The Toronto Stock Exchange reports that Evolve Canadian Energy Enhanced Yield Index Fund will be listed at 5:01 p.m. on March 26, 2025, for trading at the open on March 27, 2025. According to the TSX, there will be 50,000 unhedged units of the exchange-traded fund (ETF) issued and outstanding, with no securities reserved for issuance. The units will trade under the symbol OILY, in Canadian dollars and with Cusip No. 30054V 10 3.

The TSX reports that the ETF seeks to replicate, to the extent reasonably possible before fees and expenses, a multiple of up to 1.25 times the performance of the Solactive Canada Energy Top 10 Index or any successor thereto, while mitigating downside risk. The ETF primarily invests in the equity constituents of the Solactive Canada Energy Top 10 Index. To enhance yield, as well as to mitigate risk and reduce volatility, the ETF will employ a covered call option writing program at the discretion of the manager. The ETF will use leverage in order to seek to achieve its investment objective.

According to the TSX, the ETF will pay cash distributions of income on its units, if any, on a monthly basis in the currency in which the units are denominated. The ETF'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 March 17, 2025, the ETF is issuing 50,000 unhedged units at $10 per unit in its initial public offering. It expects to close the offering on March 26, 2025. The designated market-maker is National Bank Financial Inc.