Exchange Bulletin
Picton Mahoney Fortified Alpha Alternative Fund (PFAA) To Trade On Toronto Stock Exchange
May 5, 2022
Issuer: Picton Mahoney Fortified Alpha Alternative Fund (the "ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| ETF units (the "Units") | PFAA | 100,000 | None | $10.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of Units (the "Offering") |
| Anticipated closing date: | May 6, 2022 |
| Listing date: | May 6, 2022 (as at 5:01 p.m.) subject to confirmation of closing of the Offering |
| Posted for trading date: | May 9, 2022 (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 Vice President, Operations Tel: (416) 955-4111 Email: cpersaud@pictonmahoney.com - and - Patrick Laurence Vice President, 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, August 17, 2020 and July 8, 2021. The DOT was further amended on April 20, 2022 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 provide consistent long-term capital appreciation and to provide holders with an attractive risk adjusted rate of return. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Distributions: | Net Income distributions, if any on the Units of the ETF will be paid in cash and are expected to be paid annually, 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 each dated April 20, 2022 (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: | Selma Thaver, Director, TSX Listings |