Evolve Announces Fund Closure
TORONTO, May 12, 2023 Evolve Group Inc. (CNW)Evolve“Manager“) announces that it will terminate the Evolve Slate Global Real Estate Enhanced Yield Fund (“BILT“You can also find out more about Fund“about or on” August 10, 2023 (the “Termination Date“).
The manager will ask the Toronto Stock Exchange (TSX‘” to voluntarily delist the Fund units from TSX by or on August 8, 2023All units held by investors are subject to mandatory redemption at the Termination Date. Effective July 11, 2023The Fund is no longer accepting subscriptions.
As soon as possible after the Termination, the Manager, in the event that it is reasonably feasible, will convert all assets into cash. Once the liabilities of the Fund have been paid or adequately provided for, the Manager, as quickly as possible following the Termination, will distribute the Fund’s net assets pro-rata to unitholders on record at the Termination.
The Manager will release an additional press statement on or around the Termination Date to confirm the final details of termination. The termination details have been sent to the unitholders.
ETFs and mutual funds may have management fees, commissions and other expenses. ETFs and Mutual Funds are not guaranteed. Their values can change rapidly and their past performance is not guaranteed. Investing in ETFs or mutual funds comes with risks. Please refer to the prospectus in order to get a full description of all risks related ETFs and Mutual Funds. Buying or selling ETFs and mutual funds may result in brokerage commissions. Please read the prospectus carefully before investing.
This news release contains forward-looking statements within the meanings of Canadian securities law. The forward-looking information can relate to future expectations, distributions or results. It may also include statements about future financial performance. In some cases forward-looking statements can be identified using terms like “may”, will”, “should”, “expect”, “anticipate”, “believe”, or “intend”. Forward-looking statements may not reflect actual results. Evolve The company is not required to update any forward-looking information publicly or in other ways, whether it’s due to new information or future events.
Evolve Funds Group Inc.
Over a thousand Six billion dollars Evolve has one of the largest assets under management. Canada’s Fastest growing ETF provider since its first ETF launch in September 2017. Evolve is a specialist in bringing ETFs that are innovative to Canadian investors. Evolve’s suite of ETFs provides investors with access: (i), index-based income strategy; (ii), themes for long-term investments; and (iii), the best investment managers around. Evolve was founded by industry veterans who have a track record of success. They create investment products that are impactful. Please visit our website to find out more. www.evolveetfs.com.
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SOURCE Evolve ETFS
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