Exchange Bulletin
Horizons Short-Term U.S. Treasury Premium Yield ETF (SPAY, SPAY.U) To Trade On Toronto Stock Exchange
October 3, 2023
Issuer: Horizons Short-Term U.S. Treasury Premium Yield ETF (the "ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Class A units (the "Units") | SPAY, SPAY.U | 100,001 | None | US$20.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ (SPAY), US$ (SPAY.U) |
| Transaction: | Initial public offering of the Units (the "Offering") |
| Listing date: | October 4, 2023 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | October 5, 2023 (prior to the opening) |
| Posted for trading date: | October 5, 2023 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | National Bank Financial Inc. |
| Investor relations: | Rob Moher Tel.: (416) 933-5745 rmoher@horizonsetfs.com |
| Incorporation: | The ETF is an open-end mutual fund trust established under the laws of Ontario, on September 28, 2023 pursuant to an amended and restated master declaration of trust. |
| Manager and Trustee: | Horizons ETFs Management (Canada) Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The ETF seeks to provide: (a) exposure to the performance of a portfolio of U.S. Treasury securities, generally targeting a duration less than 3 years; and (b) high monthly distributions of interest income and option premiums. To generate premiums and reduce volatility, the ETF will employ a dynamic option program. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Distributions: | It is anticipated that the ETF will make distributions to its Unitholders on a monthly basis. |
| Sponsorship: | Not applicable |
| Offering document: | Prospectus dated September 28, 2023, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Additional Information: | The Units trading under symbol "SPAY.U" will be quoted and traded on TSX in US funds and trading information regarding "SPAY.U" will appear under the heading "Trading in US Funds" in the TSX Monthly Review |
| Initial public offering: | 100,001 Units will be issued at a subscription price of US$20.00 per Unit. The ETF is authorized to issue an unlimited number of Units. Units of the ETF are being issued and sold on a continuous basis and there is no maximum number of Units that may be issued. |
| TSX contact: | Selma Thaver, Managing Director, TSX Listings |