18:50:07 EST Sat 29 Nov 2025
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Evolve Big Six Canadian Banks to trade on TSX

2025-11-28 19:38 ET - New Listing

The Toronto Stock Exchange reports that Evolve Big Six Canadian Banks UltraYield Index ETF will be listed at 5:01 p.m. on Dec. 1, 2025, for trading at the open on Dec. 2, 2025. According to the TSX, there will be 40,000 unhedged exchange-traded fund (ETF) units of the ETF issued and outstanding, with no securities reserved for issuance. The units will trade under the symbol SIXY, in Canadian dollars and with Cusip No. 299937 10 2.

The TSX reports that the ETF seeks to provide exposure to an equal-weighted portfolio of Canadian banks while generating enhanced income through a covered call strategy. The ETF aims to replicate, to the extent reasonably possible before fees and expenses, up to a 1.33 times multiple of the performance of the Solactive Equal Weight Canada Banks Index or a successor index. To enhance yield and manage risk, the ETF will employ a covered call option writing program at the discretion of the manager. The level of covered call option writing may vary based on market conditions. The ETF will use modest leverage in order to seek to achieve its investment objective. Leverage will be created through the use of cash borrowings and/or derivatives, or as otherwise permitted under applicable securities legislation.

According to the TSX, the ETF expects to pay cash distributions, if any, on its units at least semi-monthly, with the possibility of more frequent distributions at the manager's discretion. The ETF's manager and trustee is Evolve Funds Group Inc., its transfer agent and registrar is TSX Trust Company at its principal office in Toronto, and its fiscal year-end is Dec. 31.

As stated in its prospectus dated Nov. 25, 2025, the ETF is issuing 40,000 unhegded units at $25 per unit in its initial public offering. The ETF expects to close the offering on Dec. 1, 2025. The designated market-maker is CIBC World Markets Inc.

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