Exchange Bulletin
Evolve Canadian Utilities Enhanced Yield Index Fund (UTES) To Trade On Toronto Stock Exchange
September 3, 2024
Issuer: Evolve Canadian Utilities Enhanced Yield Index Fund ("Evolve ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Unhedged ETF Units | UTES | 100,000 | None | C$10.00 |
| Listing category: | Non-Corporate |
| Trading currency of Unhedged ETF Units: | CDN$ |
| Transaction: | Initial public offering (the "Offering") of Unhedged ETF Units (the "ETF Units"). |
| Anticipated closing date: | September 3, 2024 |
| Listing date: | September 3, 2024 (as at 5:01 p.m.) in anticipation of closing of the Offering. |
| Posted for trading date: | September 4, 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: |
Elliot Johnson |
| Incorporation: | Exchange traded alternative mutual fund established under the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated as of August 1, 2024. |
| Manager and Trustee: | Evolve Funds Group Inc. |
| Fiscal year end: | December 31 |
| Nature of business: |
Evolve Fund seeks to replicate, to the extent reasonably possible before fees and expenses, up to a 1.25 times multiple of the performance of the Solactive Canada Utility Index, or any successor thereto (the "Index"), while mitigating downside risk. Evolve Fund invests primarily in the equity constituents of the Index. To enhance yield, as well as to mitigate risk and reduce volatility, the Evolve Fund will employ a covered call option writing program at the discretion of the Manager. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Dividends: | Cash distributions of income, if any, on the ETF Units will be paid monthly. |
| Sponsorship: | Not applicable. |
| Offering document: | Prospectus dated August 1, 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: | 100,000 ETF Units will be issued at a subscription price of C$10.00 per ETF Units. Evolve ETF is authorized to issue an unlimited number of ETF Units, each of which represents an equal, undivided interest in the net assets of Evolve ETF and there is no minimum number of ETF Units that may be offered. |
| TSX contact: | Selma Thaver, Managing Director, TSX Listings |