TORONTO, Jan. 25, 2019 /CNW/ - Evolve Funds Group Inc.
("Evolve" or the "Manager") announces that it will terminate Sphere
FTSE Europe Sustainable Yield Index ETF (TSX: SHE), Sphere FTSE
Canada Sustainable Yield Index ETF (TSX: SHC) and Evolve Blockchain
ETF (TSX: LINK) on or about March 28,
2019 (the "Termination Date"). The Manager will request the
Toronto Stock Exchange ("TSX") to de-list the units of the ETFs
from the TSX on or about March 26,
2019, with all units still held by investors being subject
to a mandatory redemption as of the Termination Date. Effective
February 26, 2019, no further
subscriptions for units of the ETFs will be accepted.
Prior to the Termination Date, the Manager will, to the extent
reasonably possible, convert the assets of each ETF to cash and
after paying or making adequate provision for all of the ETF's
liabilities, as soon as practicable following the Termination Date
distribute the net assets of the ETFs pro rata among the
unitholders of record of the applicable ETF on the Termination
Date.
Evolve will issue an additional press release on or about the
Termination Date confirming final details of the terminations.
Further details of termination have also been mailed to unitholders
of the applicable ETFs.
Commissions, management fees and applicable sales taxes all
may be associated with an investment in the exchange traded funds
managed by Evolve Funds Group Inc. (the "ETFs"). The ETFs are not
guaranteed, their values change frequently and past performance may
not be repeated. The prospectus contains important detailed
information about the ETFs. Please read the prospectus
before investing.
Certain statements contained in this news release constitute
forward-looking information within the meaning of Canadian
securities laws. Forward-looking information may relate to a future
outlook and anticipated distributions, events or results and may
include statements regarding future financial performance. In some
cases, forward-looking information can be identified by terms such
as "may", "will", "should", "expect", "anticipate", "believe",
"intend" or other similar expressions concerning matters that are
not historical facts. Actual results may vary from such
forward-looking information. Evolve undertakes
no obligation to update publicly or otherwise revise any
forward-looking statement whether as a result of new information,
future events or other such factors which affect this information,
except as required by law.
About Evolve Funds Group Inc.
Evolve is one of
Canada's fastest growing ETF
providers since launching its first suite of ETFs via the Toronto
Stock Exchange in September 2017. Evolve is a leader in
thematic ETFs and specializes in bringing innovative ETFs to
Canadian investors. Evolve's suite of ETFs provide investors
with access to: (i) long term investment themes; (ii) index-based
income strategies; and (iii) some of the world's leading investment
managers. Established by a team of industry veterans with a
proven track record of success, we create investment products that
make a difference. For more information, please visit
www.evolveetfs.com.
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SOURCE Evolve ETFs