Exchange Bulletin
RBC U.S. Discount Bond ETF (RUDB, RUDB.U) To Trade On Toronto Stock Exchange
May 16, 2023
Issuer: RBC U.S. Discount Bond ETF ("RBC ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Canadian dollar-denominated ETF units (the "CAD Units") | RUDB | 100,000 | None | C$20.00 |
| U.S. dollar-denominated ETF units (the "USD Units") | RUDB.U | 100,000 | None | US$14.78 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ US$ |
| Transaction: | Initial public offering of CAD Units and USD Units (the "Offering"). |
| Anticipated closing date: | May 16, 2023 |
| Listing date: | May 17, 2023 (as at 5:01 p.m.) subject to confirmation of closing of the Offering. |
| Posted for trading date: | May 18, 2023 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | BMO Nesbitt Burns Inc. |
| Investor relations: | Stephen Hoffman Vice President, Exchange Traded Funds 416-955-5321 stephen.hoffman@rbc.com |
| Incorporation: | The RBC ETF is established under the laws of the Province of Ontario pursuant to the amended and restated master declaration of trust dated April 20, 2023. |
| Manager and Trustee: | RBC Global Asset Management Inc. |
| Fiscal year end: | September 30 |
| Nature of business: | The investment objective of the RBC ETF is to provide unitholders with exposure to the performance of a diversified portfolio of primarily short-term fixed-income securities issued in the U.S. market by U.S. governments and U.S. and foreign corporations which at the time of purchase are trading below the weighted average price of the universe of U.S. short-term bonds to provide regular income while preserving capital. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Distributions: | Cash distributions on CAD Units and USD Units of the RBC ETF are expected to be made monthly. |
| Sponsorship: | Not applicable |
| Offering document: | Prospectus dated April 21, 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: | 100,000 CAD Units will be issued at a subscription price of C$20.00 and 100,000 USD Units will be issued at a subscription price of US$14.78. The RBC ETF is authorized to issue an unlimited number of CAD Units and USD Units, each of which represents an equal, undivided interest in the net assets of the RBC ETF. The CAD Units and USD Units of the RBC ETF are being issued and sold on a continuous basis and there is no maximum number of CAD Units and USD Units that may be issued. |
| TSX contact: | Selma Thaver, Managing Director, TSX Listings |