Exchange Bulletin
Brand Leaders Plus Income Fund (HBF.UN) To Trade On Toronto Stock Exchange
Brand Leaders Plus Income Fund (the "Fund") - An application has been granted for the original listing in the Industrial category of up to a maximum of 11,900,000 Class A Units ("Units"), of which up to 10,000,000 Units will be issued and outstanding, and up to 1,900,000 Units will be reserved for issuance upon completion of an initial public offering (the "Offering").
Listing of the Units will become effective at 5:01 p.m. on Wednesday, July 23, 2014, in anticipation of the public offering closing on Thursday, July 24, 2014. The Units, other than those which have not been distributed to the public will be posted for trading at the opening on Thursday, July 24, 2014 upon confirmation of closing.
Registrations 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 retraction only through a CDS Participant. Upon purchase of any Units, the owner will receive only the customary confirmation.
Additional information on the units may be found in the final prospectus dated June 26, 2014 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.
| Stock Symbol: "HBF.UN" | CUSIP: 10526K 10 9 | Trading Currency: CDN$ |
| Temporary Market Maker: | AltaCorp Capital Inc. | |
| Other Markets: | None. | |
| Head Office Address: | 710 Dorval Drive Suite 209 Oakville, ON L6K 3V7 |
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| Email Address: | info@harvestportfolios.com | |
| Website: | www.harvestportfolios.com | |
| Head Office Telephone Number: | (416) 649-4541 | |
| Fax Number: | (416) 649-4542 | |
| Investor Relations: | Michael Kovacs Tel: (416) 402-6884 Email: mkovacs@harvestportfolios.com Townsend Haines Tel: (416) 649-4541 Email: thaines@harvestportfolios.com |
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| Chief Financial Officer: | Townsend Haines | |
| Corporate Secretary: | Michael Kovacs | |
| Incorporation: | The Fund was established under the laws of the Province of Ontario pursuant to a declaration of trust dated June 26, 2014. | |
| Manager of the Fund: | Harvest Portfolios Group Inc. | |
| Fiscal Year End: | December 31 | |
| Nature of Business: | The Fund will invest in an equally-weighted portfolio of Equity Securities of 20 Brand Leaders from the Brand Leaders Investable Universe that have a market capitalization of at least US$10 billion at the time of investment. Brand Leaders Investable Universe means those Brand Leaders that are eligible to have options written on their Equity Securities and where such Equity Securities and options are traded on a North American stock exchange. | |
| Transfer Agent & Registrar: | Equity Financial Trust Company at its principal office in Toronto. | |
| Distributions: | The Fund intends to make monthly cash distributions to Unitholders of record on the last Business Day of each month and pay such cash distributions on or before the 15th day of the following month. Beginning in August 2015, the Fund will annually determine and announce the Indicative Distribution Amount for the following 12 months based upon the prevailing market conditions. The initial Indicative Distribution Amount will be $0.0542 per Unit per month ($0.65 per annum representing an annual cash distribution of 6.5% based on the $10.00 per Unit issue price). The initial cash distribution is anticipated to be payable on or before September 15, 2014 to Unitholders of record on August 29, 2014. | |
| Class U Units: | In addition to the Units, the Fund is offering Class U Units under the Prospectus. The Class U Units are designed for investors who want to make their investment in U.S. dollars and will not be listed on a stock exchange. A holder of Class U Units may convert such Class U Units into Units on a weekly basis and it is expected that liquidity for the Class U Units will be obtained primarily by means of conversion into Units and the sale of such Units. Class U Units may be converted in any week on the first Business Day of such week (the "Conversion Date") by delivering a notice and surrendering such Class U Units no later than 3:00 p.m. (Toronto time) at least five Business Days prior to the applicable Conversion Date. For each Class U Unit so converted, a holder will receive that number of Units equal to the NAV per Class U Unit as at the close of trading on the Business Day immediately preceding the Conversion Date divided by the Net Asset Value per Unit as at the close of trading on the Business Day immediately preceding the Conversion Date. No fraction of a Unit will be issued upon any conversion of Class U Units and any fractional amounts will be rounded down to the nearest whole number of Units. |
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| Public Offering: | Pursuant to the terms of the Prospectus, up to a maximum of 11,500,000 Units and/or unlisted Class U Units (including the overallotment option of 1,500,000 Units) at a price of $10.00 per Unit and U.S.$10.00 per Class U Unit are being offered to the public by CIBC World Markets Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., National Bank Financial Inc., Canaccord Genuity Corp., Desjardins Securities Inc., GMP Securities L.P., Raymond James Ltd., Dundee Securities Ltd., Global Securities Corporation, Industrial Alliance Securities Inc. and Mackie Research Capital Corporation, as agents. |
