Exchange Bulletin
First Trust Global DividendSeeker Fund (FDS.UN) To Trade On Toronto Stock Exchange
First Trust Global DividendSeeker Fund (the "Fund") - An application has been granted for the original listing in the Industrial category of up to 11,500,000 Class A Units of the Fund, of which up to 10,000,000 Class A Units will be issued and outstanding and up to 1,500,000 Class A Units will be reserved for issuance upon completion of an initial public offering (the "Offering").
Listing of the Class A Units will become effective at 5:01 p.m. on Friday, February 21, 2014, in anticipation of the Offering closing on Monday, February 24, 2014. The Class A Units will be posted for trading at the opening on February 24, 2014.
Registration of interests in and transfers of the Class A Units will be made only through non-certificated interests issued under the book-entry only system of ("CDS"). Class A Units must be purchased, converted, transferred and surrendered for redemption through a CDS Participant. Upon the purchase of Class A Units, the owner will receive only a customer confirmation.
Additional information on the Class A Units may be found in Fund's final prospectus dated January 30, 2014 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.
Common Units
| Stock Symbol: "FDS.UN" | CUSIP: 33739K 10 4 | Currency CDN$ |
| Temporary Market Maker: | JitneyTrade Inc. |
| Other Markets: | None |
| Head Office Address: | 1 First Canadian Place P.O. Box 150 Toronto, ON M5X 1H3 |
| Head Office Telephone Number: | 1-866-864-7760 |
| Fax Number: | (416) 359-5727 |
| Email: | gloria.lau@bmo.com |
| Website: | www.bmocm.com |
| Investor Relations: | Gloria Lau 1-866-864-7760 Email: admin.dealerservices@bmonb.com |
| Chief Financial Officer: | Peter Hinman |
| Corporate Secretary: | Penelope Muradya |
| Manager of the Fund: | BMO Nesbitt Burns Inc. |
| Incorporation: | The Fund is a closed-end investment fund established as a trust under the laws of the Province of Ontario pursuant to a declaration of trust dated as of January 30, 2014. |
| Fiscal Year End: | December 31 |
| Nature of Business: | The Fund has been created to invest in an approximately equally-weighted portfolio comprised of the 20 highest yielding equity securities included in the Dow Jones Global Select Dividend™ Index (the "Index"). The Index is constructed to represent the stock performance of 100 leading dividend paying companies domiciled in developed-market countries that are selected based on screens for dividend quality and liquidity. |
| Transfer Agent & Registrar: | CST Trust Company, at its principal offices in Toronto. |
| Distributions: | The Fund intends to make monthly distributions to Unitholders of record on the last business day of each month. Distributions will be paid on a business day designated by the Manager that will be on or about the 15th day of the following month. The monthly distributions are initially targeted to be $0.05 per Unit ($0.60 per annum per Unit) representing an annual yield of 6.0% on the issue price. The initial cash distribution of $0.05 is anticipated to be payable on or about May 15, 2014 to Unitholders of record on April 30, 2014, based on an anticipated closing date of February 24, 2014. |
| Conversion of Class F Units into Class A Units: | In addition to the Class A Units, the Fund is offering Class F Units under the Prospectus. The Class F Units are designed for fee-based and/or institutional accounts and will not be listed on a stock exchange. A holder of Class F Units may convert such Class F Units into Class A Units on a monthly basis and it is expected that liquidity for the Class F Units will be obtained primarily by means of conversion into Class A Units and the sale of such Class A Units through the facilities of the TSX. Class F Units may be converted in any month on the first Business Day of such month ("Conversion Date") by delivering a notice and surrendering such Class F Units by 3:00 p.m. (Toronto time) at least five Business Days prior to the applicable Conversion Date. For each Class F Unit so converted, a holder will receive that number of Class A Units that is equal to the NAV per Class F Unit as of the close of trading on the Conversion Date divided by the NAV per Class A Unit as of the close of trading on the Conversion Date. No fractions of a Class A Unit will be issued upon any conversion of Class F Units and any fractional amounts will be rounded down to the nearest whole number of Class A Units. |
| Public Offering: | Pursuant to the terms of the Prospectus, up to a maximum of 10,000,000 Class A Units and/or Class F Units (unlisted) are being offered to the public by BMO Nesbitt Burns Inc., CIBC World Markets Inc., Scotia Capital Inc., TD Securities Inc., National Bank Financial Inc., GMP Securities L.P., Raymond James Ltd., Canaccord Genuity Corp., Burgeonvest Bick Securities Limited, Desjardins Securities Inc., Mackie Research Capital Corporation and Manulife Securities Incorporated, as agents, at a price of $10.00 per Class A Unit and $10.00 per Class F Unit. |
