The Long Cramer Tracker ETF to be Closed and Liquidated
August 21 2023 - 4:00PM
via IBN -- The Board of Trustees of the Northern Lights Fund Trust
IV (the “Board”) has authorized an orderly liquidation of the Long
Cramer Tracker ETF (Symbol: “LJIM”). On Aug. 17, 2023, the Board
determined that closing and liquidating the Fund was in the best
interests of the Fund and its shareholders.
The last day of trading of the Fund’s shares on
CBOE will be Sept. 11, 2023 (“Closing Date”), which will also be
the last day the Fund will accept creation units from authorized
participants. Shareholders may sell their holdings in the Fund
prior to the Closing Date and customary brokerage charges may apply
to these transactions. Authorized Participants may redeem baskets
of shares for a pro rata portion of the Fund’s portfolio on hand
through the Closing Date.
The Fund is expected to cease operations,
liquidate its assets, and distribute the liquidation proceeds to
shareholders on Sept. 21, 2023 (the “Liquidation Date”).
From the Closing Date Sept. 11, 2023, through
the Liquidation Date Sept. 21, 2023, shareholders may only be able
to sell their shares to certain broker-dealers and there is no
assurance that there will be a market for the Fund’s shares during
this time period. Between the Closing Date and the Liquidation
Date, the Fund will be in the process of closing down and
liquidating its portfolio. This process will result in the Fund
increasing its cash holdings and, as a consequence, not tracking
its underlying index.
Shareholders remaining on Sept. 21, 2023, will
receive cash at the net asset value of their shares as of that
date, which will include any capital gains and dividends as of such
date. The liquidating cash distribution to shareholders will be
treated as 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 adviser to discuss the income tax
consequences of the liquidation. Once the distributions are
complete, the Fund will terminate.
“We started LJIM in order to facilitate a
conversation with Jim Cramer around his stock picks as the other
side to the Short Cramer ETF [symbol: SJIM],” said Matthew Tuttle,
the fund’s adviser, “Unfortunately, Mr. Cramer and CNBC have been
unwilling to engage in dialogue and instead have chosen to ignore
the funds, therefore there is no reason to keep the long side
going. Going forward we will just focus on the short side.”
This supplement provides new and additional
information beyond that contained in the Summary Prospectus,
Prospectus, and SAI and should be read in conjunction with those
documents. The Summary Prospectus, Prospectus and SAI have
each been filed with the Securities and Exchange Commission and are
incorporated by reference. Copies of these documents may be
obtained without charge by visiting www.crameretfs.com or by
calling 1-888-723-2821 (toll-free). For additional information
regarding the liquidation, shareholders of the Funds may call
1-888-562-8880 (toll-free).
Investors should carefully consider the
investment objectives, risks, charges and expenses of the Long
Cramer ETF. This and other important information about the Fund is
contained in the prospectus, which can be obtained at
CramerETFs.com or by calling 888-723-2821. The prospectus should be
read carefully before investing. The Long Cramer Tracker ETF is
distributed by Northern Lights Distributors, LLC, member
FINRA/SIPC. Tuttle Capital Management is not affiliated with
Northern Lights Distributors, LLC. Short sales involve unlimited
loss potential since the market price of securities sold short may
continuously increase 12787079-NLD-08182023
Contact:Matthew
Tuttle347-852-0548mtuttle@tuttlecap.com
Wire Service Contact:IBNLos Angeles,
Californiawww.InvestorBrandNetwork.com310.299.1717
OfficeEditor@InvestorBrandNetwork.com
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