Exchange Bulletin

Horizons Enhanced NASDAQ-100 Covered Call ETF (QQCL) To Trade On Toronto Stock Exchange

October 6, 2023

Issuer: Horizons Enhanced NASDAQ-100 Covered Call ETF (the "ETF")

SecuritySymbolIssued and Outstanding SecuritiesReserved SecuritiesIssue Price
Class A units
(the "Units")
QQCL 100,001 None C$20.00
Listing category: Non-Corporate
Trading currency: CDN$
Transaction: Initial public offering of the Units (the "Offering")
Listing date: October 10, 2023 (as at 5:01 pm) in anticipation of closing of the Offering.
Anticipated closing date: October 11, 2023 (prior to the opening)
Posted for trading date: October 11, 2023 (at the opening) subject to confirmation of closing of the Offering.
Other market(s): None
Designated market maker: RBC Capital Markets
Investor relations: Naseem Husain
Tel.: (416) 933-5745
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. The ETF is an "alternative mutual fund" as defined in NI 81-102.
Manager and Trustee: Horizons ETFs Management (Canada) Inc.
Fiscal year end: December 31
Nature of business: The ETF seeks to provide, to the extent reasonably possible and net of expenses: (a) exposure to the performance of an index of the largest domestic and international, non-financial companies listed on the NASDAQ stock market (currently, the NASDAQ-100® Index); and (b) high monthly distributions of dividend income and call option premiums. To generate premiums, the ETF will be exposed to a dynamic covered call option writing program. The ETF will also employ leverage (not to exceed the limits on use of leverage described under "Investment Strategies" in the Prospectus (as defined below)) through cash borrowing and will generally endeavour to maintain a leverage ratio of approximately 125%.
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 (the "Prospectus"), which is available at Capitalized terms not otherwise defined herein are as defined in the Prospectus.
Initial public offering: 100,001 Units will be issued at a subscription price of C$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