Search results will open in a new window on

Exchange Bulletin

BMO US Preferred Share Hedged to CAD Index ETF (ZHP) To Trade On Toronto Stock Exchange

February 7, 2017

Issuer: BMO US Preferred Share Hedged to CAD Index ETF

SecuritySymbolCUSIPIssued and Outstanding SecuritiesReserved SecuritiesIssue Price
CAD Units ZHP 09661J 10 9 40,000 None $25.00
Listing category: Non-Corporate
Trading currency: CDN$
Transaction: Initial public offering of CAD Units (the "Offering")
Listing date: February 8, 2017 (as at 5:01 pm) in anticipation of closing of the Offering.
Anticipated closing date: February 9, 2017
Posted for trading date: February 9, 2017 (at the opening) subject to confirmation of closing of the Offering.
Other market(s): None
Designated market maker: BMO Nesbitt Burns Inc.
Security ownership registration: CDS book-entry system
Investor relations: Kevin R. Gopaul
Chief Executive Officer
Corporate Secretary: Benjamin Iraya
Incorporation: The ETF is an exchange traded mutual fund established as a trust under the laws of the Province of Ontario pursuant to a declaration of trust dated as of May 12, 2009, as amended and restated.
Manager and Trustee: BMO Asset Management Inc.
Fiscal year end: December 31
Nature of business: The ETF seeks to replicate, to the extent possible, the performance of the Solactive US Preferred Share Select Hedged to CAD Index (NTR) (the "Index"), net of expenses. The Index measures the U.S. Preferred Share market that pays higher dividends. Eligible securities must be U.S. listed and have a minimum market capitalization of US$100 million.
Transfer agent and registrar: CST Trust Company at its principal office in Toronto.
Distributions: Cash distributions on CAD Units of the ETF are expected to be made monthly.
Sponsorship: Not applicable
Offering document: Prospectus dated January 30, 2017, which is available at Capitalized terms not otherwise defined herein are as defined in the Prospectus.
Initial public offering: 40,000 CAD Units will be issued at a subscription price of $25.00 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. The CAD 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: Julie K. Shin,
Director, Listed Issuer Services,
Toronto Stock Exchange.