PowerShares S&P 500 High Beta (CAD Hedged) Index ETF (the “PowerShares ETF”) - An application has been granted for the original listing in the Industrial category of 125,000 redeemable, transferable units (the “Units”), all of which will be issued and outstanding, upon the completion of an initial public offering.....
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Listing of the Units will become effective at 5:01 p.m. on Monday, April 23, 2012 in anticipation of the offering closing on Tuesday, April 24, 2012. The Units will be posted for trading at the opening on April 24, 2012.
The PowerShares ETF is authorized to issue an unlimited number of Units each of which represents an equal, undivided interest in the assets of the PowerShares ETF. Units of the PowerShares ETF are being issued and sold on a continuous basis and there is no maximum number that may be issued.
The PowerShares ETF is an exchange-traded mutual fund established as a trust under the laws of the Province of Ontario which seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the S&P 500 High Beta Index (CAD Hedged).
Registration of interests in, and transfers of, the Units will be made only through the book-entry only system of CDS Clearing and Depository Services Inc. (“CDS”). Units must be purchased, transferred and surrendered for exchange or redemption only through a CDS Participant. Beneficial owners will not have the right to receive physical certificates evidencing their ownership.
Stock Symbol: UHB CUSIP: 73938P 10 8 Currency: CDN$
Market Maker: BMO Nesbitt Burns Inc.
Other Markets: None
Source: ETFWorld - TMX