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Exchange Bulletin

First Asset Enhanced Short Duration Bond ETF (FSB) To Trade On Toronto Stock Exchange

September 8, 2017

Issuer: First Asset Enhanced Short Duration Bond ETF (the "ETF")

SecuritySymbolCUSIPIssued and Outstanding SecuritiesReserved SecuritiesIssue Price
Common units (the "Units") FSB 31866W 10 7 100,000 None C$10.00
Listing category: Non-Corporate
Trading currency Units: CDN$
Transaction: Initial public offering of Units (the "Offering")
Listing date: September 11, 2017 (as at 5:01 pm) in anticipation of closing of the Offering.
Anticipated closing date: September 12. 2017 (prior to the opening)
Posted for trading date: September 12, 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 only system
Investor relations: Z. Edward Akkawi
Tel.: (416) 640-4938
Incorporation: Exchange traded mutual fund trust established under the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated August 21, 2017.
Manager and Trustee: First Asset Investment Management Inc.
Fiscal year end: December 31
Nature of business: The ETF seeks to provide absolute returns through interest income and capital gains and its risk objective is to have very low volatility and positive returns over any twelve month period. The ETF will primarily invest in debt instruments across the credit spectrum including cash, government debt, investment-grade corporate debt, high-yield corporate debt, government debt futures, convertible debentures and credit derivatives.
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
Distributions Cash distributions of income on the Units are expected to be made monthly.
Additional Information: At least 90% of the non-Canadian currency exposure attributable to the Units will be hedged to the Canadian dollar.
Sponsorship: Not applicable
Offering document: Prospectus dated August 21, 2017, which is available at Capitalized terms not otherwise defined herein are as defined in the Prospectus.
Initial public offering: 100,000 Units will be issued at a subscription price of $10.00 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.