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LFG Daily (2X) MSTR Long to trade on TSX

2025-06-27 19:55 ET - New Listing

The Toronto Stock Exchange reports that LFG Daily (2X) MSTR Long ETF will be listed at 5:01 p.m. on June 30, 2025, for trading at the open on July 2, 2025. According to the TSX, there will be 500,000 shares of the exchange-traded fund (ETF) issued and outstanding, with no securities reserved for issuance. The shares will trade under the symbol MSTU, in Canadian dollars and with Cusip No. 54315B 66 4.

The TSX reports that the ETF seeks daily investment results that endeavour to correspond, before fees and expenses, with two times the daily return (on a percentage basis) of the common stock of MicroStrategy Inc. -- Class A. The ETF does not hedge its currency exposure to the U.S. dollar. 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 June 16, 2025, the ETF is issuing 500,000 shares at $20.32 per share in its initial public offering. It expects to close the offering on June 30, 2025. The designated market-maker is National Bank Financial Inc.

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