Bulletin de la Bourse
Purpose Canadian Financial Income Fund (the "Fund") (BNC) inscrit à la Bourse de Toronto
Issuer: Purpose Canadian Financial Income Fund (the "Fund")
Security | Symbol | CUSIP | Issued and Outstanding Securities | Reserved Securities | Issue Price |
---|---|---|---|---|---|
ETF Shares | BNC | 74641F 10 6 | 150,000 | None | $20.00 |
Listing category: | Non-Corporate |
Trading currency: | CDN$ |
Transaction: | Initial public offering of ETF Shares (the "Offering") |
Listing date: | October 25, 2016 (as at 5:01 pm) in anticipation of closing of the Offering. |
Anticipated closing date: | October 26, 2016 (prior to the opening) |
Posted for trading date: | October 26, 2016 (at the opening) subject to confirmation of closing of the Offering. |
Other market(s): | None |
Designated market maker: | National Bank Financial Inc. |
Security ownership registration: | CDS book entry only system |
Investor relations: | Som Seif Tel: (416) 583-3856 info@purposeinvest.com - or - Scott Bartholomew Tel: (416) 583-3857 info@purposeinvest.com |
Incorporation: | Purpose Fund Corp. is a mutual fund corporation incorporated under the laws of the Province of Ontario pursuant to the Business Corporations Act (Ontario) on April 29, 2013. The Fund is a class of shares of Purpose Fund Corp. |
Manager: | Purpose Investments Inc. |
Fiscal year end: | December 31 |
Nature of business: | The fund seeks to provide shareholders with (i) long-term capital appreciation through investment in a portfolio of Canadian Banks (up to 70% on an equal weighted basis) and Canadian Insurance Companies (up to 30% on an equal weighted basis) and (ii) monthly distributions. |
Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
Switching between ETF shares: | Holders of ETF shares may switch ETF shares of one fund to ETF shares of another fund through the facilities of CDS. Dealers or financial advisors may charge a fee of up to 2% of the value of ETF shares switched. |
Dividends: | The Fund expects to make distributions monthly, if any. |
Sponsorship: | Not applicable |
Offering document: | Simplified Prospectus dated October 17, 2016, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
Initial public offering: | 150,000 ETF shares will be issued at a subscription price of $20.00 per ETF share. ETF shares are being issued and sold on a continuous basis and there is no maximum number of ETF shares that may be issued. |
TSX contact: | Julie K. Shin, Director, Listed Issuer Services, Toronto Stock Exchange. |