The last day on which the Fund’s shares will trade on NYSE Arca will be August 28, 2024 (“Closing Date”). This will also be the last day on which the Fund will accept Creation Units from Authorized Participants. Shareholders may sell their shares in the Fund prior to the Closing Date, and such transactions may be subject to standard brokerage fees. Authorized Participants may exchange baskets of shares for a pro rata share of the Fund’s existing portfolio until the Closing Date.
The Fund is expected to cease operations, liquidate its assets and distribute liquidation proceeds to shareholders on September 5, 2024 (the “Liquidation Date”).
From the Closing Date through the Liquidation Date, shareholders may only be able to sell their shares to certain broker-dealers, and there is no guarantee that there will be a market for the Fund’s shares during this period. Between the Closing Date and the Liquidation Date, the Fund will be in the process of closing and liquidating its portfolio. This process will cause the Fund to increase its cash holdings. The Fund expects to hold only cash on or before August 30, 2024.
Shareholders remaining on the liquidation date will receive cash at the net asset value of their shares on that date, including all capital gains and dividends on that date. The liquidation distribution to shareholders will be treated as a payment in exchange for their shares. The liquidation of the Fund’s shares may be treated as a taxable event. Shareholders should contact their tax advisor to discuss the income tax consequences of the liquidation. Once distributions are completed, the Fund will be liquidated.
The Fund’s special meeting of shareholders scheduled for August 30, 2024 at 10:00 a.m. ET to vote on the proposed reorganization of the Fund into a newly created series of 360 funds will no longer be held. The Fund has had difficulty obtaining shareholder approval for the reorganization.
Contact:
Copper Place Global Capital
855-601-0317
[email protected]
Investors should consider the investment objective, risks, and charges and expenses of the fund(s) before investing. The prospectus and summary prospectus contain this and other information about the fund(s) and should be read carefully before investing. The prospectus is available at 855-601-0317 or https://CPGCETFs.com. Investing involves risks, including loss of principal. Distributed by Northern Lights Distributors, LLC
View original content: https://www.prnewswire.com/news-releases/copper-place-global-capital-llc-announces-liquidation-of-copper-place-global-dividend-growth-etf-302228002.html
Source: Copper Place Global Capital, LLC
