04:00:53 EDT Fri 17 May 2024
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Franklin Canadian Government Bond to trade on TSX

2024-04-04 19:29 ET - New Listing

The Toronto Stock Exchange reports that Franklin Canadian Government Bond Fund will be listed at 5:01 p.m. on April 5, 2024, for trading at the open on April 8, 2024. According to the TSX, there will be 50,000 ETF (exchange-traded fund) series units of the ETF issued and outstanding, with no securities reserved for issuance. The units will trade under the symbol FGOV, in Canadian dollars and with Cusip No. 352914 10 5.

The TSX reports that the ETF invests primarily in bonds issued or guaranteed by Canadian federal, provincial and municipal governments or their agencies, mortgage-backed securities, and real return bonds. According to the TSX, the ETF expects to pay cash distributions on its units, if any, on a monthly basis. Its manager and trustee is Franklin Templeton Investments Corp., its transfer agent and registrar is JP Morgan Bank Canada at its principal office in Toronto, and its fiscal year-end is Dec. 31.

As stated in the amendment No. 3 dated March 13, 2024, to the simplified prospectus dated May 17, 2023, the ETF is issuing 50,000 units at $20 per unit in its initial public offering. It expects to close the offering on April 8, 2024. The designated market-maker is CIBC World Markets Inc.

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