The Toronto Stock Exchange reports that Evolve Enhanced Yield Bond Fund will be listed at 5:01 p.m. on Oct. 3, 2023, for trading at the open on Oct. 4, 2023. According to the TSX, there will be 50,000 hedged Canadian-dollar-denominated units of the fund issued and outstanding, with no securities reserved for issuance. The units will trade under the symbol BOND and with Cusip No. 30053G 20 6.

The TSX reports that the fund seeks to provide unitholders with attractive monthly income and long-term capital appreciation by investing primarily in fixed income exchange-traded funds (ETFs) or fixed income securities issued in either the United States or Canada. To enhance yield, as well as to mitigate risk and reduce volatility, the fund 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 volatility and other factors.

According to the TSX, the fund'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 Sept. 27, 2023, the fund is issuing 50,000 units at $20 per unit in its initial public offering. It expects to close the offering on Oct. 3, 2023. The designated market-maker is TD Dominion Securities Inc.