ROI Canadian Mortgage Income Fund To Trade On Toronto Stock Exchange
ROI Canadian Mortgage Income Fund (the “Fund”) - An application has been granted for the original listing in the Industrial category of up to 49,208,729 Class A units (“Class A Units”), of which 46,865,456 Class A Units will be issued and outstanding, and 2,343,273 Class A Units will be reserved for issuance.
The Class A Units of the Fund will be listed and posted for trading at the opening on Friday, December 7, 2012.
Additional information on the Class A Units may be found in the final non-offering prospectus dated November 29, 2012 (the “Prospectus”), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.
Stock Symbol: “RIL.UN”
CUSIP: 74965V 10 9
Trading Currency: CDN$
Market Maker: RBC Capital Markets
Address: 37 Front Street East, 4th Floor
Telephone Number:(416) 361-6162
Fax Number:(416) 361-3013
Investor Relations:David Sharpe
Gil Garbus Jr.
Chief Compliance Officer
Chief Financial Officer:David Dundas
Incorporation:The Fund is a closed-end investment fund established under the law of the Province of Ontario as “ROI Private Placement Fund” pursuant to a declaration of trust dated as of January 3, 2007, as amended March 11, 2008, February 17, 2009, August 4, 2011, March 9, 2012, November 5, 2012, November 9, 2012, and November 29, 2012. On November 7, 2012 the name of the Fund was changed to “ROI Canadian Mortgage Income Fund”.
Manager of the Fund:Return On Innovation Advisors Ltd.
Fiscal Year End:December 31
Nature of Business:The Fund's investment objective is to provide Unitholders of the Fund with attractive risk adjusted, monthly, tax advantaged cash distributions, a nominal after-tax current yield, long-term capital appreciation and preservation of capital by investing primarily, directly or indirectly in, or by obtaining economic exposure through the Forward Agreement to, an actively managed diversified portfolio of commercial mortgages, loans secured by, or that provide a participating interest in, real property or ownership interests in real property.
Transfer Agent &
Registrar:CIBC Mellon Trust Company at its principal office in Toronto.
Distributions:The Fund anticipates paying a targeted monthly distribution of $0.042 per Unit based on an assumed Net Asset Value per Unit of $10.00. This equates to an implied cash flow yield of 5.04% annually. The distributable cash flow and monthly distributions to Unitholders will be substantially based upon the interest and other income earned on the investments held by the Fund and pre-settlement of the Forward Agreement. There is no assurance that the Net Asset Value per Unit will be $10.00 or that the targeted monthly distributions will be made.
Normal Course Issuer Bid:Toronto Stock Exchange ("TSX") has accepted a Notice of Intention from the Company to make a Normal Course Issuer Bid to purchase up to 4,686,235 Class A Units, being approximately 10% of the public float of the Class A Units issued and outstanding as of December 3, 2012. Purchases pursuant to the bid may begin December 7, 2012 on the open market through the facilities of TSX. The bid expires no later than December 6, 2013.