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RBC Quant Emerging Markets to list on TSX Oct. 22

2014-10-20 20:21 ET - New Listing

RBC Quant Emerging Markets Dividend Leaders ETF will begin trading on the Toronto Stock Exchange as an industrial issuer at the open on Wednesday, Oct. 22, 2014, according to the TSX. The exchange reports the ETF will seek to provide unitholders with exposure to the performance of a diversified portfolio of high-quality dividend-paying equity securities in emerging markets that will provide regular income and that have the potential for long-term capital growth.

The ETF plans to pay monthly distributions, expected to consist primarily of foreign investment income, but may also include net realized capital gains and returns of capital. The ETF will issue and sell units on a continuous basis, and there is no maximum number of units it can issue. It plans to sell 150,000 units at $20 each and 50,000 U.S.-dollar units at $17.73 (U.S.) each under its initial public offering. The manager of the ETF is RBC Global Asset Management Inc.

The ETF's units will trade under the symbol RXD and Cusip No. 74932U 10 1. The U.S.-dollar units will trade under the symbol RXD.U and Cusip No. 74932U 20 0.

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