Exchange Bulletin
Cl Gold Bullion Fund (VALT, VALT.U) To Trade On Toronto Stock Exchange
January 8, 2021
Issuer: Cl Gold Bullion Fund (the "CI ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price* |
|---|---|---|---|---|
| ETF C$ Hedged Series Units | VALT | 50,000 | None | C$24.53 |
| ETF US$ Series Units | VALT.U | 50,000 | None | US$19.32 |
* The issue price of the ETF C$ Hedged Series Units and the ETF US$ Series Units will be equal to 1/100th of the LBMA Gold Price at the time of subscription.
| Listing category: | Non-Corporate |
| Trading currency - ETF C$ Hedged Series Units: | CDN$ |
| Trading currency - ETF US$ Series Units: | US$ |
| Transaction: | Initial public offering of ETF C$ Hedged Series Units and ETF US$ Series Units (collectively, the "ETF Series Units") (the "Offering"). |
| Listing date: | January 11, 2021 (as at 5:01 p.m.) in anticipation of closing of the Offering. |
| Anticipated closing date: | January 12, 2021 |
| Posted for trading date: | January 12, 2021 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | Virtu Financial Canada, ULC. |
| Security ownership registration: | CDS book entry only system and Non-Certificated Issue |
| Investor relations: | Eddy Fung Tel: (647) 260-3855 Email: efung@firstasset.ci.com |
| Incorporation: | The CI ETF is an exchange-traded mutual fund established under the laws of the Province of Ontario pursuant to an amended and restated master declaration of trust dated April 21, 2020 including Schedule "A" thereto dated December 18, 2020. |
| Manager: | CI Investments Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The CI ETF seeks to buy and hold substantially all of its assets in gold bullion. As such, its performance should reflect the performance of the price of gold, less the CI ETF's expenses. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Dividends: | The CI ETF does not currently anticipate paying regular cash distributions on its ETF Series Units. |
| Sponsorship: | Not applicable. |
| Offering document: | Prospectus dated December 18, 2020 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Additional Information: | The ETF US$ Series Units will be quoted and traded on Toronto Stock Exchange in US funds and trading information regarding the ETF US$ Series Units will appear under the heading "Trading in US Funds" in the TSX Monthly Review. |
| Initial public offering: | 50,000 ETF C$ Hedged Series Units will be issued at a subscription price of C$24.53 per ETF C$ Hedged Series Unit and 50,000 ETF US$ Series Units will be issued at a subscription price of US$19.32 per ETF US$ Series Unit. The CI ETF is authorized to issue an unlimited number of ETF Series Units, each of which represents an undivided interest in the net assets of the CI ETF. The ETF Series Units of the CI ETF are being issued and sold on a continuous basis and there is no maximum number of ETF Series Units that may be issued. |
| TSX contact: | Chris Birkett, Managing Director, Toronto Stock Exchange |