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Bulletin de la Bourse
Evolve US Banks Enhanced Yield ETF (CALL, CALL.B) inscrit à la Bourse de Toronto
12 octobre 2017
Issuer: Evolve US Banks Enhanced Yield ETF (the "ETF")
| Security | Symbol | CUSIP | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|---|
| Hedged Units | CALL | 30051C 10 8 | 50,000 | None | C$20.00 |
| Unhedged Units | CALL.B | 30051C 20 7 | 50,000 | None | C$20.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of Hedged Units and Unhedged Units (collectively, the "Units") (the "Offering") |
| Listing date: | October 13, 2017 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | October 16, 2017 (prior to the opening) |
| Posted for trading date: | October 16, 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: | Elliot Johnson Tel: (416) 572-2110 Email: ejohnson@evolvefunds.com |
| Incorporation: | Exchange traded mutual fund trust established under the laws of the Province of Ontario pursuant to a master declaration of trust dated August 4, 2017. |
| Manager and Trustee: | Evolve Funds Group Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The ETF seeks to replicate, to the extent reasonably possible before fees and expenses, the performance of the Solactive Equal Weight US Bank Index Canadian Dollar Hedged, or any successor thereto, while mitigating downside risk. The ETF invests primarily in the equity constituents of the Solactive Equal Weight US Bank Index Canadian Dollar Hedged, or any successor thereto, while writing covered call options on up to 33% of the portfolio securities, at the discretion of the Manager. |
| Transfer agent and registrar: | TSX Trust Company at its principal offices in Toronto |
| Distributions | Cash distributions of income, if any, on Units will be payable on a monthly basis. |
| Additional Information: | Any exposure of the portion of the portfolio of the ETF that is attributable to Unhedged Units may have to foreign currencies will not be hedged back to the Canadian dollar. All or substantially all of the exposure that the portion of the portfolio of an Evolve ETF attributable to the Hedged Units may have to foreign currencies, as applicable, will be hedged back to the Canadian dollar. |
| Sponsorship: | Not applicable |
| Offering document: | Prospectus dated August 4, 2017 which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Initial public offering: | 50,000 Hedged Units and 50,000 Unhedged 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. 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, Listed Issuer Services, Toronto Stock Exchange. |
