Exchange Bulletin
US Premium Cash Management Fund (MUSD.U) To Trade On Toronto Stock Exchange
May 25, 2023
Issuer: US Premium Cash Management Fund ("Evolve ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| USD Unhedged ETF Units | MUSD.U | 25,000 | None | US$100.00 |
| Listing category: | Non-Corporate |
| Trading currency: | US$ |
| Transaction: | Initial public offering (the "Offering") of USD Unhedged ETF Units. |
| Anticipated closing date: | May 25, 2023 |
| Listing Date: | May 26, 2023 subject to confirmation of closing of the Offering. |
| Posted for trading date: | May 29, 2023 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | National Bank Financial Inc. |
| Investor relations: | Elliot Johnson Tel: (416) 558-6661 Email: ejohnson@evolveetfs.com - and - Keith Crone Tel: (416) 697-5152 Email: kcrone@evolveetfs.com |
| Incorporation: | Exchange traded mutual funds established under the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated as of May 18, 2023. |
| Manager and Trustee: | Evolve Funds Group Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | Evolve ETF seeks to maximize current income, while at the same time preserving capital and maintaining liquidity, by investing primarily in U.S. dollar-denominated high-quality short term debt securities (with a term to maturity of 365 days or less). |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Dividends: | Cash distributions of income, if any, on the USD Unhedged ETF Units will be paid monthly. |
| Sponsorship: | Not applicable. |
| Offering document: | Prospectus dated May 18, 2023 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Additional Information: | Participating Organizations should note that all trades in the Evolve ETF will be on a T+1 settlement on a permanent basis. The USD Unhedged ETF Units trading under symbol "MUSD.U" will be quoted and traded on TSX in US funds and trading information regarding "MUSD.U" will appear under the heading "Trading in US Funds" in the TSX Monthly Review. |
| Initial public offering: | 25,000 USD Unhedged ETF Units will be issued at a subscription price of US$100.00 per USD Unhedged ETF Unit. Evolve ETF is authorized to issue an unlimited number of USD Unhedged ETF Units, each of which represents an equal, undivided interest in the net assets of Evolve ETF and there is no minimum number of USD Unhedged ETF Units that may be offered. |
| TSX contact: | Selma Thaver, Managing Director, TSX Listings |