Exchange Bulletin
Mulvihill Enhanced Split Preferred Share ETF (SPFD) To Trade On Toronto Stock Exchange
December 6, 2024
Issuer: Mulvihill U.S. Health Care Enhanced Yield ETF (the "Old Mulvihill ETF")
Issuer (new name): Mulvihill Enhanced Split Preferred Share ETF (the "New Mulvihill ETF")
| Security | Old Symbol | New Symbol | Issue Price |
|---|---|---|---|
| Units | XLVE | SPFD | $10.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ |
| Transaction: | At a meeting held on November 29, 2024, unitholders approved a change to the focus of the Old Mulvihill ETF from equities of U.S. healthcare companies to primarily listed preferred shares of Canadian split share corporations and a change to the name of the Old Mulvihill ETF to "Mulvihill Enhanced Split Preferred Share ETF" (the "Transaction"). In connection with the transaction the ticker symbol will be changed to SPFD from XLVE. |
| Consolidation: | Under the Transaction, the Units of the Old Mulvhill ETF were consolidated on the basis that one pre-consolidated Unit of Old Mulvhill ETF will become 0.773007 Units of New Mulvihill ETF following the consolidation in order to reset the net asset value per Unit to $10.00 per unit (the "Consolidation"). No fractional Units were issued pursuant to the Consolidation. Fractional entitlements were rounded down to the nearest whole number. |
| Listed and posted for trading date of the Units of the New Mulvihill ETF: | December 6, 2024 (at the opening, not subject to a closing) |
| Number of Units of the New Mulvihill ETF issued and outstanding: | 502,454 |
| Exchange procedure: | As the Units trade in the "book-entry only system" of CDS Clearing and Depository Services Inc., holders of Units of the Old Mulvihill ETF need not take any action with respect to receiving Units of the New Mulvihill ETF. |
| Delisting date of the Units of the Old Mulvihill ETF: | December 5, 2024 (at the close) |
| Other market(s): | None |
| Designated market maker: | National Bank Financial Inc. |
| Investor relations: | John Germain Senior Vice-President and Chief Financial Officer 416 681 3900 jgermain@mulvihill.com |
| Incorporation: | The New Mulvihill ETF is an exchanged 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 December 6, 2024. |
| Manager and Trustee: | Mulvihill Capital Management Inc. |
| Fiscal year end: | December 31 |
| Nature of business of the New Mulvihill ETF: | The New Mulvihill ETF is considered an "alternative mutual fund" within the meaning of NI 81-102. The New Mulvihill ETF seeks to provide Unitholders of the New Mulvihill ETF with: (a) monthly distributions and (b) the opportunity for capital preservation primarily through investment in a portfolio of primarily preferred shares of Canadian split share corporations. |
| Transfer agent and registrar: | TSX Trust Company at its principal offices in Toronto. |
| Distributions: | Cash distributions on Units of the New Mulvihill ETF are expected to be made on a monthly basis. |
| Sponsorship: | Not applicable |
| Additional information: | Units are being issued and sold on a continuous basis and there is no maximum number of Units that may be issued. |
| Disclosure documents: | Amendment No. 1 dated November 1, 2024 to the Prospectus dated February 15, 2024 and Management Information Circular dated October 25, 2024, which are available at www.sedarplus.ca. Capitalized terms not otherwise defined herein are as defined in the Disclosure documents. |
| TSX contact: | Selma Thaver, Managing Director, TSX Listings |