All June 30, 2016, trades in the units of Purpose U.S. Cash ETF that trade in U.S. dollars will be for special settlement on July 5, 2016, according to the Toronto Stock Exchange. The TSX reports that since all trades in this ETF currently settle T plus one on a permanent basis, T plus two special settlement rules are being imposed to accommodate the U.S. banking holiday on July 4, 2016.
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