Exchange Bulletin
First Asset U.S. Buyback Index ETF (FBU) To Trade On Toronto Stock Exchange
Issuer: First Asset U.S. Buyback Index ETF
Security | Symbol | CUSIP | Issued and Outstanding Securities | Reserved Securities | Issue Price |
---|---|---|---|---|---|
Redeemable, Transferable Units (the "Units") | FBU | 31867A 10 4 | 50,000 | None | $20.00 |
Listing category: | Non-Corporate |
Trading currency: | CDN$ |
Transaction: | Initial public offering of Units (the "Offering") |
Listing date: | September 12, 2016 (as at 5:01 pm) in anticipation of closing of the Offering. |
Anticipated closing date: | September 12, 2016 |
Posted for trading date: | September 13, 2016 (at the opening) subject to confirmation of closing of the Offering. |
Other market(s): | None |
Designated market maker: | National Bank Financial Inc. |
Security ownership registration: | CDS book-entry system |
Investor relations: | Z. Edward Akkawi Tel.: (416) 640-4938 eakkawi@firstasset.com |
Incorporation: | Exchange traded open-ended mutual fund established under the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated August 22, 2016. |
Manager and Trustee: | First Asset Investment Management Inc. |
Fiscal year end: | December 31 |
Nature of business: | The ETF has been designed to replicate the performance of the CIBC U.S. Buyback Index, net of expenses. The ETF invests primarily in equity securities of issuers included in the S&P 500® Index. |
Transfer agent and registrar: | Computershare Trust Company of Canada at its principal office in Toronto. |
Distributions | Cash distributions on Units of the ETF will be made at least quarterly or more frequently as determined by the Manager in its discretion. |
Sponsorship: | Not applicable |
Offering document: | Prospectus dated August 22, 2016 which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
Initial public offering: | 50,000 Units will be issued at a subscription price of $20.00 per Unit. 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. |
TSX contact: | Martine Valcin, Director, Listed Issuer Services, Toronto Stock Exchange. |