Exchange Bulletin
Evolve NASDAQ Technology Index Fund (QQQT, QQQT.B, QQQT.U) To Trade On Toronto Stock Exchange
July 10, 2023
Issuer: Evolve NASDAQ Technology Index Fund ("Evolve ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Hedged Canadian dollar denominated units ( the "CAD Hedged Units") | QQQT | 50,000 | None | C$20.00 |
| Unhedged Canadian dollar denominated units (the "CAD Unhedged Units") | QQQT.B | 50,000 | None | C$20.00 |
| Unhedged United States dollar denominated units (the "USD Unhedged Units") | QQQT.U | 50,000 | None | US$20.00 |
| Listing category: | Non-Corporate |
| Trading currency of CAD Hedged Units and CAD Unhedged Units: | CDN$ |
| Trading currency of USD Unhedged Units: | US$ |
| Transaction: | Initial public offering (the "Offering") of CAD Hedged Units, CAD Unhedged Units and USD Unhedged Units (collectively, the "Units"). |
| Anticipated closing date: | July 11, 2023 |
| Listing date: | July 11, 2023 (as at 5:01 p.m.) in anticipation of closing of the Offering. |
| Posted for trading date: | July 12, 2023 (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: | Elliot Johnson Tel: (416) 558-6661 Email: ejohnson@evolveetfs.com - and - Keith Crone Tel: (416) 697-5152 Email: kcrone@evolveetfs.com |
| Incorporation: | Exchange traded mutual fund established under the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated as of July 4, 2023. |
| Manager and Trustee: | Evolve Funds Group Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | Evolve ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the NASDAQ-100 Technology Sector Adjusted Market-Cap Weighted Index, or any successor thereto. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Dividends: | Cash distributions of income, if any, on Units will be paid quarterly, in the currency in which the Units are denominated. |
| Sponsorship: | Not applicable. |
| Offering document: | Prospectus dated July 4, 2023 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Additional Information: | The USD Unhedged Units will be quoted and traded on Toronto Stock Exchange in US funds and trading information regarding the USD Unhedged Units will appear under the heading "Trading in US Funds" in the TSX Monthly Review. |
| Initial public offering: | 50,000 CAD Hedged Units will be issued at a subscription price of C$20.00 per CAD Hedged Unit, 50,000 CAD Unhedged Units will be issued at a subscription price of C$20.00 per CAD Unhedged Unit and 50,000 USD Unhedged Units will be issued at a subscription price of US$20.00 per USD Unhedged Unit. Evolve ETF is authorized to issue an unlimited number of 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, Managing Director, TSX Listings |