Exchange Bulletin

Horizons Laddered Canadian Preferred Share Index ETF (HLPR) To Trade On Toronto Stock Exchange

February 25, 2019

Issuer: Horizons Laddered Canadian Preferred Share Index ETF



Issued and Outstanding Securities

Reserved Securities

Issue Price

Class A units ("Class A Units")





Listing category:


Trading currency:



Initial public offering of Class A Units (the "Offering")

Listing date:

February 26, 2019 (as at 5:01 pm) in anticipation of closing of the Offering.

Anticipated closing date:

February 27, 2019 (prior to the opening)

Posted for trading date:

February 27, 2019 (at the opening) subject to confirmation of closing of the Offering.

Other market(s):


Designated market maker:

National Bank Financial Inc.

Security ownership registration:

CDS book-entry only system

Investor relations:

Martin Fabregas

Tel.: (416) 601-2508


The ETF is an open-end mutual fund trust established under the laws of Ontario, on January 17, 2019 pursuant to an amended and restated master declaration of trust.

Manager and Trustee:

Horizons ETFs Management (Canada) Inc.

Fiscal year end:

December 31

Nature of business:

The ETF seeks to replicate, to the extent possible, the performance of the Solactive Laddered Canadian Preferred Share Index (Total Return), net of expenses. The Solactive Laddered Canadian Preferred Share Index (Total Return) is an index of Canadian preferred shares that generally have an adjustable dividend rate.

Transfer agent and registrar:

TSX Trust Company at its principal office in Toronto.


The ETF will not make regular distributions.


Not applicable

Offering document:

Prospectus dated January 17, 2019, which is available at Capitalized terms not otherwise defined herein are as defined in the Prospectus.

Initial public offering:

1,000,001 Class A Units will be issued at a subscription price of $20.00 per Unit. The ETF is authorized to issue an unlimited number of Class A Units, each of which represents an equal, undivided interest in the net assets of the ETF. Class A Units of the ETF are being issued and sold on a continuous basis and there is no maximum number of Class A Units that may be issued.

TSX contact:

Chris Birkett, Director, Toronto Stock Exchange