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Exchange Bulletin

First Asset Health Care Giants Covered Call ETF (FHI, FHI.B) To Trade On Toronto Stock Exchange


June 8, 2018

Issuer: First Asset Health Care Giants Covered Call ETF (the "ETF")

SecuritySymbolIssued and Outstanding SecuritiesReserved SecuritiesIssue Price
Common Units: FHI 100,000 None C$10.00
Unhedged units FHI.B 100,000 None C$10.00
Listing category: Non-Corporate
Trading currency: CDN$
Transaction: Initial public offering of Common Units (the "Common Units") and Unhedged Units (the "Unhedged Units") (the "Offering")
Listing date: June 11, 2018 (as at 5:01 pm) in anticipation of closing of the Offering.
Anticipated closing date: June 12, 2018 (prior to the opening)
Posted for trading date: June 12, 2018 (at the opening) subject to confirmation of closing of the Offering.
Other market(s): None
Designated market maker: BMO Nesbitt Burns Inc.
Security ownership registration: CDS Book-entry only system
Investor relations: Z. Edward Akkawi
Tel.: (416) 640-4938
Email: eakkawi@firstasset.com
Incorporation: Exchange traded fund established as a trust under the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated June 4, 2018.
Manager and Trustee: First Asset Investment Management Inc.
Fiscal year end: December 31
Nature of business: The ETF's investment objectives are to provide holders, through an actively managed portfolio, with (i) regular cash distributions, (ii) the opportunity for capital appreciation by investing on an equal weight basis in a portfolio of securities of the 20 health care companies, as determined by the Manager in its discretion, with the largest market capitalization listed on a North American stock exchange, and (iii) lower overall volatility of returns on the portfolio than would be experienced by owning a portfolio of securities of such issuers directly, by employing a covered call option writing program.
Transfer agent and registrar: Computershare Trust Company of Canada at its principal office in Toronto.
Conversion: Unitholders may convert Units of any class of a First Asset ETF (the "Converting Units") into whole Units of any other class of the same First Asset ETF in any month. No fractional Units will be issued upon conversion. Any remaining fraction of a Converting Unit will be redeemed at its net asset value.
Distributions Cash distributions on the Units of the ETF are expected to be made at least quarterly.
Sponsorship: Not applicable
Offering document: Prospectus dated June 4, 2018, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus.
Initial public offering: 100,000 Common Units and 100,000 Unhedged Units (collectively, the "Units") will be issued at a subscription price of $10.00 per Unit. The ETF is authorized to issue an unlimited number of Units, each of which represents an equal, undivided interest in the net assets of the ETF. The 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: Julie K. Shin,
Director, Listed Issuer Services,
Toronto Stock Exchange.