Exchange Bulletin
US High Interest Savings Account Fund (HISU.U) To Trade On Toronto Stock Exchange
August 29, 2022
Issuer: US High Interest Savings Account Fund ("Evolve ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Unhedged ETF Units (USD$) | HISU.U | 25,000 | None | US$100.00 |
| Listing category: | Non-Corporate |
| Trading currency | US$ |
| Transaction: | Initial public offering (the "Offering") of Unhedged ETF Units (USD$) (the " Unhedged ETF Units") |
| Listing date: | August 30, 2022 (as at 5:01 p.m.) in anticipation of closing of the Offering. |
| Anticipated closing date: | August 31, 2022 (prior to the opening) |
| Posted for trading date: | August 31, 2022 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | CIBC World Markets Inc. |
| Investor relations: | Elliot Johnson Tel: (416) 558-6661 Email: ejohnson@evolveetfs.com - and - Keith Crone Tel: (416) 697-5152 Email: kcrone@evolveetfs.com |
| Incorporation: | An investment fund established under the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated as of August 23, 2022. |
| Manager and Trustee: | Evolve Funds Group Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | Evolve ETF seeks to maximize monthly income while preserving capital and liquidity by investing primarily in high interest US dollar deposit accounts. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Dividends: | Cash distributions of income, if any, on the Unhedged ETF Units will be paid monthly. |
| Sponsorship: | Not applicable. |
| Offering document: | Prospectus dated August 23, 2022 (the "Prospectus"), 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 Evolve ETF will be on a T+1 settlement on a permanent basis. The Unhedged ETF Units trading under symbol "HISU.U" will be quoted and traded on TSX in US funds and trading information regarding "HISU.U" will appear under the heading "Trading in US Funds" in the TSX Monthly Review. |
| Initial public offering: | 25,000 Unhedged ETF Units will be issued at a subscription price of US$100.00 per Unhedged ETF Unit. Evolve ETF is authorized to issue an unlimited number of Unhedged ETF Units, each of which represents an equal, undivided interest in the net assets of Evolve ETF and there is no minimum number of Units that may be offered. |
| TSX contact: | Selma Thaver, Director, TSX Listings |