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Exchange Bulletin

Excel Global Balanced Asset Allocation ETF (EXGB) To Trade On Toronto Stock Exchange


May 15, 2017

Issuer: Excel Global Balanced Asset Allocation ETF (the "ETF")

SecuritySymbolCUSIPIssued and Outstanding SecuritiesReserved SecuritiesIssue Price
Class E Units EXGB 30066N 10 7 86,000 None $25.00
Listing category: Non-Corporate
Trading currency: CDN$
Transaction: Initial public offering of Class E Units (the "Offering")
Listing date: May 16, 2017 (as at 5:01 p.m.) in anticipation of closing of the Offering.
Anticipated closing date: May 17, 2017 (prior to the opening)
Posted for trading date: May 17, 2017 (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 only system
Investor relations: Brenda Rego
Tel.: (905) 624-7703
brenda.rego@excelfunds.com
Incorporation: The ETF is an exchange traded mutual fund established under the laws of the Province of Ontario on May 3, 2017 pursuant to a master declaration of trust.
Manager and Trustee: Excel Funds Management Inc.
Fiscal year end: September 30
Nature of business: The investment objective of the ETF is to seek a conservative return over a rolling two to three-year period with controlled volatility by investing, on a direct or indirect basis, in globally listed exchange-traded funds and equity and fixed income securities, regardless of the prevailing market environment.
Transfer agent and registrar: State Street Trust Company Canada at its principal office in Toronto.
Distributions: Cash distributions on Units of the ETF will be made on an annual basis. Distributions are not fixed or guaranteed. The Manager may in its complete discretion, change the frequency or expected amount of these distributions.
Sponsorship: Not applicable
Offering document: Prospectus dated May 3, 2017, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus.
Initial public offering: 86,000 Class E Units will be issued at a subscription price of $25.00 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.