Exchange Bulletin
Horizons Canadian Dollar Currency ETF (CAN) To Trade On Toronto Stock Exchange
Horizons Canadian Dollar Currency ETF (the “ETF”) - An application has been granted for the original listing in the Non-Corporate Issuer category of 750,001 Class A 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 Monday, May 9, 2016 in anticipation of the Offering closing prior to the opening of business on Tuesday, May 10, 2016. The Units will be posted for trading at the opening of business on Tuesday, May 10, 2016, 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.
Registrations and transfers of Units will be effected through the book-entry only system administered by CDS Clearing and Depository Services Inc. (“CDS”). Beneficial owners of Units will not have the right to receive physical certificates evidencing their ownership of the Units. Units must be purchased, transferred and surrendered for redemption only through a CDS participant.
Additional information on the Units may be found in the final prospectus dated April 28, 2016 (the “Prospectus”), which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus.
| Stock Symbol: "CAN" | CUSIP: 44053E 10 3 | Trading Currency: CDN$ |
| Designated Market Maker: | National Bank Financial Inc. |
| Other Markets: | None |
| Head Office Address: | 26 Wellington Street East Suite 700 Toronto, Ontario M5E 1S2 |
| Website: | www.horizonsetfs.com |
| Email: | info@horizonsetfs.com |
| Head Office Telephone Number: | (416) 933-5745 |
| Fax Number: | (416) 777-5181 |
| Investor Relations: | Martin Fabregas Tel.: (416) 601-2508 Email: mfabregas@horizonsetfs.com |
| Chief Financial Officer: | Julie Stajan |
| Secretary: | McGregor Sainsbury |
| Incorporation: | The ETF is an open-ended mutual fund established under the laws of the Province of Ontario on April 28, 2016 pursuant to an amended and restated master declaration of trust. |
| Manager and Trustee: | Horizons ETFs Management (Canada) Inc. |
| Fiscal Year End: | December 31 |
| Nature of Business: | The ETF seeks to reflect, in Canadian dollars and net of expenses, the performance of the Canadian dollar relative to the U.S. dollar. The ETF will generally hold Canadian dollar denominated cash and will primarily use forward currency agreements and/or futures contracts to seek to deliver the performance of the Canadian dollar relative to the U.S. dollar. |
| Transfer Agent & Registrar: | CST Trust Company at its principal office in Toronto. |
| Distributions and Automatic Reinvestment: | The ETF is not expected to make regular taxable cash distributions. Cash distributions, if any, to Unitholders of the ETF of income earned on cash and Cash Equivalents or the ETF’s derivatives activity, net of fees and expenses, will be made at the discretion of the Manager. Such distributions, if any, to Unitholders of the ETF will be paid in Canadian dollars. To the extent required, the ETF will also make payable, prior to the end of each taxation year, sufficient net income (including net capital gains) that has not previously been paid or made payable so that the ETF will not be liable for ordinary income tax in any given year and such distributions will be automatically reinvested in Units of the ETF or paid in Units of the ETF, in each case which will then be immediately consolidated such that the number of outstanding Units of the ETF held by each Unitholder on such day following the distribution will equal the number of Units of the ETF held by the Unitholder prior to that distribution. In the case of a non-resident Unitholder, if tax has to be withheld in respect of a distribution, the Unitholder’s dealer will invoice or debit the Unitholder’s account directly. |
| Sponsor: | Not Applicable |
| Initial Issuance of Units: | Pursuant to the Prospectus, 750,001 Units will be issued at a subscription price of $10.00 per Unit. |
