Search results will open in a new window on TMXMoney.com.

Exchange Bulletin

RBC 1-5 Year Laddered Canadian Bond ETF (RLB) To Trade On Toronto Stock Exchange


January 22, 2016

RBC 1-5 Year Laddered Canadian Bond ETF (the “RBC ETF”) - An application has been granted for the original listing in the Non-Corporate Issuer category of 100,000 CAD Units (the “Units") of the RBC ETF, all of which will be issued and outstanding upon completion of an initial public offering (the “Offering”).

Listing of the Units will become effective at 5:01 p.m. on Friday, January 22, 2016 in anticipation of the Offering closing prior to the opening of business on Monday, January 25, 2016. The Units will be posted for trading at the opening of business on January 25, 2016 upon confirmation of the closing of the Offering.

The RBC ETF is authorized to issue an unlimited number of Units, each of which represents an equal, undivided interest in the net assets of the RBC ETF. Units of the RBC ETF are being issued and sold on a continuous basis and there is no maximum number of Units that may be issued.

Registrations of interests in and transfers of Units will be made only through the book-entry only system administered by CDS Clearing and Depository Services Inc. (“CDS”). Units must be purchased, transferred and surrendered for exchange or redemption only through a CDS Participant. Upon purchase of any Units, the owner will receive only the customary confirmation; physical certificates evidencing ownership will not be issued.

Additional information on the Units may be found in the final prospectus dated January 8, 2016 (the “Prospectus”), which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus.

Stock Symbol: "RLB" CUSIP: 74933L 10 0 Trading Currency: CDN$

 

Designated Market Maker: RBC Capital Markets
Other Markets: None
Head Office Address: 155 Wellington Street West
Suite 2200
Toronto, ON
M5V 3K7
Website: www.rbcgam.com/etfs
Email: etfs@investments@rbc.com
Head Office Telephone Number: (416) 955-7826
Toll Free: (855) 722-3837
Fax Number: (416) 955-3590
Investor Relations: Stephen Hoffman
Vice President, Exchange Traded Funds
(416) 955-5321
Email: stephen.hoffman@rbc.com
Chief Financial Officer: Frank Lippa
Corporate Secretary: Gina Zapras
Incorporation: The RBC ETF was established under the laws of the Province of Ontario pursuant to an amended and restated master declaration of trust dated as of January 6, 2016 executed by RBC Global Asset Management Inc., as trustee and manager.
Manager and Trustee: RBC Global Asset Management Inc.
Transfer Agent & Registrar: Computershare Investor Services Inc. at its principal offices in Toronto.
Fiscal Year End: December 31
Nature of Business: The RBC ETF seeks to provide unitholders with exposure primarily to the performance of a diversified portfolio of Canadian corporate and government bonds, divided into five groupings with staggered maturities from one to five years, that will provide regular income while preserving capital.
Distributions: Cash distributions on Units of the RBC ETF are expected to be made monthly. Distributions on Units are expected to consist primarily of ordinary income sourced from interest payments received or accrued by the RBC ETF, but may also include net realized capital gains and returns of capital, in any case, less the expenses of the fund. To the extent that the expenses of the RBC ETF exceed the income generated by the RBC ETF in any given month, a monthly distribution may not be paid.

For each taxation year, the RBC ETF will ensure that the net income and net realized capital gains of the fund have been distributed to such an extent that the RBC ETF will not be liable for ordinary income tax thereon. To the extent that any RBC ETF has not distributed the full amount of its net income or net capital gains in cash in any taxation year, the difference between such amount and the amount actually distributed by the RBC ETF in cash will be paid as a “reinvested distribution”. Reinvested distributions will be reinvested automatically in additional Units of the RBC ETF at a price equal to the Net Asset Value per Unit of the RBC ETF and the Units of that class will be immediately consolidated such that the number of outstanding Units following the distribution will equal the number of Units outstanding prior to the distribution.
Sponsor: Not Applicable
Initial Issuance of Units: Pursuant to the terms of the Prospectus, Units will be issued and sold on a continuous basis and there will be no maximum number of Units that may be issued. Units sold in connection with the Offering for the RBC ETF will amount to 100,000 CAD Units at a price of $20 per Unit.