Exchange Bulletin
Picton Mahoney Fortified Special Situations Alternative Fund (PFSS) To Trade On Toronto Stock Exchange
July 15, 2021
Issuer: Picton Mahoney Fortified Special Situations Alternative Fund (the "ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| ETF units (the "Units") | PFSS | 100,000 | None | $10.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of Units (the "Offering") |
| Listing date: | July 16, 2021 (as at 5:01 p.m.) in anticipation of closing of the Offering. |
| Anticipated closing date: | July 16, 2021 |
| Posted for trading date: | July 19, 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: | Cindy Persaud Director, Operations Tel: (416) 955-4111 Email: cpersaud@pictonmahoney.com - and - Patrick Laurence Director, Operations Tel: (416) 955-4758 Email: plaurence@pictonmahoney.com |
| Incorporation: | An alternative mutual fund organized as an open-ended fund trust governed under the laws of the Province of Ontario pursuant to a declaration of trust (the "DOT") dated September 19, 2018, as amended and restated on June 26, 2019, July 7, 2020 and August 17, 2020. The DOT was further amended on July 8, 2021 to accommodate the addition of the Units and the formation of the ETF. |
| Manager and Trustee: | Picton Mahoney Asset Management |
| Fiscal year end: | December 31 |
| Nature of business: | The ETF seeks to maximize total return to unitholders through income and capital appreciation by investing primarily in event-driven situations in global fixed income while mitigating capital loss through shorting and other hedging strategies. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| No Switching of Units: | Units of one ETF may not be switched for Units of another ETF. |
| Distributions | Net Income distributions, if any on the Units of the ETF will be paid in cash and are expected to be paid monthly, and net capital gains distributions, if any on the Units of the ETF will be paid in cash and are expected to be paid annually in December. |
| Sponsorship: | Not applicable |
| Offering document: | Simplified Prospectus and Annual Information Form dated July 8, 2021 (the "Offering Documents") which are available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Offering Documents. |
| Initial public offering: | 100,000 Units will be issued at a subscription price of $10.00 per Unit. The Units 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, Managing Director, Toronto Stock Exchange |