Exchange Bulletin
Arrow EC Equity Advantage Alternative Fund (ADIV) To Trade On Toronto Stock Exchange
January 9, 2024
Issuer: Arrow EC Equity Advantage Alternative Fund (the "ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Series ETF Units | ADIV | 50,000 | None | $20.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of Series ETF Units (the "Offering") |
| Anticipated closing date: | January 9, 2024 |
| Listing date: | January 10, 2024 (as at 5:01 pm) subject to confirmation of closing of the Offering. |
| Posted for trading date: | January 11, 2024 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | TD Securities Inc. |
| Investor relations: | Robert Maxwell rmaxwell@arrow-capital.com (416) 847-3980 Tanesh Vaswani tvaswani@arrow-capital.com (416) 642-3501 |
| Incorporation: | The ETF has been established as a mutual fund trust created under the laws of Ontario and is governed by an amended and restated declaration of trust, dated November 17, 2017 (as amended pursuant to a sixth supplemental dated December 29, 2023). |
| Manager and Trustee: | Arrow Capital Management Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The investment objective of the ETF is to earn long-term returns and preserve capital by taking both long and short positions in a diversified portfolio of primarily North American equity securities. The ETF will use leverage. The leverage will be created through the use of cash borrowings, short sales and derivative contracts. The ETF's leverage shall not exceed the limits on the use of leverage described in the in the Simplified Prospectus or as otherwise permitted under applicable securities legislation. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Distributions: | If required, the ETF will pay a dividend each December to holders of Series ETF Units. |
| Sponsorship: | Not applicable |
| Offering document: | Simplified Prospectus dated December 31, 2023, which is available at www.sedarplus.ca. Capitalized terms not otherwise defined herein are as defined in the Offering document. |
| Initial public offering: | 50,000 Series ETF Units will be issued at a subscription price of $20.00 per Series ETF Unit. Series ETF Units will be issued and sold on a continuous basis and there is no maximum number of Series ETF Units that may be issued. |
| TSX contact: | Selma Thaver, Managing Director, TSX Listings |