Exchange Bulletin
PowerShares Low Volatility Portfolio ETF (PLV) To Trade On Toronto Stock Exchange
PowerShares Low Volatility Portfolio ETF (the “PowerShares ETF”) - An application has been granted for the original listing in the Industrial category of CAD 50,000 units (the “Units”) all of which will be issued and outstanding, upon the completion of an initial public offering (the “Offering”).
Listing of the Units will become effective at 5:01 p.m. on Tuesday, May 5, 2015 in anticipation of the offering closing prior to the opening on Wednesday, May 6, 2015. The Units will be posted for trading at the opening on May 6, 2015 upon confirmation of the closing.
The PowerShares ETF is authorized to issue an unlimited number of Units each of which represents an equal, undivided interest in the assets of the PowerShares ETF. Units of the PowerShares ETF are being issued and sold on a continuous basis and there is no maximum number that may be issued.
Registration of interests in, and transfers of, the Units will be made only through the book-entry only system of CDS Clearing and Depository Services Inc. (“CDS”). Units must be purchased, transferred and surrendered for exchange or redemption only through a CDS Participant. Beneficial owners will not have the right to receive physical certificates evidencing their ownership.
Additional information on the Units may be found in the final prospectus of the ETF dated April 17, 2015 the “Prospectus”) which is available at www.SEDAR.com. Capitalized terms not otherwise defined below are as defined in the Prospectus.
CAD Units
| Stock Symbol: "PLV" | CUSIP: 73939E 10 2 | Trading Currency: CDN$ |
| Designated Market Maker: | RBC Capital Markets |
| Other Markets: | None |
| Head Office Address: | 5140 Yonge Street Suite 800 Toronto, ON M2N 6X7 |
| Email Address: | inquiries@invesco.ca |
| Website Address: | www.powershares.ca |
| Head Telephone Number: | (416) 590-9855 |
| Fax Number: | (416) 590-9868 |
| Investor Relations: | Aysha Mawani (416) 324-7712 aysha.mawani@invesco.com |
| Manager: | Invesco Canada Ltd. |
| Transfer Agent & Registrar: | CST Trust Company at its principal office in Toronto. |
| Chief Financial Officer: | David C. Warren |
| Secretary: | Eric J. Adelson |
| Fiscal Year End: | December 31 |
| Incorporation: | The PowerShares ETF was established under the laws of the Province of Ontario on April 10, 2015 pursuant to a master declaration of trust executed by Invesco Canada Ltd., as trustee. |
| Nature of Business: | The PowerShares ETF seeks to generate capital growth and modest income over the long term by investing, directly or indirectly, primarily in global equity securities and fixed-income securities. |
| Distributions and Automatic Reinvestment: | Cash distributions will be paid on a monthly basis. Cash distributions consist primarily of income but may, include capital gains and/or returns of capital. Capital gains distributions, if any, will be paid annually and, net of taxes required to be withheld, will be automatically reinvested in additional Units. Immediately following such reinvestment, the number of Units outstanding will be consolidated so that the NAV per Unit following the capital gains distribution and reinvestment is the same as it would have been if the distribution had not been paid. |
| Initial Issuance of Units: | Pursuant to the Prospectus 50,000 Units will be issued at a price of $20.00 per Unit. |
