Exchange Bulletin
TD Target 2027 U.S. Investment Grade Bond ETF (TBUG.U) To Trade On Toronto Stock Exchange
April 8, 2024
Issuer: TD Target 2027 U.S. Investment Grade Bond ETF (the "TD ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| USD Units | TBUG.U | 40,000 | None | USD $25 |
| Listing category: | Non-Corporate |
| Trading currency: | USD$ |
| Transaction: | Initial public offering of USD Units (the "Offering") |
| Anticipated closing date: | April 9, 2024 |
| Listing date: | April 8, 2024 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Posted for trading date: | April 9, 2024 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | TD Securities Inc. |
| Investor relations: | Huck Oon (416) 308-9049 Huck.Oon@td.com |
| Incorporation: | The TD ETF is an exchange-traded mutual fund established as a trust under the laws of the Province of Ontario pursuant to an amended master declaration of trust dated February 27, 2024. |
| Manager and Trustee: | TD Asset Management Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The TD ETF seeks to provide regular income and preserve capital by investing primarily in a portfolio of investment-grade U.S. corporate bonds denominated in U.S. dollars each maturing in 2027, which corresponds to the expected year of termination of the TD ETF. It is anticipated that the TD ETF will cease trading and be delisted on or about November 30, 2027, with wind-up and termination occurring shortly thereafter. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Distributions: | Cash distributions, if any, will be payable monthly in the currency in which the USD Units are denominated. |
| Sponsorship: | Not applicable |
| Offering document: | Prospectus dated February 29, 2024 (the "Prospectus"), which is available at www.sedarplus.ca. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Additional information: | 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: | 40,000 USD Units will be issued at a subscription price of USD $25 per USD Unit. The TD ETF is authorized to issue an unlimited number of USD Units. The USD Units of the TD ETF are being issued and sold on a continuous basis and there is no maximum number of USD Units that may be issued. |
| TSX contact: | Selma Thaver, Managing Director, TSX Listings |