The Toronto Stock Exchange reports that Evolve Nasdaq Technology Enhanced Yield Index 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 250,000 hedged Canadian-dollar-denominated units of the fund issued and outstanding, with no securities reserved for issuance. The units will trade under the symbol QQQY and with Cusip No. 30053Y 30 6.

The TSX reports that the fund seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted Index or any successor thereto. 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 250,000 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 National Bank Financial Inc.