Exchange Bulletin
Black Diamond Distressed Opportunities Fund (BDOP) To Trade On Toronto Stock Exchange
March 23, 2021
Issuer: Black Diamond Distressed Opportunities Fund (the "ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| ETF Units | BDOP | 50,000 | None | C$20.00 |
| Listing category: | Non-Corporate |
| Trading Currency: | CDN$ |
| Transaction: | Initial public offering (the "Offering") of ETF Units |
| Listing date: | March 24, 2021 in anticipation of closing of the Offering. |
| Anticipated closing date: | March 25, 2021 |
| Posted for trading date: | March 25, 2021 (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 and Non-Certificated Issue |
| Investor relations: | Vanessa Fiorido Tel : 416 712-5955 vanessaf@purposeinvest.com - and - Vladimir Tasevski Tel: 416 583-3860 vladt@purposeinvest.com |
| Incorporation: | The ETF is an alternative mutual fund established as a trust under the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated as of March 10, 2021. |
| Manager: | Purpose Investments Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The ETF seeks to provide unitholders with long-term capital growth. The ETF will focus on distressed investment opportunities and, specifically, securities which appear to be trading below their estimated intrinsic value. The ETF will achieve its investment objectives by investing in a broad range of foreign equities, domestic equities and fixed income securities. The ETF may also invest in other types of securities of fixed income securities, including convertible and high-yield bonds and government securities of emerging or other countries. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Sponsorship: | Not Applicable |
| Dividends: | The ETF expects to make distributions monthly, if any. |
| Sponsorship: | Not applicable |
| Disclosure documents: | Amendment no. 1 dated March 10, 2021 to the simplified prospectus (the "Simplified Prospectus") dated September 29, 2020 and amendment no.1 dated March 10, 2021 to the annual information form dated September 29, 2020 (the "AIF" and together with the Simplified Prospectus, the "Disclosure Documents") which are available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Disclosure Documents |
| Initial public offering: | 50,000 ETF Units will be issued at a subscription price of C$20.00 per ETF Unit. The ETF Units of the ETF are being issued and sold on a continuous basis and there is no maximum number of ETF Units that may be issued. |
| TSX contact: | Chris Birkett, Managing Director, Toronto Stock Exchange |