Exchange Bulletin
Accelerate Arbitrage Fund (ARB) To Trade On Toronto Stock Exchange
April 3, 2020
Issuer: Accelerate Arbitrage Fund (the "Fund")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Units (the "Units") | ARB | 50,000 | None | $20.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of Units (the "Offering") |
| Listing date: | April 6, 2020 (as at 5:01 p.m.) in anticipation of closing of the Offering. |
| Anticipated closing date: | April 7, 2020 (prior to the opening) |
| Posted for trading date: | April 7 2020 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | RBC Dominion Securities Inc. |
| Security ownership registration: | CDS book-entry only system and Non-Certificated Issue. |
| Investor relations: | Julian Klymochko Tel: (403) 801-2445 julian@acceleratefintech.com - and - Michael Kesslering Tel: (403) 680-3641 michael@acceleratefintech.com |
| Incorporation: | The Fund is an exchange traded alternative mutual fund established as a trust under the laws of the Province of Ontario pursuant Schedule "A" effective February 24, 2020 to the master declaration of trust dated March 22, 2019. |
| Manager and Trustee: | Accelerate Financial Technologies Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The Fund seeks to achieve long-term capital appreciation and a superior risk-adjusted return relative to the S&P Merger Arbitrage Index. ARB seeks to outperform the S&P Merger Arbitrage Index through an arbitrage investment strategy by investing primarily in listed equity, debt or derivative securities of target companies involved in mergers or corporate actions, while selling short certain listed equity, debt or derivative securities of acquirer companies involved in mergers or corporate actions, where applicable. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Distributions | Income distributions, if any on Units of the Fund will be paid in cash and are expected to be paid quarterly. |
| Sponsorship: | Not applicable |
| Offering document: | Prospectus dated February 24, 2020 which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Initial public offering: | 50,000 Units will be issued at a subscription price of $20.00 per Unit. The Fund is authorized to issue an unlimited number of Units, each of which represents an equal, undivided interest in the Units' proportionate share of assets of the Fund. Units of the Fund are being issued and sold on a continuous basis and there is no maximum number of Units that may be issued. |
| TSX contact: | Chris Birkett, Director, Toronto Stock Exchange |
