Exchange Bulletin
GuardPath™ Managed Decumulation 2042 Fund (GPMD) To Trade On Toronto Stock Exchange
September 2, 2022
Issuer: GuardPath™ Managed Decumulation 2042 Fund (the "ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| ETF units | GPMD | 100,000 | None | $10.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of ETF units (the "Units") (the "Offering") |
| Listing date: | September 6, 2022 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | September 7, 2022 (prior to the opening) |
| Posted for trading date: | September 7, 2022 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | CIBC World Markets Inc. |
| Investor relations: | Eddy Fung Tel.: (416) 863-8469 efung@guardiancapital.com |
| Incorporation: | The ETF is a mutual fund established under the laws of the province of Ontario on August 30, 2022 pursuant to the terms of a Declaration of Trust. |
| Manager and Trustee: | Guardian Capital LP |
| Fiscal year end: | December 31 |
| Nature of business: | The investment objective of the ETF is to make consistent, high monthly distributions over a twenty (20) year period by investing the ETF's assets in a well-diversified portfolio of assets selected to achieve income generation and preservation of capital while minimizing overall volatility of returns. The ETF is expected to terminate on or about December 31, 2042, but may be terminated earlier at the discretion of the Manager in accordance with the terms of the Declaration of Trust. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Distributions: | Distributions of income, if any, on Units of the ETF will be paid in cash. The ETF intends to make monthly distributions. Distributions on the Units of the ETF will be initially set at $0.80 per Unit per annum ($0.0667 per month). The monthly distribution amounts for the ETF will be set annually in January of each year by the Manager, having regard to net investment performance, and preservation of the asset base. The amount and date of distributions on the ETF Units will be announced in advance by issuance of a press release. |
| Sponsorship: | Not applicable |
| Offering document: | Prospectus dated August 30, 2022, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Initial public offering: | The ETF issues Units on a continuous basis and there is no maximum number of Units that may be issued. Units sold in connection with the Offering of the ETF will amount to 100,000 Units at a price of $10.00 per Unit. |
| TSX contact: | Selma Thaver, Director, TSX Listings |