Exchange Bulletin
Sprott Physical Copper Trust (COP.UN, COP.U) To Trade On Toronto Stock Exchange
June 5, 2024
| Issuer: | Sprott Physical Copper Trust (the "Fund") |
| Security: | Units (the "Units") |
| Symbols: | COP.UN, COP.U |
| Issued and outstanding securities: | Up to 10,000,000 |
| Reserved securities: | 1,500,000 |
| Issue price: | US$10.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ (COP.UN), US$ (COP.U) |
| Transaction: | Initial public offering of Units (the "Offering") |
| Listing date: | June 5, 2024 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | June 6, 2024 |
| Posted for trading date: | June 6, 2024 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Temporary market maker: | Citadel Securities Canada ULC |
| Investor relations: | Glen Williams Managing Partner, Investor and Institutional Client Relations 416-943-4394 gwilliams@sprott.com |
| Incorporation: | The Fund was established under the laws of the Province of Ontario, Canada, pursuant to an initial trust agreement dated April 12, 2024 (as amended and restated by the Trust Agreement). |
| Manager: | Sprott Asset Management LP |
| Trustee: | RBC Investor Services Trust |
| Fiscal year end: | December 31 |
| Nature of business: | The Fund was created to invest and hold substantially all of its assets in Copper. The Fund seeks to provide a secure, convenient and exchange-traded investment alternative for investors interested in holding Copper without the inconvenience that is typical of a direct investment in Copper. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Distributions | The Fund does not anticipate making regular cash distributions to Unitholders. |
| Sponsorship: | Not applicable |
| Disclosure document: | Prospectus dated May 31, 2024, which is available at www.SEDARplus.ca. Capitalized terms not otherwise defined herein are as defined in the Disclosure document. |
| Additional Information: | The Units trading under symbol "COP.U" will be quoted and traded on TSX in US funds and trading information regarding "COP.U" will appear under the heading "Trading in US Funds" in the TSX Monthly Review. |
| Initial public offering: | Pursuant to the terms of the Prospectus, a maximum of 10,000,000 Units (and a minimum of 100 Units) at a price of US$10.00 per Unit, are being offered to the public. In addition, the underwriters have been granted an over-allotment option to purchase up to an additional 1,500,000 Units from treasury at the Offering Price. |
| TSX contact: | Selma Thaver, Managing Director, TSX Listings. |