Exchange Bulletin
Global Water Solutions Fund (HTO.UN) To Trade On Toronto Stock Exchange
Global Water Solutions Fund (the “Fund”) - An application has been granted for the original listing in the Industrial category of up to 11,500,000 Units of the Fund, of which up to 10,000,000 Units will be issued and outstanding and up to 1,500,000 Units will be reserved for issuance upon completion of an initial public offering (the “Offering”).
Listing of the Units will become effective at 5:01 p.m. on Thursday, February 26, 2015, in anticipation of the Offering closing on Friday, February 27, 2015. The Units will be posted for trading at the opening on February 27, 2015 upon confirmation of closing of the Offering.
Registration of interests in, and transfers of, the Units will be made only through non-certificated interests issued under the book-entry only system of CDS. On the date of closing, non-certificated interests representing the aggregate number of Units subscribed for under the Offering will be recorded in the name of CDS, or its nominee, on the register of the Fund maintained by the Fund’s transfer agent. Units must be purchased, converted, transferred and surrendered for redemption only through a CDS Participant.
Additional information on the Units may be found in Fund’s final prospectus dated January 29, 2015 (the “Prospectus”), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.
| Stock Symbol: "HTO.UN" | CUSIP: 379477 10 2 | Trading Currency: CDN$ |
| Temporary Market Maker: | Jones, Gable and Company Ltd. |
| Other Markets: | None |
| Head Office Address: | 1 First Canadian Place 100 King St. West, 3rd Floor Podium P.O. Box 150 Toronto, ON M5X 1H3 |
| Head Office Telephone Number: | 1-866-864-7760 or 416-359-4597 |
| Fax Number: | (416) 359-5727 |
| Email Address: | gloria.lau@bmo.com |
| Website: | www.bmocm.com |
| Investor Relations: | Gloria Lau 1-866-864-7760 admin.dealerservices@bmonb.com |
| Chief Financial Officer: | Peter Hinman |
| Corporate Secretary: | Paul Dubal |
| Manager of the Fund: | BMO Nesbitt Burns Inc. |
| Incorporation: | The Fund is a closed-end investment fund established as a trust under the laws of the Province of Ontario pursuant to a declaration of trust dated January 29, 2015. |
| Fiscal Year End: | December 31 |
| Nature of Business: | The Fund has been created to invest in an actively managed global portfolio comprised primarily of publicly-listed equity securities of Water Issuers. The Portfolio will be comprised primarily of publicly-listed equity securities of global companies across the water cycle that are providing solutions to water scarcity. |
| Transfer Agent & Registrar: | CST Trust Company, at its principal offices in Toronto. |
| Distributions: | The Fund intends to make quarterly distributions to Unitholders of record on the last Business Day of each of March, June, September and December (each a “Distribution Record Date”). Distributions will be paid on a Business Day designated by the Manager that will be on or about the 15th Business Day following the Distribution Record Date. Quarterly distributions are initially targeted to be at $0.10 per Unit ($0.40 per annum per Unit) representing an annual yield of 4.00% on the issue price. The initial cash distribution will be pro-rated from the Closing Date and is anticipated to be payable to Unitholders of record on June 30, 2015. |
| Public Offering: | Pursuant to the terms of the Prospectus, up to a maximum of 10,000,000 Units are being offered to the public by BMO Nesbitt Burns Inc., CIBC World Markets Inc., Scotia Capital Inc., GMP Securities L.P., National Bank Financial Inc., Raymond James Ltd., TD Securities Inc., Canaccord Genuity Corp., Industrial Alliance Securities Inc., Burgeonvest Bick Securities Limited, Desjardins Securities Inc., Laurentian Bank Securities Inc., Mackie Research Capital Corporation, Manulife Securities Incorporated and PI Financial Corp., as agents, at a price of $10.00 per Unit. |
