Exchange Bulletin
BMO Ultra Short-Term US Bond ETF (ZUS.U, ZUS.V) To Trade On Toronto Stock Exchange
Issuer: BMO Ultra Short-Term US Bond ETF (the "ETF")
Security |
Symbol |
Issued and Outstanding Securities |
Reserved Securities |
Issue Price |
USD Units |
ZUS.U |
40,000 |
None |
USD $50 |
USD Accumulating Units |
ZUS.V |
40,000 |
None |
USD $50 |
Listing category: |
Non-Corporate |
Trading currency: |
USD$ |
Transaction: |
Initial public offering of USD Units and USD Accumulating Units (together, the "Units") (the "Offering") |
Listing date: |
February 14, 2019 (as at 5:01 pm) in anticipation of closing of the Offering. |
Anticipated closing date: |
February 15, 2019 (prior to the opening) |
Posted for trading date: |
February 15, 2019 (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, which will be effected in non-certificated form. |
Investor relations: |
Kevin R. Gopaul Head of Exchange Traded Funds, BMO Asset Management Inc. (416) 359-7635 kevin.gopaul@bmo.com |
Incorporation: |
The ETF is an exchange traded mutual fund established as a trust under the laws of the Province of Ontario pursuant to the amended and restated master declaration of trust dated February 7, 2019. |
Manager and Trustee: |
BMO Asset Management Inc. |
Fiscal year end: |
December 31 |
Nature of business: |
The ETF seeks to provide exposure to a variety of U.S. fixed income securities, primarily with a remaining effective term to maturity of one year or less. |
Transfer agent and registrar: |
State Street Trust Company Canada, at its principal offices in Toronto. |
Distributions: |
Cash distributions in respect of the USD Units are expected to be paid monthly. Distributions in respect of the USD Accumulating Units, if any, will be automatically reinvested in additional USD Accumulating Units of the ETF annually. Following each distribution, the number of USD Accumulating Units of the ETF is immediately consolidated so that the number of outstanding USD Accumulating Units of the ETF will be the same as the number of outstanding USD Accumulating Units before the distribution. |
Sponsorship: |
Not applicable |
Offering document: |
Prospectus dated February 7, 2019, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
Additional Information: |
The Units will be quoted and traded on Toronto Stock Exchange in US funds and trading information regarding the Units will appear under the heading "Trading in US Funds" in the TSX Monthly Review. |
Initial public offering: |
40,000 USD Units will be issued at a subscription price of USD$50.00 per unit and 40,000 USD Accumulating Units will be issued at a subscription price of USD$50.00 per unit. 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: |
Chris Birkett, Director, Toronto Stock Exchange. |