Exchange Bulletin
Horizons 0-3 Month U.S. T-Bill ETF (UBIL.U) To Trade On Toronto Stock Exchange
April 11, 2023
Issuer: Horizons 0-3 Month U.S. T-Bill ETF (the "ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Class A units (the "Units") | UBIL.U | 600,001 | None | US$50.00 |
| Listing category: | Non-Corporate |
| Trading currency: | US$ |
| Transaction: | Initial public offering of the Units (the "Offering") |
| Listing date: | April 12, 2023 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | April 13, 2023 (prior to the opening) |
| Posted for trading date: | April 13, 2023 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | National Bank Financial Inc. |
| Investor relations: | Martin Fabregas Tel.: (416) 601-2508 mfabregas@horizonsetfs.com |
| Incorporation: | The ETF is an open-end mutual fund trust established under the laws of Ontario, on April 4, 2023 pursuant to an amended and restated master declaration of trust. |
| Manager: | Horizons ETFs Management (Canada) Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The ETF seeks to provide interest income through exposure to U.S. Treasury Bills with remaining maturities generally less than 3 months. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Distributions: | It is anticipated that the ETF will make distributions to its Unitholders on a monthly basis. |
| Sponsorship: | Not applicable |
| Offering document: | Prospectus dated April 4, 2023 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 will be traded in U.S. funds. Accordingly, they will appear under the heading U.S. funds in newspapers and the Exchange's Daily Record and Monthly Review. |
| Initial public offering: | 600,001 Units will be issued at a subscription price of US$50.00 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: | Selma Thaver, Managing Director, TSX Listings |