Exchange Bulletin
Purpose USD Cash Management Fund (MNU.U) To Trade On Toronto Stock Exchange
April 25, 2023
Issuer: Purpose USD Cash Management Fund (the "Purpose ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| U.S. dollar denominated ETF non-currency hedged units | MNU.U | 100,000 | None | US$100.00 |
| Listing category: | Non-Corporate |
| Trading currency: | US$ |
| Transaction: | Initial public offering (the "Offering") of U.S. dollar denominated ETF non-currency hedged units (the "US$ ETF Units") |
| Listing date: | April 26, 2023 (as at 5:01 p.m.) in anticipation of closing of the Offering. |
| Anticipated closing date: | April 27, 2023 (prior to the opening) |
| Posted for trading date: | April 27, 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: | Vladimir Tasevski Chief Operating Officer Tel: 416 871-6454 vladt@purposeinvest.com |
| Incorporation: | A mutual fund established as a trust under the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated as of April 14, 2023 |
| Manager: | Purpose Investments Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The Purpose ETF seeks to earn a high rate of U.S. dollar income, while at the same time preserving capital and maintaining liquidity, by investing primarily in high-quality debt securities denominated in U.S. dollars, generally maturing in not more than one year. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Additional information: | Participating Organizations should note that all trades in the Purpose ETF will be on a T+1 settlement on a permanent basis. The US$ ETF Units will be quoted and traded on Toronto Stock Exchange in US funds and trading information regarding the US$ ETF Units will appear under the heading "Trading in US Funds" in the TSX Monthly Review. |
| Dividends: | The Purpose ETF expects to make distributions monthly, if any. |
| Sponsorship: | Not applicable |
| Disclosure document: | Simplified prospectus dated April 14, 2023, (the "Disclosure Document") which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Disclosure Document. |
| Initial public offering: | 100,000 US$ ETF Units will be issued at a subscription price of US$100.00 per US$ ETF Unit. The US$ ETF Units of the Purpose ETF are being issued and sold on a continuous basis and there is no maximum number of US$ ETF Units that may be issued. |
| TSX contact: | Selma Thaver, Managing Director, TSX Listings |