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Exchange Bulletin

Big Pharma Split Corp. (PRM, PRM.PR.A) To Trade On Toronto Stock Exchange


November 22, 2017

Issuer: Big Pharma Split Corp. (the "Company")

SecuritySymbolCUSIPIssued and Outstanding SecuritiesReserved SecuritiesIssue Price
Class A Shares PRM 08934P 10 8 Up to 4,000,000 Up to 600,000 C$15.00
Preferred Shares PRM.PR.A 08934P 20 7 Up to 4,000,000 Up to 600,000 C$10.00
Listing category: Non-Corporate
Trading currency: CDN$
Transaction: Initial public offering of Class A shares and Preferred shares (the "Offering")
Listing date: November 23, 2017 (as at 5:01 pm) in anticipation of closing of the Offering.
Anticipated closing date: November 24, 2017 (prior to the opening)
Posted for trading date: November 24, 2017 (at the opening) subject to confirmation of closing of the Offering.
Other market(s): None
Temporary market maker: Independent Trading Group
Security ownership registration: CDS book-entry only system
Investor relations: David Balsdon
Tel: (416) 649-4541
Email: info@harvestportfolios.com 
Incorporation: The Company is a mutual fund corporation incorporated under the laws of the Province of Ontario on September 15, 2017.
Manager: Harvest Portfolios Group Inc.
Fiscal year end: December 31
Nature of business: The Company will invest in an initially equally-weighted portfolio (the "Portfolio") comprised of Equity Securities of ten issuers, selected by the Portfolio Manager from the Investable Universe, that at the time of investment and immediately following each semi-annual reconstitution and rebalancing: (i) are listed on a North American exchange; (ii) pay a dividend; and (iii) have options in respect of its Equity Securities that, in the opinion of the Portfolio Manager, are sufficiently liquid to permit the Portfolio Manager to write options in respect of such securities. The Portfolio will be comprised primarily of the largest (as determined by market capitalization calculated in US$) Pharmaceutical Issuers in the Investable Universe.
Transfer agent and registrar: TSX Trust Company at its principal offices in Toronto.
Distributions: Class A Shares: The Company will pay monthly non-cumulative distributions to the holders of Class A Shares in the amount of $0.1031 per Class A Share, subject to certain conditions.
 
Preferred Shares: Holders of record of Preferred Shares on the last Business Day of each of March, June, September and December will be entitled to receive fixed, cumulative preferential quarterly cash distributions equal to $0.125 per Preferred Share. On an annualized basis, this would represent a yield on the Preferred Share offering price of 5.0%. The first distribution will be prorated to reflect the period from the Closing Date to December 31, 2017.
Sponsorship: Not applicable
Offering document: Prospectus dated October 27, 2017 which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus.
Initial public offering: Pursuant to the terms of the Prospectus, up to 4,000,000 Class A Shares at a subscription price of $15.00 per Class A Share and up to 4,000,000 Preferred Shares at a subscription price of $10.00 per Preferred Share, are being offered to the public. In addition, the Company has granted to the Agents an over-allotment option pursuant to which the Agents may purchase up to an additional 600,000 Class A Shares and up to 600,000 Preferred Shares at a subscription price of $15.00 per Class A Share and $10.00 per Preferred Share.
TSX contact: Julie K. Shin,
Listed Issuer Services,
Toronto Stock Exchange.