Exchange Bulletin
Desjardins RI Emerging Markets Multifactor - Low CO2 ETF (DRFE) To Trade On Toronto Stock Exchange
Issuer: Desjardins RI Emerging Markets Multifactor - Low CO2 ETF (the "ETF")
Security |
Symbol |
Issued and Outstanding Securities |
Reserved Securities |
Issue Price |
units ("Units") |
DRFE |
150,000 |
None |
$20.00 |
Listing category: |
Non-Corporate |
Trading currency: |
CDN$ |
Transaction: |
Initial public offering of Units (the "Offering") |
Listing date: |
March 6, 2019 (as at 5:01 pm) in anticipation of closing of the Offering. |
Anticipated closing date: |
March 7, 2019 (prior to the opening) |
Posted for trading date: |
March 7, 2019 (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: |
Jay Aizanman Tel.: (514) 350-8686 ext 5572771 jay.aizanman@desjga.com |
Incorporation: |
Exchange traded mutual fund established under the laws of the province of Québec, on August 29, 2018 pursuant to a declaration of trust. |
Manager: |
Desjardins Global Asset Management Inc. |
Trustee: |
Desjardins Trust Inc. |
Fiscal year end: |
December 31 |
Nature of business: |
The ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of an emerging markets index that employs a multifactor approach. Currently, the ETF seeks to replicate the performance of Scientific Beta Desjardins Emerging RI Low Carbon Multifactor Index, net of fees and expenses. Under normal market conditions, the ETF will primarily invest in large and mid-cap companies from the Scientific Beta Emerging Markets Universe while seeking to deliver a significant reduction in the weighted average carbon intensity of ETF's portfolio relative to the cap-weighted Index of the Scientific Beta Emerging Markets Universe and ensuring that all Constituent Issuers meet Pre-Determined ESG Standards. |
Transfer agent and registrar: |
State Street Trust Company Canada at its principal office in Toronto. |
Distributions: |
Cash distributions of income, if any, on Units will be payable at least semi-annually. |
Sponsorship: |
Not applicable |
Offering document: |
Prospectus dated September 10, 2018, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
Initial public offering: |
150,000 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 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: |
Chris Birkett, Director, Toronto Stock Exchange |