Exchange Bulletin
CI U.S. Aggregate Bond Covered Call ETF (CCBD) To Trade On Toronto Stock Exchange
August 2, 2024
Issuer: CI U.S. Aggregate Bond Covered Call ETF ("CI ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Hedged Common Units | CCBD | 50,000 | None | C$20.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering (the "Offering") of Hedged Common Units (the "Units"). |
| Listing date: | August 2, 2024 (as at 5:01 p.m.) in anticipation of closing of the Offering. |
| Anticipated closing date: | August 6, 2024 (prior to the opening). |
| Posted for trading date: | August 6, 2024 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | National Bank Financial Inc. |
| Investor relations: |
Geraldo Ferreira |
| Incorporation: | 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 July 19, 2024, as amended from time to time. |
| Manager: | CI Investments Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | CI ETF's investment objective is to provide Unitholders with (i) regular distributions of income and option premiums; (ii) the opportunity for modest capital appreciation through exposure to U.S. government and high-quality U.S. corporate bonds; and (iii) lower overall volatility of returns on the portfolio than would be experienced by owning a portfolio of securities of such issuers directly, by employing a covered call option writing program. The issuers included in the portfolio, which are based on their market capitalization, may be adjusted based on the Portfolio Manager's view on the liquidity of the issuers and their related call options. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Dividends: | Cash distributions of income, if any, on the Units will be paid monthly. |
| Sponsorship: | Not applicable. |
| Offering document: | Final Prospectus dated July 19, 2024 (the "Prospectus") which is available at www.sedarplus.ca. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Initial public offering: | 50,000 Units will be issued at a subscription price of C$20.00 per 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 being issued and sold on a continuous basis and there is no maximum number of Units that may be issued. |
| TSX contact: | Selma Thaver, Managing Director, TSX Listings |