Exchange Bulletin
Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY) To Trade On Toronto Stock Exchange
October 2, 2023
Issuer: Evolve NASDAQ Technology Enhanced Yield Index Fund ("Evolve ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Hedged Canadian dollar denominated units (the "CAD Hedged Units") | QQQY | 250,000 | None | C$20.00 |
| Listing category: | Non-Corporate |
| Trading currency of CAD Hedged Units: | CDN$ |
| Transaction: | Initial public offering (the "Offering") of CAD Hedged Units, (the "Units"). |
| Anticipated closing date: | October 3, 2023 |
| Listing date: | October 3, 2023 (as at 5:01 p.m.) subject to closing of the Offering. |
| Posted for trading date: | October 4, 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 September 27, 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 WeightedTM Index, or any successor thereto (the "Index"). To enhance yield, as well as to mitigate risk and reduce volatility, Evolve ETF will employ a covered call option writing program at the discretion of the Manager. The level of covered call option writing may vary based on market volatility and other factors. |
| 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 monthly, in the currency in which the Units are denominated. |
| Sponsorship: | Not applicable. |
| Offering document: | Prospectus dated September 27, 2023 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Initial public offering: | 250,000 Units will be issued at a subscription price of C$20 per 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 |