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Bulletin de la Bourse
First Asset MSCI International Low Risk Weighted ETF (RWX, RWX.B) inscrit à la Bourse de Toronto
23 août 2017
Issuer: First Asset MSCI International Low Risk Weighted ETF (the "ETF")
| Security: | Symbol | CUSIP | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|---|
| Units | RWX | 31866Q 10 0 | 100,000 | None | C$20.00 |
| Unhedged units | RWX.B | 31866Q 20 9 | 100,000 | None | C$20.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of Units and Unhedged Units (the "Offering") |
| Listing date: | August 24, 2017 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | August 25, 2017 (prior to the opening) |
| Posted for trading date: | August 25, 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: | Z. Edward Akkawi Tel.: (416) 640-4938 Email: eakkawi@firstasset.com |
| Incorporation: | Exchange traded open-ended mutual fund established as a trust under the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated August 3, 2017. |
| Manager and Trustee: | First Asset Investment Management Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The ETF (other than the Unhedged units) has been designed to replicate, to the extent possible, the performance of the MSCI EAFE Risk Weighted Top 175 Index Hedged to CAD, net of expenses. In respect of the Unhedged Units, the ETF has been designed to replicate, to the extent possible, the performance of the MSCI EAFE Risk Weighted Top 175 Index, net of expenses. Under normal market conditions, the First Asset MSCI International Low Risk Weighted ETF invests in large and mid-capitalization equity securities with lower historical return variance and tends to have a bias towards lower size and lower risk stocks. |
| Transfer agent and registrar: | Computershare Trust Company of Canada at its principal office in Toronto |
| Conversion: | Unitholders may convert Units of any class of a First Asset ETF into whole Units of any other class of the same First Asset ETF (the "Converted Units") in any month. No fractional Units will be issued upon conversion. Any remaining fraction of a Converting Unit will be redeemed at its net asset value. |
| Units and Non-Hedged Units: | The primary difference between the currency hedged Units and the Unhedged Units, if any, of a particular First Asset ETF is that the exposure in relation to the Unhedged Units of such First Asset ETF to currencies other than the Canadian dollar will not be hedged back to the Canadian dollar. |
| Distributions | Cash distributions on the Units of the ETF are expected to be made at least quarterly. |
| Sponsorship: | Not applicable |
| Offering document: | Prospectus dated August 3, 2017, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Initial public offering: | 100,000 Units and 100,000 Unhedged Units (collectively, the "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. The 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. |
