Exchange Bulletin
Canadian Crude Oil Index ETF (CCX) To Trade On Toronto Stock Exchange
Canadian Crude Oil Index ETF (the “ETF”) - An application has been granted for the original listing in the Industrial category of 1,005,000 Class A units (the "Units”) of the ETF, all of which will be issued and outstanding upon completion of an initial public offering (the “Offering”).
Listing of the Units will become effective at 5:01 p.m. on Monday, May 11, 2015 in anticipation of the Offering closing prior to the opening of business on Tuesday, May 12, 2015. The Units will be posted for trading at the opening of business on Tuesday, May 12, 2015, upon confirmation of the closing.
The ETF is authorized to issue an unlimited number of Units, each of which represents an equal, 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.
Registrations and transfers of Units will be effected through the book-entry only system administered by CDS Clearing and Depository Services Inc. (“CDS”). Beneficial owners of Units will not have the right to receive physical certificates evidencing their ownership of the Units. Units must be purchased, transferred and surrendered for redemption only through a CDS participant.
Additional information on the Units may be found in the prospectus dated May 1, 2015 (the “Prospectus”), which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus.
| Stock Symbol: "CCX" | CUSIP: 135624 10 4 | Trading Currency: CDN$ |
| Designated Market Maker: | National Bank Financial Inc. |
| Other Markets: | None |
| Head Office Address: | C/o Auspice Capital Advisors Ltd. Suite 301, 615 3rd Avenue SW Calgary, Alberta T2P 0G6 |
| Website: | www.auspicecapital.com |
| Email: | ken@auspicecapital.com |
| Head Office Telephone Number: | 1-888-792-9291 |
| Fax Number: | 1-866-235-0272 |
| Investor Relations: | Ken Corner Tel.: 1-888-792-9291 ext. 704 Email: ken@auspicecapital.com - and - Tim Pickering Tel.: 1-888-792-9291 ext. 3 Email: tim@auspicecapital.com |
| Chief Financial Officer: | Arthur Chan |
| Corporate Secretary: | Kenneth Corner |
| Incorporation: | The ETF is an open-ended mutual fund established under the laws of the Province of Ontario on May 1, 2015 pursuant to a master declaration of trust. |
| Manager and Trustee: | Auspice Capital Advisors Ltd. |
| Fiscal Year End: | December 31 |
| Nature of Business: | The ETF seeks to replicate, to the extent possible, the performance of the Canadian Crude Excess Return Index, net of expenses. The Canadian Crude Excess Return Index is designed to measure the performance of the Canadian crude oil market. |
| Transfer Agent & Registrar: | CST Trust Company at its principal office in Toronto. |
| Distributions and Automatic Reinvestment: | The ETF will distribute sufficient net income (including net capital gains) so that the ETF will not be liable for income tax in any given year. Distributions on Units of the ETF, if any, are expected to be made annually at the end of each year where necessary. All distributions will automatically be reinvested on behalf of each Unitholder in additional Units of the ETF and then consolidated, so that the number of Units outstanding after the distribution is the same as the number of Units before the distribution. The Manager does not anticipate that any material amount of distributions will be made on Units in the current year. Distributions of the ETF are expected to consist primarily of ordinary income. The level of distributions paid by the ETF to its Unitholders will depend upon payments received by the ETF under the Forward Documents. If the Forward Documents are terminated, the level and characterization of distributions paid by the ETF to its Unitholders in respect of the period following such termination will depend on the replacement investment strategy adopted by the ETF. |
| Initial Issuance of Units: | Pursuant to the Prospectus, 1,005,000 Units will be issued at a subscription price of $10.00 per Unit. |
