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Bulletin de la Bourse
Evolve Slate Global Real Estate Enhanced Yield Fund (BILT) inscrit à la Bourse de Toronto
20 septembre 2022
Issuer: Evolve Slate Global Real Estate Enhanced Yield Fund (the "Evolve ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Canadian dollar denominated hedged ETF units ("Hedged Units") | BILT | 50,000 | None | $20.00 |
| Listing category: | Non-Corporate |
| Trading currency | CDN$ |
| Transaction: | Initial public offering of Hedged Units (the "Offering") |
| Listing date: | September 21, 2022 (as at 5:01 p.m.) in anticipation of closing of the Offering. |
| Anticipated closing date: | September 22, 2022 (prior to the opening) |
| Posted for trading date: | September 22, 2022 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | National Bank Financial Inc. |
| Investor relations: | Elliot Johnson Chief Investment Officer and Chief Operating Officer (416) 558-6661 ejohnson@evolveetfs.com Keith Crone Executive Vice-President, Head of Marketing (416) 697-5152 kcrone@evolveetfs.com |
| Incorporation: | The Evolve ETF is a mutual fund established under the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated as of September 13, 2022 |
| Manager and Trustee: | Evolve Funds Group Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The Evolve ETF seeks to provide a recurring income level consistent with the underlying rental income derived from properties owned by the publicly listed real estate issuers held by the Evolve ETF. The Evolve ETF targets a yield return in excess of the yield return of the FTSE EPRA/NAREIT Developed Index. The Evolve ETF aims to achieve a level of volatility which is lower than the volatility of the FTSE EPRA/NAREIT Developed Index measured by using the standard deviation of returns. The expected return will be derived from the yield return but also from capital appreciation and potentially other yield enhancing strategies. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Dividends: | Cash distributions of income, if any, on the Hedged Units will be paid monthly. |
| Sponsorship: | Not applicable. |
| Offering document: | Prospectus dated September 13, 2022 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Initial public offering: | 50,000 Hedged Units will be issued at a subscription price of $20.00 per Hedged Unit. The Evolve ETF is authorized to issue an unlimited number of Hedged Units, each of which represents an equal, undivided interest in the net assets of the Evolve ETF and there is no minimum number of Hedged Units that may be offered. |
| TSX contact: | Selma Thaver, Director, TSX Listings |