Exchange Bulletin
SavvyLong Geared Crude Oil ETF (CLUP) To Trade On Toronto Stock Exchange
November 29, 2024
Issuer: SavvyLong Geared Crude Oil ETF (the "ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| ETF Shares | CLUP | 325,000 | None | $20.80 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of the ETF Shares (the "Offering") |
| Anticipated closing date: | November 29, 2024 |
| Listing date: | November 29, 2024 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Posted for trading date: | December 2, 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: | Myron Genyk Tel.: (647) 612-0278 myron@longpointetfs.com |
| Incorporation: | LongPoint ETF Corp. (the "Company") is a mutual fund corporation established under the federal laws of Canada. The ETF was established on August 16, 2024 in accordance with the articles of incorporation of the Company. The ETF is a separate Corporate Class. The ETF is an open-ended alternative mutual fund under applicable securities legislation. |
| Manager: | LongPoint Asset Management Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The ETF seeks daily investment results, that endeavour to correspond, before fees, expenses, distributions, brokerage commissions and other transaction costs, to up to two times (2X) the daily performance of its underlying benchmark (the "Daily Target"). The Daily Target which the ETF seeks exposure to is currently the Solactive Crude Oil Rolling Futures Index, which is calculated in U.S. dollars. The ETF does not hedge its currency exposure to the U.S. dollar. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Distributions: | The Company does not currently intend to pay regular dividends or returns of capital on the ETF Shares of the ETF. |
| Sponsorship: | Not applicable |
| Offering document: | Prospectus dated November 8, 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: | 325,000 ETF Shares will be issued at a subscription price of $20.80 per ETF Share. The ETF is authorized to issue an unlimited number of ETF Shares. ETF Shares of the ETF are being issued and sold on a continuous basis and there is no maximum number of ETF Shares that may be issued. |
| TSX contact: | Selma Thaver, Managing Director, TSX Listings |