Exchange Bulletin
RBC U.S. Dividend Covered Call ETF (RUDC) To Trade On Toronto Stock Exchange
January 13, 2023
Issuer: RBC U.S. Dividend Covered Call ETF ("RBC ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Canadian dollar-denominated ETF units (the "CAD Units") | RUDC | 200,000 | None | C$20.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of CAD Units (the "Offering"). |
| Anticipated closing date: | January 13, 2023 |
| Listing date: | January 16, 2023 (as at 5:01 p.m.) subject to confirmation of closing of the Offering. |
| Posted for trading date: | January 17, 2023 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | CIBC World Markets Inc. |
| Investor relations: | Stephen Hoffman Vice President, Exchange Traded Funds 416-955-5321 stephen.hoffman@rbc.com |
| Incorporation: | The RBC ETF is established under the laws of the Province of Ontario pursuant to the amended and restated master declaration of trust dated January 3, 2023. |
| Manager and Trustee: | RBC Global Asset Management Inc. |
| Fiscal year end: | September 30 |
| Nature of business: | The investment objective of the RBC ETF is to provide unitholders with exposure to the performance of a diversified portfolio of high-quality U.S. equity securities that are expected to provide regular income from dividends and have the potential for long term capital growth, while mitigating some downside risk through the use of covered call options. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Distributions: | Cash distributions on CAD Units of the RBC ETF are expected to be made monthly. |
| Sponsorship: | Not applicable |
| Offering document: | Prospectus dated August 26, 2022 which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Initial public offering: | 200,000 CAD Units will be issued at a subscription price of $20.00. The RBC ETF is authorized to issue an unlimited number of CAD Units, each of which represents an equal, undivided interest in the net assets of the RBC ETF. The CAD Units of the RBC ETF are being issued and sold on a continuous basis and there is no maximum number of CAD Units that may be issued. |
| TSX contact: | Selma Thaver, Director, TSX Listings |