Exchange Bulletin
Horizons Carbon Credits ETF (CARB) To Trade On Toronto Stock Exchange
February 8, 2022
Issuer: Horizons Carbon Credits ETF (the "ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| ETF Shares | CARB | 500,000 | None | $10.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CAD |
| Transaction: | Initial public offering of ETF Shares (the "Offering") |
| Listing date: | February 9, 2022 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | February 10, 2022 (prior to the opening) |
| Posted for trading date: | February 10, 2022 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | National Bank Financial Inc. |
| Security ownership registration: | CDS book-entry only system |
| Investor relations: | Martin Fabregas Tel.: (416) 601-2508 mfabregas@horizonsetfs.com |
| Incorporation: | Horizons ETF Corp. (the "Company") is a mutual fund corporation established under the federal laws of Canada. The ETF was established on January 26, 2022, in accordance with the articles of incorporation of the Company. The ETF is a separate Corporate Class. The ETF is an alternative mutual fund under Canadian securities laws. |
| Manager: | Horizons ETFs Management (Canada) Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The ETF seeks to replicate, to the extent possible and net of expenses, the performance of an index that seeks to provide exposure to investments in cap-and-trade carbon allowances. Currently, the ETF seeks to replicate the performance of the Horizons Carbon Credits Rolling Futures Index (Excess Return), net of expenses. The ETF seeks to hedge any non-Canadian dollar portfolio exposure back to the Canadian dollar at all times. As a result, the returns of the ETF are expected to differ from those of the of its Underlying Index, which does not include currency hedging. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Distributions: | The Company does not currently intend to pay regular dividends or returns of capital on the ETF Shares of the ETF. |
| Sponsorship: | Not applicable |
| Offering document: | Prospectus dated February 7, 2022, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Initial public offering: | 500,000 ETF Shares will be issued at a subscription price of $10 per ETF Share. ETF Shares of the ETF are being issued and sold on a continuous basis and there is no maximum number of ETF Shares that may be issued. |
| TSX contact: | Selma Thaver, Director, TSX Listings |