Exchange Bulletin
Trisura Group Ltd. (TSU) To Trade On Toronto Stock Exchange
May 26, 2017
| Issuer: | Trisura Group Ltd. (‘‘Trisura Group'') |
| Security: | Common shares |
| Symbol: | TSU |
| When Issued Market - Original Listing: | The common shares of Trisura Group (the "Trisura Group Shares") will be posted for trading on a "when issued" basis on May 30, 2017 (at the opening). |
| Number of securities issued and outstanding: | 5,800,000 |
| Number of securities reserved for issuance: | 400,000 |
| Listing category: | Industrial, Exempt |
| CUSIP: | 89679A 10 0 |
| Trading currency: | CDN$ |
| Transaction: | As described in today's Toronto Stock Exchange ("TSX") Bulletin regarding Brookfield Asset Management Inc. (Symbol: BAM.A) ("BAM"), holders of Class A limited voting shares of BAM (the "BAM Shares") of record as of the close of business on June 1, 2017 (the "Record Date") will receive one Trisura Group Share for every 170 BAM Shares held, pursuant to a distribution by way of special dividend (the "Distribution"). |
| Posted for trading date: | May 30, 2017 (at the opening) on a "when issued" basis. |
| Payable date: | Certificates representing Trisura Group Shares will be mailed on or about June 22, 2017 to holders of BAM Shares on the Record Date. Holders of BAM Shares need not take any action in order to receive the Trisura Group Shares to which they are entitled. |
| Other market(s): | None |
| Temporary market maker: | Altacorp Capital Inc. |
| Security ownership registration: | CDS book entry only system |
| Investor relations: | Allen Taylor (416) 359-7864 allen.taylor@brookfield.com |
| Incorporation: | Business Corporations Act (Ontario) |
| Fiscal year end: | December 31 |
| Nature of business: | Trisura Group is an international specialty insurance provider operating in the surety, risk solutions, corporate insurance and reinsurance niche segments of the market. |
| Transfer agent and registrar: | CST Trust Company at its principal office in Toronto. |
| Dividends: | Trisura Group does not anticipate paying cash dividends on its common shares in the near future. |
| Sponsorship: | Not applicable |
| Settlement of When Issued trading: | Subject to the Distribution occurring on Thursday, June 22, 2017: (i) all trades in the when issued market from and including May 30, 2017 (at the opening) to and including June 16, 2017 (at the close) will be for special settlement on June 21, 2017 and will appear on the Settlement Report from CDS Clearing and Depository Services Inc. ("CDS"); and (ii) all trades in the when issued market on June 19, June 20 and June 21, 2017 will be for special settlement three business days after the trade date and will appear on the Settlement Report from CDS. Parties who hold BAM Shares on the Record Date (or who are entitled to receive BAM Shares under a legally binding unconditional contract) may sell, in the when issued market, such Trisura Group Shares, up to the number of Trisura Group Shares they would hold upon completion of the Distribution without being subject to restrictions on short sales. TSX will not be liable directly or indirectly for any loss attributable to the exercise of any of its above-described rights or to the cancellation, settlement or failed settlement of any trade or trades made in the Trisura Group Shares. |
| Termination of When Issued trading: | Subject to the Distribution occurring on Thursday, June 22, 2017, then: (i) on June 21, 2017 (at the close) trading of the common shares of Issuer on a "when issued" basis will terminate; and (ii) on June 22, 2017 (at 12:01 a.m. Toronto time) the common shares of the Issuer will be listed and posted for trading on a regular basis under the current symbol and CUSIP. If the payment of Distribution is not made, all trades made in the when issued market will be cancelled. No securities will be delivered or deliverable and no money will be owed by purchasers to sellers. |
| Disclosure document: | Trisura Group's Prospectus and U.S. Information Statement dated May 12, 2017 (the "Prospectus") and BAM's press release dated May 11, 2017 which are available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Additional information: | See elsewhere in today's TSX Bulletins regarding the distribution of the Trisura Group Shares. |
| TSX contact: | Julie K. Shin, Director, Listed Issuer Services, Toronto Stock Exchange. |
