Exchange Bulletin
BMO Target 2027 Canadian Corporate Bond ETF (ZXCO) To Trade On ÍÃ×ÓÏÈÉú
March 20, 2025
Issuer: BMO Target 2027 Canadian Corporate Bond ETF (the "ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| CAD Units | ZXCO | 100,000 | None | $10 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of CAD Units (the "Units") (the "Offering"). |
| Anticipated closing date: | March 21, 2025 |
| Listing date: | March 20, 2025 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Posted for trading date: | March 21, 2025 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | BMO Nesbitt Burns Inc. |
| Investor relations: | Sara Petrcich Head of Exchange Traded Funds and Structured Solutions BMO Asset Management Inc. (416) 263-0487 sara.petrcich@bmo.com |
| Incorporation: | The ETF is a trust established under the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated February 28, 2025. |
| Manager and Trustee: | BMO Asset Management Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The ETF seeks to provide income for a limited period of time ending on or about November 19, 2027 or an earlier date upon not less than 60 days' notice to unitholders (the "ETF Maturity Date") by investing primarily in investment-grade debt instruments of issuers in Canada that have an effective maturity in 2027 or within the twelve months preceding the ETF Maturity Date, and by using derivatives to implement a hedging strategy designed to minimize reinvestment risk in 2027 as a result of staggered bond maturity dates. |
| Transfer agent and registrar: | State Street Trust Company Canada at its principal offices in Toronto. |
| Distributions: | Cash distributions on Units of the ETF, if any, are expected to be made on a quarterly basis. |
| Sponsorship: | Not applicable. |
| Offering document: | Amended and Restated Simplified Prospectus dated February 28, 2025, amended and restating the Simplified Prospectus dated January 21, 2025 (the "Prospectus"), which is available at . Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Initial public offering: | 100,000 Units will be issued at a subscription price of CDN $10 per Unit. Units are being issued and sold on a continuous basis and there is no maximum number of Units that may be issued. |
| TSX contact: | Selma Thaver, Managing Director, TSX Listings |