial Issuance of Units: | Pursuant to the Prospectus, 1,250,000 ETF Units of the Fund will be initially issued at a subscription price of $20.00 per unit. ETF Units of the Fund will be issued and sold on a continuous basis and there will be no maximum number of ETF Units that may be issued. |
