Mulvihill Capital Management Inc. announced that the Mulvihill Canadian Bank ETF (MBNK) has closed its initial public offering and commenced trading on the Toronto Stock Exchange (TSX) on June 23, 2026, under the ticker symbol "MBNK". The fund is classified as an "alternative mutual fund" under National Instrument 81-102 Investment Funds. Its primary investment objective is to deliver long-term capital appreciation and monthly cash distributions to securityholders through a portfolio focused on the common shares of Canada's largest banks.

The ETF's portfolio principally consists of equity securities from six major Canadian financial institutions. By concentrating on these established banks, the fund seeks to provide investors with exposure to the stability and growth potential of the Canadian banking sector. The strategy is designed to generate regular income for investors through monthly distributions derived from the dividends of these underlying securities.

To potentially generate additional income above the dividends earned on its equity holdings, MBNK may engage in option-writing strategies. Specifically, the fund may write covered call options and/or cash-covered put options on a portion of the securities within its portfolio. These strategies are intended to enhance the overall yield of the fund, although they involve specific risks and considerations regarding the potential upside of the underlying shares.

The following table outlines the six banks that constitute the core of the MBNK portfolio:

Mulvihill Capital Management Inc., the trustee and manager of the Mulvihill ETFs, is a Canadian investment manager specializing in enhanced yield equity strategies. Founded in 1995, the firm manages option-related strategies for retail, high net worth, and institutional clients through mutual funds, ETFs, and separately managed accounts. The firm's portfolio management team collectively holds over 150 years of industry experience.