Invesco Canadian Dollar Trust Files S-1/A Amendment

TL;DR

CAD ETF filing update. Invesco is keeping things current with the SEC.

AI Summary

Invesco CurrencyShares Canadian Dollar Trust filed an S-1/A amendment on August 13, 2024, related to its registration statement. The trust, incorporated in New York, is sponsored by Invesco Specialized Products, LLC, with Brian Hartigan serving as CEO. The filing is part of the registration process under the Securities Act of 1933.

Why It Matters

This filing indicates ongoing regulatory activity for the Invesco CurrencyShares Canadian Dollar Trust, which tracks the value of the Canadian dollar.

Risk Assessment

Risk Level: low — This is a routine regulatory filing for an existing financial product, not indicating new or unusual risks.

Key Numbers

• 333-280627 — SEC File Number (Identifies the specific registration filing with the SEC.)
• August 13, 2024 — Filing Date (Date the S-1/A amendment was filed with the SEC.)

Key Players & Entities

• Invesco CurrencyShares Canadian Dollar Trust (company) — Registrant
• Invesco Specialized Products, LLC (company) — Sponsor
• Brian Hartigan (person) — CEO of Invesco Specialized Products, LLC
• August 13, 2024 (date) — Filing Date
• 333-280627 (registration_number) — SEC Registration Number

FAQ

Key Financial Figures

• $100,000 — g costs, audit fees and expenses, up to $100,000 per annum in legal fees and expenses, a
• $100 million — the NAV of the Trust remains less than $100 million for 30 consecutive business days; all
• $300 million — price for the Shares, remains less than $300 million for five consecutive trading days; or

Filing Documents

• d811417ds1a.htm (S-1/A) — 367KB
• d811417dex51.htm (EX-5.1) — 10KB
• d811417dex81.htm (EX-8.1) — 10KB
• d811417dex231.htm (EX-23.1) — 2KB
• d811417dexfilingfees.htm (EX-FILING FEES) — 22KB
• g811417g00w01.jpg (GRAPHIC) — 26KB
• g811417g00w03.jpg (GRAPHIC) — 97KB
• g811417g00w04.jpg (GRAPHIC) — 45KB
• g811417g00w05.jpg (GRAPHIC) — 33KB
• g811417g00w06.jpg (GRAPHIC) — 8KB
• g811417g0726084042100.jpg (GRAPHIC) — 3KB
• 0001193125-24-199912.txt ( ) — 705KB

Risk Factors

Risk Factors 6 Glossary of Terms 12 13

Use of Proceeds

Use of Proceeds 13 Overview of the Foreign Exchange Industry 14 The Canadian Dollar 14 Investment Attributes of the Trust 15 Description of the Trust 17 The Sponsor 18 The Trustee 20 The Depository 21 The Distributor 21 Related Party Transaction 22 Invesco CurrencyShares ® Canadian Dollar Trust Organizational Chart 23 Description of the Shares 24 Description of the Deposit Account Agreement 24 Creation and Redemption of Shares 26 Description of the Depositary Trust Agreement 30 United States Federal Tax Consequences 37 ERISA and Related Considerations 40 Plan of Distribution 41

Legal Proceedings

Legal Proceedings 42 Legal Matters 42 Experts 43 Where You Can Find More Information 43 Incorporation of Certain Information by Reference 43 Authorized Participants may be subject to the prospectus delivery requirements of the Securities Act when effecting transactions in the Shares. See Plan of Distribution. This prospectus summarizes certain documents and other information in a manner the Sponsor believes to be accurate. The information contained in the sections captioned Overview of the Foreign Exchange Industry, The Canadian Dollar and Investment Attributes of the Trust is based on information obtained from sources that the Sponsor believes to be reliable. In making an investment decision, you must rely on your own examination of the Trust, the foreign exchange market, the market for the Canadian Dollar, the terms of the offering and the Shares, including the merits and risks involved. Table of Contents Prospectus Summary This is a summary of the prospectus. You should read the entire prospectus, including Risk Factors beginning on page 6 and the information incorporated by reference in this prospectus, before making an investment decision about the Shares. See Glossary of Terms beginning on page 11 for a description of certain terms used in this prospectus. TRUST STRUCTURE The Trust is a grantor trust formed under the laws of the State of New York pursuant to the Depositary Trust Agreement. The Trust holds Canadian Dollars and from time to time issues Baskets in exchange for deposits of Canadian Dollars and distributes Canadian Dollars in connection with redemptions of Baskets. The investment objective of the Trust is for the Shares to reflect the price in USD of the Canadian Dollar. Earning income for Shareholders is not the objective of the Trust. Whether investors earn income primarily depends on the relative value of the Canadian Dollar and the USD. If the Canadian Dollar appreciates relative to the USD and a Shareholder sell

Use of proceeds

Use of proceeds The proceeds received by the Trust from the issuance and sale of Baskets are Canadian Dollars. In accordance with the Depositary Trust Agreement, during the life of the Trust these proceeds will only be (1) owned by the Trust and held by the Depository, (2) disbursed or sold as needed to pay the Trusts expenses and (3) distributed to Authorized Participants upon the redemption of Baskets. NYSE Arca symbol FXC CUSIP 46138T104 2 Table of Contents Creation and redemption The Trust creates and redeems the Shares on a continuous basis, but only in Baskets. A Basket is a block of 50,000 Shares. The creation and redemption of Baskets requires the delivery to the Trust or the distribution by the Trust of the amount of Canadian Dollars represented by the Baskets being created or redeemed, the amount of which is based on the combined NAV per Share of the number of Shares included in the Baskets being created or redeemed. The amount of Canadian Dollars required to create a Basket or to be delivered upon the redemption of a Basket may gradually decrease over time if the Trusts Canadian Dollars are withdrawn to pay the Trusts expenses. See Investment Attributes of the Trust Trust Expenses. Baskets may be created or redeemed only by Authorized Participants. Authorized Participants pay a transaction fee for each order to create or redeem Baskets and may sell to other investors the Shares included in the Baskets that they create. See Creation and Redemption of Shares for more details. Interest on deposits JPMorgan Chase Bank, N.A., London Branch, maintains two Canadian Dollar-denominated, demand deposit accounts for the Trust: a primary deposit account that may earn interest and a secondary deposit account that does not earn interest. The secondary deposit account is used to account for interest received and paid on creations and redemptions of Baskets. The secondary deposit account is also used to account for interest that may be earned on th

View Full Filing

View this S-1/A filing on SEC EDGAR