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Bulletin de la Bourse
Purpose Bitcoin ETF (BTCC.B, BTCC.U) inscrit à la Bourse de Toronto
16 février 2021
Issuer: Purpose Bitcoin ETF (the "Purpose ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| CAD ETF non-currency hedged units | BTCC.B | 250,000 | None | C$10.00 |
| USD ETF non-currency hedged units | BTCC.U | 250,000 | None | US$10.00 |
| Listing category: | Non-Corporate |
| Trading Currency: | CDN$, US$ |
| Transaction: | Initial public offering (the "Offering") of CAD ETF non-currency hedged units and USD ETF non-currency hedged units (collectively, the "ETF Units") |
| Listing date: | February 17, 2021 in anticipation of closing of the Offering. |
| Anticipated closing date: | February 17, 2021 |
| Posted for trading date: | February 18, 2021 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | BMO Nesbitt Burns Inc. |
| Security ownership registration: | CDS book based system and Non-Certificated Issue. |
| Investor relations: | Vladimir Tasevski Tel: 416 871 6454 vladt@purposeinvest.com |
| Incorporation: | The Purpose ETF is an alternative mutual fund established as a trust under the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated as of February 11, 2021. |
| Manager: | Purpose Investments Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The Purpose ETF has been created to buy and hold substantially all of its assets in long-term holdings of Bitcoin and seeks to provide holders of ETF Units with the opportunity for long-term capital appreciation. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Sponsorship: | Not Applicable |
| Additional Information: | Participating Organizations should note that all trades in the Purpose ETF will be on a T+1 settlement on a permanent basis. The USD ETF non-currency hedged units will be traded in U.S. funds. Accordingly, they will appear under the heading U.S. funds in newspapers and the Exchange's Daily Record and Monthly Review. |
| Dividends: | The Purpose ETF does not expect to pay regular distributions |
| Sponsorship: | Not applicable |
| Offering document: | Prospectus dated February 11, 2021 (the "Prospectus") which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Initial public offering: | 250,000 CAD ETF non-currency hedged units will be issued at a subscription price of C$10.00 per CAD ETF non-currency hedged unit and 250,000 USD ETF non-currency hedged units at a subscription price of US$10.00 per USD ETF non-currency hedged unit. The Purpose ETF is authorized to issue an unlimited number of ETF Units, each of which represents an equal, undivided interest in the net assets of the Purpose ETF. The ETF Units of Purpose ETF are being issued and sold on a continuous basis and there is no maximum number of ETF Units that may be issued. |
| TSX contact: | Chris Birkett, Managing Director, Toronto Stock Exchange |