Exchange Bulletin
Evolve S&P 500® Enhanced Yield Fund (ESPX, ESPX.B) To Trade On Toronto Stock Exchange
January 6, 2023
Issuer: Evolve S&P 500® Enhanced Yield Fund ("Evolve ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Hedged ETF Units (the "Hedged ETF Units") | ESPX | 50,000 | None | C$20.00 |
| Unhedged ETF Units (the "Unhedged ETF Units") | ESPX.B | 700,000 | None | C$20.00 |
| Listing category: | Non-Corporate |
| Trading currency: - Hedged ETF Units and Unhedged ETF Units | CDN$ |
| Transaction: | Initial public offering (the "Offering") of Hedged ETF Units and Unhedged ETF Units (collectively, the "Units"). |
| Listing date: | January 9, 2023 (as at 5:01 p.m.) in anticipation of closing of the Offering. |
| Anticipated closing date: | January 9, 2023 (prior to the opening) |
| Posted for trading date: | January 10, 2023 (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 mutual fund established under the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated as of January 3, 2023. |
| Manager and Trustee: | Evolve Funds Group Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | Evolve ETF seeks to provide long-term capital growth by replicating, net of fees and expenses, the performance of the S&P 500 Index, or any successor thereto, while mitigating downside risk. Evolve ETF invests primarily in the equity constituents of the S&P 500 Index, or any successor thereto, while writing covered call options on up to 33% of 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 Units will be paid monthly in the currency in which the Units are denominated. |
| Sponsorship: | Not applicable. |
| Offering document: | Prospectus dated January 3, 2023 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Initial public offering: | 50,000 Hedged ETF Units will be issued at a subscription price of C$20.00 per Hedged ETF Unit and 700,000 Unhedged ETF Units will be issued at a subscription price of C$20.00 per Unhedged ETF Unit. Evolve ETF is authorized to issue an unlimited number of 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 |
