Exchange Bulletin
Horizons Absolute Return Global Currency ETF (HARC) To Trade On Toronto Stock Exchange
January 13, 2017
Issuer: Horizons Absolute Return Global Currency ETF
| Security | Symbol | CUSIP | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|---|
| Class E units ("Class E Units") | HARC | 44053H 10 6 | 252,500 | None | $20.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of Class E Units (the "Offering") |
| Listing date: | January 16, 2017 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | January 17, 2017 (prior to the opening) |
| Posted for trading date: | January 17, 2017 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | CIBC World Markets Inc. |
| Security ownership registration: | CDS book-entry only system |
| Investor relations: | Martin Fabregas Tel.: (416) 601-2508 mfabregas@horizonsetfs.com |
| Incorporation: | The ETF is an exchange traded mutual fund established under the laws of Ontario on January 4, 2017 pursuant to an amended and restated master declaration of trust. |
| Manager and Trustee: | AlphaPro Management Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The ETF seeks to generate positive absolute returns through long and short exposure to selected global currencies. The ETF will generally hold Canadian short-term fixed-income securities and will primarily use derivative instruments to gain its exposure to selected global currencies. |
| Transfer agent and registrar: | CST Trust Company at its principal office in Toronto. |
| Distributions: | The ETF is not expected to make regular cash distributions. |
| Sponsorship: | Not applicable |
| Offering document: | Prospectus dated January 4, 2017, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Initial public offering: | 252,500 Class E Units will be issued at a subscription price of $20.00 per Unit. The ETF is authorized to issue an unlimited number of Class E Units, each of which represents an equal, undivided interest in the net assets of the ETF. Class E Units of the ETF are being issued and sold on a continuous basis and there is no maximum number of Class E Units that may be issued. |
| TSX contact: | Julie K. Shin, Director, Listed Issuer Services, Toronto Stock Exchange. |