Exchange Bulletin
BMO US Aggregate Bond Index ETF (ZUAG, ZUAG.F, ZUAG.U) To Trade On Toronto Stock Exchange
January 24, 2023
Issuer: BMO US Aggregate Bond Index ETF (the "ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| CAD Units | ZUAG | 50,000 | None | CDN $30 |
| Hedged Units | ZUAG.F | 700,000 | None | CDN $30 |
| USD Units | ZUAG.U | 50,000 | None | USD $30 |
| Listing category: | Non-Corporate |
| Trading currency of CAD Units and Hedged Units: | CDN$ |
| Trading currency of USD Units: | USD$ |
| Transaction: | Initial public offering of CAD Units, Hedged Units and USD Units (together, the "Units") (the "Offering"). |
| Anticipated closing date: | January 26, 2023 |
| Listing date: | January 25, 2023 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Posted for trading date: | January 26, 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: | Kevin Gopaul Head of Exchange Traded Funds BMO Asset Management Inc. (416) 359-7635 kevin.gopaul@bmo.com |
| Incorporation: | The ETF is an exchange traded mutual fund established as a trust under the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated January 17, 2023. |
| Manager and Trustee: | BMO Asset Management Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The ETF seeks to replicate, to the extent possible, the performance of a U.S. aggregate bond index, net of expenses. In respect of the Hedged Units, the ETF will also invest in or use derivative instruments to seek to hedge U.S. currency exposure. |
| Transfer agent and registrar: | State Street Trust Company Canada at its principal offices in Toronto. |
| Distributions: | Cash distributions on Units of the ETF are expected to be made on a monthly basis in the currency in which the Units are denominated. |
| Sponsorship: | Not applicable. |
| Offering Document: | Prospectus dated January 17, 2023, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Additional Information: | The USD Units will be quoted and traded on Toronto Stock Exchange in US funds and trading information regarding the USD Units will appear under the heading "Trading in US Funds" in the TSX Monthly Review. |
| Initial public offering: | 50,000 CAD Units will be issued at a subscription price of CDN $30 per CAD Unit, 700,000 Hedged Units will be issued at a subscription price of CDN $30 per Hedged Unit and 50,000 USD Units will be issued at a subscription price of USD $30 per USD Unit. Units are being issued and sold on a continuous basis and there is no maximum number of Units that may be issued. |
| TSX contact: | Selma Thaver, Director, TSX Listings |