Exchange Bulletin
BMO USD Cash Management ETF (ZUCM, ZUCM.U) To Trade On Toronto Stock Exchange
September 28, 2023
Issuer: BMO USD Cash Management ETF (the "ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| CAD Units | ZUCM | 50,000 | None | CDN $30 |
| USD Units | ZUCM.U | 50,000 | None | USD $30 |
| Listing category: | Non-Corporate |
| Trading currency of CAD Units: | CDN$ |
| Trading currency of USD Units: | USD$ |
| Transaction: | Initial public offering of CAD Units and USD Units (together, the "Units") (the "Offering"). |
| Anticipated closing date: | October 2, 2023 (prior to the opening). |
| Listing date: | September 29, 2023 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Posted for trading date: | October 2, 2023 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | BMO Nesbitt Burns Inc. |
| Investor relations: | Sara Petrcich Head of Exchange Traded Funds and Structured Solutions BMO Asset Management Inc. (416) 263-0487 sara.petrcich@bmo.com |
| Incorporation: | The ETF is an exchange traded mutual fund established as a trust under the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated September 11, 2023. |
| Manager and Trustee: | BMO Asset Management Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The ETF seeks to maximize current income, while at the same time preserving capital and maintaining liquidity, by providing unitholders exposure to high quality short term fixed income securities denominated in US dollars. |
| Transfer agent and registrar: | State Street Trust Company Canada at its principal offices in Toronto. |
| Distributions: | Cash distributions on Units of the ETF are expected to be made on a monthly basis in the currency in which the Units are denominated, if at all. |
| Sponsorship: | Not applicable. |
| Offering Document: | Prospectus dated September 11, 2023, which is available at www.sedarplus.ca. 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 USD Units will be quoted and traded on Toronto Stock Exchange in US funds and trading information regarding the USD Units will appear under the heading "Trading in US Funds" in the TSX Monthly Review. |
| Initial public offering: | 50,000 CAD Units will be issued at a subscription price of CDN $30 per CAD Unit and 50,000 USD Units will be issued at a subscription price of USD $30 per USD Unit. 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, Managing Director, TSX Listings |