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Bulletin de la Bourse
Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK) inscrit à la Bourse de Toronto
31 janvier 2022
Issuer: Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund ("Evolve ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Unhedged Canadian dollar denominated units (the "CAD Unhedged Units") | BANK | 100,000 | None | C$10.00 |
| Listing category: | Non-Corporate |
| Trading currency | CDN$ |
| Transaction: | Initial public offering (the "Offering") of CAD Unhedged Units. |
| Listing date: | February 1, 2022 (as at 5:01 p.m.) in anticipation of closing of the Offering. |
| Anticipated closing date: | February 2, 2022 (prior to the opening). |
| Posted for trading date: | February 2, 2022 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | CIBC World Markets Inc. |
| Security ownership registration: | CDS book entry only system and Non-Certificated Issue. |
| Investor relations: | Elliot Johnson Tel: (416) 558-6661 Email: ejohnson@evolveetfs.com - and - Keith Crone Tel: (416) 697-5152 Email: kcrone@evolveetfs.com |
| Incorporation: | Evolve ETF is an 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 January 26, 2022. |
| Manager and Trustee: | Evolve Funds Group Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | Evolve ETF 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 Canadian Core Financials Equal Weight Index, or any successor thereto, while mitigating downside risk. Evolve ETF invests primarily in the equity constituents of the Solactive Canadian Core Financials Equal Weight Index, or any successor thereto, while writing covered call options on up to 33% of the portfolio securities in the portfolio, at the discretion of the Manager. The level of covered call option writing may vary based on market volatility and other factors. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Dividends: | Cash distributions of income, if any, on the CAD Unhedged Units will be paid monthly. |
| Sponsorship: | Not applicable. |
| Offering document: | Prospectus dated January 26, 2022 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Initial public offering: | 100,000 CAD Unhedged Units will be issued at a subscription price of C$10.00 per CAD Unhedged Unit. Evolve ETF is authorized to issue an unlimited number of CAD Unhedged Units, each of which represents an equal, undivided interest in the net assets of Evolve ETF and there is no minimum number of Units that may be offered. |
| TSX contact: | Selma Thaver, Director, TSX Listings |