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BMO Global Agriculture to trade on TSX Jan. 26

2023-01-24 20:19 ET - New Listing

The Toronto Stock Exchange reports that BMO Global Agriculture ETF will be listed at 5:01 p.m. on Jan. 25, 2023, for trading at the open on Jan. 26, 2023. According to the TSX, there will be 100,000 Canadian-dollar units of the exchange-traded fund (ETF) issued and outstanding, with no securities reserved for issuance. The units will trade under the symbol ZEAT and with Cusip No. 05592M 10 4.

The TSX reports that the ETF seeks to provide exposure to the performance of a portfolio of global agriculture and agriculture related companies to provide long-term capital appreciation. According to the TSX, the ETF expects to pay cash distributions on its units on a quarterly basis in the currency in which the units are denominated.

As stated in its prospectus dated Jan. 17, 2023, the ETF will issue 100,000 Canadian-dollar units at $30 per unit in its initial public offering. It expects to close the offering on Jan. 26, 2023. The ETF's manager and trustee is BMO Asset Management Inc., its transfer agent and registrar is State Street Trust Company Canada at its principal offices in Toronto, and its fiscal year-end is Dec. 31. The designated market-maker is BMO Nesbitt Burns Inc.

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