Exchange Bulletin
Sprott Energy Opportunities Trust (NRGY.UN) To Trade On Toronto Stock Exchange
December 16, 2016
Issuer: Sprott Energy Opportunities Trust (the "Fund")
| Security | Symbol | CUSIP | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|---|
| Units | NRGY.UN | 85209C 10 3 | 10,000,000 | 1,500,000 | $10.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of Units (the "Offering") |
| Listing date: | December 19, 2016 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | December 20, 2016 |
| Posted for trading date: | December 20, 2016 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Temporary market maker: | Independent Trading Group |
| Security ownership registration: | CDS book-entry system |
| Investor relations: | Kirstin McTaggart (416) 943-4065 kmctaggart@sprott.com |
| Incorporation: | A closed-end investment fund established as a trust under the laws of the Province of Ontario pursuant to a trust agreement dated November 30, 2016. |
| Manager: | Sprott Asset Management LP |
| Trustee: | RBC Investor Services Trust |
| Fiscal year end: | December 31 |
| Nature of business: | The Fund will invest in an actively managed portfolio comprised primarily of equity and equity-related securities of companies that are involved directly or indirectly in the exploration, development, production and distribution of oil, gas, coal, or uranium and other related activities in the energy and resource sector. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Conversion of the Fund: | The Manager currently intends that on or about October 17, 2018, the Fund will, subject to applicable law, which may require Unitholder and/or regulatory approval, convert into an exchange traded mutual fund ("ETF") managed by the Manager or an affiliate. It is the Manager's intention that the ETF will have a similar investment objective and investment strategies to that of the Fund. Notwithstanding the Manager's current intention to convert the Fund into an ETF, the Manager may instead determine, subject to applicable Unitholder and/or regulatory approvals, to merge the Fund on a tax-deferred basis into an ETF or to convert or merge the Fund into an open-end mutual fund. |
| Distributions: | The Fund will not make regular distributions. However, if the Fund has net income for tax purposes, including net realized capital gains, for any taxation year, the Fund will pay one or more special distributions (either in cash and/or Units) in such year to Unitholders as is necessary to ensure that the Fund will not be liable for income tax on such amounts under the Tax Act (after taking into account all available deductions, credits and refunds). If such a distribution is payable in Units, the number of outstanding Units will automatically be consolidated such that each Unitholder will hold, after the consolidation, the same number of Units as the Unitholder held before the distribution, except in the case of a non-resident Unitholder to the extent tax was required to be withheld in respect of the distribution. |
| Sponsorship: | Not applicable |
| Disclosure document: | Prospectus dated December 6, 2016 which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Disclosure document. |
| Initial public offering: | Pursuant to the terms of the Prospectus, a maximum of 10,000,000 Units at a price of $10.00 per Unit, are being offered to the public. |
| TSX contact: | Julie Shin, Director, Listed Issuer Services, Toronto Stock Exchange. |
