Exchange Bulletin
Accelerate Carbon-Negative Bitcoin ETF (ABTC, ABTC.U) To Trade On Toronto Stock Exchange
August 27, 2021
Issuer: Accelerate Carbon-Negative Bitcoin ETF (the "ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| CAD Units (the "Units") | ABTC, ABTC.U | 300,000 | None | CAD $5.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ (ABTC), US$ (ABTC.U) |
| Transaction: | Initial public offering of the Units (the "Offering") |
| Listing date: | August 30, 2021 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | August 31, 2021 (prior to the opening) |
| Posted for trading date: | August 31, 2021 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | Virtu ITG Canada Corp. |
| Security ownership registration: | CDS book-entry only system |
| Investor relations: | Michael Lee Hing (403) 975-5294 mleehing@acceleratefintech.com OR Michael Kesslering (403) 680-3641 michael@acceleratefintech.com |
| Incorporation: | The ETF is an exchange-traded alternative mutual fund trust established under the laws of Ontario on July 29, 2021 pursuant to a master declaration of trust dated March 22, 2019, as amended as of August 25, 2021. |
| Manager: | Accelerate Financial Technologies Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The ETF seeks to provide investors with exposure to the performance of bitcoin by investing in derivatives that provide exposure to bitcoin. The Manager of the ETF also intends to sequester over 100% of the estimated carbon dioxide emissions attributable to bitcoin transactions that the ETF is indirectly exposed to by funding decarbonisation initiatives. To seek to achieve its investment objective, the ETF will invest directly in bitcoin futures contracts traded on the Chicago Mercantile Exchange. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Distributions: | It is not anticipated that the ETF will make regular cash distributions. Distributions, if any, to Unitholders of the ETF will be made at the discretion of the Manager. |
| Sponsorship: | Not applicable |
| Offering document: | Prospectus dated July 29, 2021, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Additional Information: | Participating Organizations should note that all trades in the ETF will be on a T+1 settlement on a permanent basis. The Units trading under symbol "ABTC.U" will be quoted and traded on TSX in US funds and trading information regarding "ABTC.U" will appear under the heading "Trading in US Funds" in the TSX Monthly Review |
| Initial public offering: | 300,000 Units will be issued at a subscription price of CAD $5.00 per Unit. The ETF is authorized to issue an unlimited number of Units. 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, Managing Director, Toronto Stock Exchange |