Exchange Bulletin

First Asset Enhanced Government Bond ETF (the “First Asset ETF”) (FGO, FGO.U) To Trade On Toronto Stock Exchange


July 27, 2018

Issuer: First Asset Enhanced Government Bond ETF (the "First Asset ETF")

SecuritySymbolIssued and Outstanding SecuritiesReserved SecuritiesIssue Price
Common Units: FGO 100,000 None C$10.00
US$ Common Units FGO.U 100,000 None US$10.00
Listing category: Non-Corporate
Trading currency Common Units: CDN$
Trading currency US$ Common Units: US$
Transaction: Initial public offering of common units (the "Common Units") and US$ common units (the "US$ Common Units" and, together with the Common Units, the "Units") (the "Offering")
Listing date: July 30, 2018 (as at 5:01 pm) in anticipation of closing of the Offering.
Anticipated closing date: July 31, 2018 (prior to the opening)
Posted for trading date: July 31, 2018 (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: 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 July 20, 2018.
Manager and Trustee: First Asset Investment Management Inc.
Fiscal year end: December 31
Nature of business: The First Asset ETF seeks to provide long-term total returns through interest income and capital appreciation. The First Asset ETF will primarily invest in government debt, but may also invest in other debt instruments across the credit spectrum including cash, corporate debt, and debt and credit derivatives.
Transfer agent and registrar: Computershare Trust Company of Canada at its principal office in Toronto.
Conversion: Unitholders may convert Units of any class of the First Asset ETF (the "Converting Units") into whole Units of any other class of the 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.
Currency Hedging: It is intended that at all times (i) at least 90% of the non-Canadian currency exposure attributable to the Common Units will be hedged to the Canadian dollar and (ii) at least 90% of the non-U.S. currency exposure attributable to the US$ Common Units will be hedged to the U.S. dollar.
Distributions Any cash distributions of income on the Units of the First Asset ETF are expected to be made quarterly in the currency in which the Units are denominated.
Sponsorship: Not applicable
Offering document: Prospectus dated July 20, 2018, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus.
Additional Information: The US$ Common Units will be quoted and traded on Toronto Stock Exchange in US funds and trading information regarding the US$ Common Units will appear under the heading "Trading in US Funds" in the TSX Monthly Review.
Initial public offering: 100,000 Common Units will be issued at a subscription price of $10.00 per Common Unit and 100,000 US$ Common Units will be issued at a subscription price of US$10.00 per US$ Common Unit. The First Asset ETF is authorized to issue an unlimited number of Units, each of which represents an undivided interest in the net assets of the First Asset 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.

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