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Exchange Bulletin

First Asset Long Duration Fixed Income ETF (FLB) To Trade On Toronto Stock Exchange


May 16, 2016

First Asset Long Duration Fixed Income ETF (the “ETF”) - An application has been granted for the original listing in the Non-Corporate Issuer category of 100,000 redeemable transferable units (the “ETF Units”) of the ETF, all of which will be issued and outstanding, upon the completion of an initial public offering.

Listing of the Units will become effective at 5:01 p.m. on Monday, May 16, 2016 in anticipation of the offering closing prior to the opening of trading on Tuesday, May 17, 2016. The ETF Units will be posted for trading at the opening on Tuesday, May 17, 2016 upon confirmation of the closing.

The ETF is authorized to issue an unlimited number of ETF Units, each of which represents an undivided interest in the net assets of the ETF. The ETF Units are being offered for sale on a continuous basis and there is no maximum number of ETF Units that may be issued.

Registration of interests in, and transfers of, ETF Units will be made only through the book-entry only system of CDS Clearing and Depository Services Inc. (“CDS”). Units of the ETF must be purchased, transferred and surrendered for redemption only through a CDS Participant. Upon buying ETF Units, the owner will receive only the customary confirmation.

Additional information on the ETF Units may be found in the final prospectus of the ETF dated May 4, 2016 (the “Prospectus”) which is available at www.SEDAR.com. Capitalized terms not otherwise defined below are as defined in the Prospectus.

 

Stock Symbol: "FLB" CUSIP: 31866V 10 9 Trading Currency: CDN$

 

Designated Market Maker: RBC Dominion Securities Inc.
Other Markets: None
Head Office Address: 95 Wellington Street West
Suite 1400
Toronto, Ontario M5J 2N7
Email Address: info@firstasset.com
Website: www.firstasset.com
Head Office Telephone Number: (416) 642-1289 or (877) 642-1289
Fax Number: (416) 362-2199
Investor Relations: Z. Edward Akkawi
Tel: (416) 640-4938
Email: eakkawi@firstasset.com
Manager: First Asset Investment Management Inc.
Transfer Agent & Registrar: Computershare Trust Company of Canada at its principal office in Toronto.
Chief Financial Officer: Karen Wagman
Corporate Secretary: Z. Edward Akkawi
Fiscal Year End: December 31
Incorporation: The ETF is an actively managed exchange traded fund established under the laws of the Province Ontario pursuant to pursuant to an amended and restated declaration of trust dated May 4, 2016.
Nature of Business: The ETF seeks to provide Unitholders with: (a) regular distributions; and (b) the opportunity for capital appreciation from the performance of a portfolio comprised primarily of longer dated developed market Canadian and U.S. government issued fixed income securities.
Distributions: Cash dividends, if any, on the ETF Units are expected to be made at least quarterly or more frequently as determined by the Manager. Initially cash distributions are to be paid monthly. The ETF does not have a fixed distribution amount. The amount of ordinary cash distributions of the ETF, if any, will depend upon the distributions received from the securities included in the ETF’s portfolio and may fluctuate from period to period.
Issuance of Shares: Pursuant to the Prospectus, 100,000 ETF Units will be initially issued at a subscription price of $20.00 per Unit.