Exchange Bulletin
CI U.S. Minimum Downside Volatility Index ETF (CUDV, CUDV.B) To Trade On Toronto Stock Exchange
January 20, 2023
Issuer: CI U.S. Minimum Downside Volatility Index ETF ("CI ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Hedged Common Units | CUDV | 50,000 | None | C$20.00 |
| Unhedged Common Units | CUDV.B | 50,000 | None | C$20.00 |
| Listing category: | Non-Corporate |
| Trading currency | CDN$ |
| Transaction: | Initial public offering (the "Offering") of Hedged Common Units and Unhedged Common Units (collectively, the "Units") |
| Listing date: | January 23, 2023 (as at 5:01 p.m.) in anticipation of closing of the Offering. |
| Anticipated closing date: | January 24, 2023 (prior to the opening). |
| Posted for trading date: | January 24, 2023 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | BMO Nesbitt Burns Inc. |
| Investor relations: | Geraldo Ferreira Senior Vice-President, Investment and Product Management CI Global Asset Management 416-681-7723 gferreira@ci.com |
| Incorporation: | CI ETF is an exchange traded mutual fund for Canadian securities law purposes and is established under the laws of Ontario pursuant to the amended and restated declaration of trust dated December 16, 2022 as amended from time to time. |
| Manager: | CI Investments Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | CI ETF (other than the Unhedged Common Units) has been designed to replicate, to the extent reasonably possible, the performance of the Solactive US Minimum Downside Volatility Hedged to CAD Index NTR, net of expenses, or any successor thereto. In respect of the Unhedged Common Units, the CI ETF has been designed to replicate, to the extent reasonably possible, the performance of the Solactive US Minimum Downside Volatility CAD Index NTR, net of expenses, or any successor thereto. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Distributions: | Cash distributions, if any, on the Units will be paid quarterly. |
| Sponsorship: | Not applicable. |
| Offering document: | Prospectus dated December 16, 2022 (the "Prospectus") which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Initial public offering: | 50,000 Hedged Common Units will be issued at a subscription price of C$20.00 per each Hedged Common Unit and 50,000 Unhedged Common Units will be issued at a subscription price of C$20.00 per each Unhedged Common Unit. CI ETF is authorized to issue an unlimited number of Units, each of which represents an undivided interest in the net assets of CI ETF. The Units of CI ETF are being issued and sold on a continuous basis and there is no maximum number of ETF Units that may be issued. |
| TSX contact: | Selma Thaver, Director, TSX Listings |