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MegaLong (3X) Canadian Gold Miners to trade on TSX

2025-05-27 21:22 ET - New Listing

The Toronto Stock Exchange reports that MegaLong (3X) Canadian Gold Miners Daily Leveraged Alternative ETF will be listed at 5:01 p.m. on May 28, 2025, for trading at the open on May 29, 2025. According to the TSX, there will be 250,000 shares of the exchange-traded fund (ETF) issued and outstanding, with no securities reserved for issuance. The shares will trade under the symbol CGMU, in Canadian dollars and with Cusip No. 54315B 70 6.

The TSX reports that the ETF seeks daily investment results, before fees, expenses and other transaction costs, that endeavour to correspond with three times the daily performance of its underlying benchmark, currently the Solactive Canadian Gold Miners Index. According to the TSX, the ETF does not currently intend to pay regular dividends or returns of capital on its shares.

The ETF's manager is LongPoint Asset Management 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 May 16, 2025, the ETF is issuing 500,000 shares at $20 per share in its initial public offering. It expects to close the offering on May 28, 2025. The designated market-maker is National Bank Financial Inc.

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