Bulletin de la Bourse
Purpose Gold Bullion Fund (KILO) inscrit à la Bourse de Toronto
Issuer: Purpose Gold Bullion Fund (the "Fund")
Security |
Symbol |
Issued and Outstanding Securities |
Reserved Securities |
Issue Price |
ETF units |
KILO |
50,000 |
None |
C$20.00 |
ETF non-currency hedged units |
KILO.B |
50,000 |
None |
C$20.00 |
U.S. dollar denominated ETF non-currency hedged units |
KILO.U |
50,000 |
None |
US$20.00 |
Listing category: |
Non-Corporate |
Trading currency: ETF units and ETF non-currency hedged units |
CDN$ |
Trading currency – U.S. dollar denominated ETF non-currency hedged units |
US$ |
Transaction: |
Initial public offering of ETF units, ETF non-currency hedged units and U.S. dollar denominated ETF non-currency hedged units (collectively, the "ETF Units") (the "Offering") |
Listing date: |
October 30, 2018 (as at 5:01 p.m.) in anticipation of closing of the Offering. |
Anticipated closing date: |
October 30, 2018 |
Posted for trading date: |
October 31, 2018 (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 and Non-Certificated Issue |
Investor relations: |
Som Seif Tel: (416) 583-3856 info@purposeinvest.com - and- Scott Bartholomew Tel: (416) 583-3857 info@purposeinvest.com |
Incorporation: |
The Fund is a mutual fund established as a trust under the laws of the Province of Ontario pursuant to an amended and restated master declaration of trust dated October 15, 2018. |
Manager: |
Purpose Investments Inc. |
Fiscal year end: |
December 31 |
Nature of business: |
The Fund has been created to buy and hold substantially all of its assets in gold bullion and, incidental thereto, minor amounts of gold certificates, if any. |
Transfer agent and registrar: |
TSX Trust Company at its principal office in Toronto. |
Currency Hedging: |
The foreign currency exposure of the portion of the Fund's portfolio attributable to the ETF non-currency hedged units and U.S. dollar denominated ETF non-currency hedged units will not be hedged back to the Canadian dollar. Investors who purchase the ETF non-currency hedged units of the Fund in Canadian dollars will be exposed to the return on an investment in Bullion as well as variations in the U.S. dollar/Canadian dollar exchange rate. |
Dividends: |
The Fund expects to make distributions annually, if any. |
Sponsorship: |
Not applicable |
Offering document: |
Simplified Prospectus and Annual Information Form both dated October 15, 2018 (the "Offering Documents"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Offering Documents. |
Additional Information: |
The U.S. dollar denominated ETF non-currency hedged units will be quoted and traded on Toronto Stock Exchange in US funds and trading information regarding the U.S. dollar denominated ETF non-currency hedged units will appear under the heading "Trading in US Funds" in the TSX Monthly Review. |
Initial public offering: |
50,000 ETF units and 50,000 ETF non-currency hedged units will be issued at a subscription price of C$20.00 per ETF unit and ETF non-currency hedged unit and 50,000 U.S. dollar denominated ETF non-currency hedged units will be issued at a subscription price of US$20.00 per U.S. dollar denominated ETF non-currency hedged unit 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, Managing Director, Toronto Stock Exchange |