Exchange Bulletin
Evolve S&P 500 CleanBeta Fund (FIVE, FIVE.B, FIVE.U) To Trade On Toronto Stock Exchange
May 6, 2021
Issuer: Evolve S&P 500 CleanBeta Fund ("Evolve ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Canadian dollar denominated Hedged ETF units (the "CAD Hedged ETF Units") | FIVE | 300,000 | None | C$20.00 |
| Canadian dollar denominated Unhedged ETF units (the "CAD Unhedged ETF Units ") | FIVE.B | 200,000 | None | C$20.00 |
| U.S. dollar denominated Unhedged ETF units (the "USD Unhedged ETF Units") | FIVE.U | 100,000 | None | US$20.00 |
| Listing category: | Non-Corporate |
| Trading currency of CAD Hedged ETF Units and CAD Unhedged ETF Units: | CDN$ |
| Trading currency of USD Unhedged ETF Units: | US$ |
| Transaction: | Initial public offering (the "Offering") of CAD Hedged ETF Units, CAD Unhedged ETF Units and USD Unhedged ETF Units (collectively, the "ETF Units") |
| Listing date: | May 7, 2021 (as at 5:01 p.m.) in anticipation of closing of the Offering |
| Anticipated closing date: | May 10, 2021 (prior to the opening) |
| Posted for trading date: | May 10, 2021 (at the opening) subject to confirmation of closing of the Offering |
| Other market(s): | None |
| Designated market maker: | CIBC World Markets Inc. |
| Security ownership registration: | CDS book entry only system and Non-Certificated Issue |
| Investor relations: | Elliot Johnson Chief Investment Officer and Chief Operating Officer Tel: (416) 558-6661 Email: ejohnson@evolveetfs.com - and - Keith Crone Executive Vice-President, Head of Marketing Tel: (416) 697-5152 Email: kcrone@evolveetfs.com |
| Incorporation: | A mutual fund established under the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated as of April 28, 2021. |
| Manager and Trustee: | Evolve Funds Group Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | Evolve ETF seeks to provide long-term capital growth by replicating, net of fees and expenses, the performance of the S&P 500 Index while striving to offset the carbon footprint of the constituent securities in the portfolio. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto |
| Currency hedging: | In respect of the CAD Unhedged ETF Units, Evolve ETF will not hedge any foreign currency exposure back to the currency in which such class of CAD Unhedged ETF Units are denominated. |
| Dividends: | Cash distributions of income, if any, on the ETF Units will be payable quarterly. |
| Sponsorship: | Not applicable. |
| Offering document: | Prospectus dated April 28, 2021 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Additional Information: | The USD Unhedged ETF Units will be quoted and traded on Toronto Stock Exchange in US funds and trading information regarding the USD Unhedged ETF Units will appear under the heading "Trading in US Funds" in the TSX Monthly Review. |
| Initial public offering: | 100,000 CAD Hedged ETF Units will be issued at a subscription price of C$20.00 per CAD Hedged ETF Unit, 100,000 CAD Unhedged ETF Units will be issued at a subscription price of C$20.00 per CAD Unhedged ETF Unit and 100,000 USD Unhedged ETF Units will be issued at a subscription price of US$20.00 per USD Unhedged ETF Unit. Evolve ETF is authorized to issue an unlimited number of Units, each of which represents an equal, undivided interest in the net assets of Evolve ETF and there is no minimum number of ETF Units that may be offered. |
| TSX contact: | Chris Birkett, Managing Director, Toronto Stock Exchange |