Robinson Capital Announces Quarterly Distributions on $SPAX
June 25 2024 - 6:59AM
Robinson Capital today announced quarterly distributions on the
Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX).
Distribution as of 06/25/2024
ETFTicker |
Distributionper Share |
Ex-Date |
RecordDate |
PaymentDate |
SPAX |
$0.27 |
06/26/2024 |
06/26/2024 |
06/28/2024 |
SPAX, launched in partnership with Tidal Investments LLC, is an
actively managed exchange-traded fund (ETF) that invests primarily
in pre-merger Special Purpose Acquisition Companies (SPACs), which
offer the potential for mitigating downside risk and capturing
upside opportunity. SPAX seeks to provide total return while
minimizing downside risk.
About Robinson CapitalFounded in 2012, Robinson
Capital Management is an independent investment advisor specialized
in developing both traditional and alternative fixed income
solutions. Our investment approach employs fundamental and value
techniques to best identify positive risk/reward opportunities
while maintaining consistency and discipline.
Robinson Capital also specializes in alternative fixed income
strategies, with a focus on identifying and isolating structural
inefficiencies in securities, such as SPACs and closed-end
funds.
The firm serves as investment sub-adviser to the Robinson
Alternative Yield Pre-Merger SPAC ETF (SPAX). For more information,
visit, robinsonetfs.com.
About Tidal Investments LLC Formed by ETF
industry pioneers and thought leaders, Tidal Investments LLC sets
out to revolutionize the way ETFs have historically been developed,
launched, marketed, and sold. With a focus on growing AUM, Tidal
offers a comprehensive suite of services, proprietary tools, and
methodologies designed to bring lasting ideas to market. Tidal is
an advocate for ETF innovation. The firm is on a mission to provide
issuers with the intelligence and tools needed to efficiently and
to effectively launch ETFs and to optimize growth potential in a
highly competitive space. For more information, visit
https://www.tidalfinancialgroup.com/.
Investors should consider the investment objectives,
risks, charges and expenses carefully before investing. For a
prospectus or summary prospectus with this and other information
about the Fund,
click here. Read the
prospectus or summary prospectus carefully before
investing.
Important Information
Investing involves risk. Principal loss is possible. ETFs may
trade at a premium or discount to their net asset value. Brokerage
commissions are charged on each trade which may reduce returns.
The Fund invests in equity securities and warrants of SPACs,
which raise assets to seek potential business combination
opportunities. Unless and until a business combination is
completed, a SPAC generally invests its assets in U.S. government
securities, money market securities, and cash. Because SPACs have
no operating history or ongoing business other than seeking a
business combination, the value of their securities is particularly
dependent on the ability of the entity’s management to identify and
complete a profitable business combination. There is no guarantee
that the SPACs in which the Fund invests will complete a business
combination or will be profitable.
Some SPACs may pursue a business combination only within certain
industries or regions, which may increase the volatility of their
prices. To the extent a SPAC or the fund is invested in cash or
cash equivalents, this may impact the ability of the Fund to meet
its investment objective. Investments in a SPAC may be considered
illiquid and subject to restrictions on resale.
The Fund may purchase warrants to purchase equity securities.
Investments in warrants are pure speculation in that they have no
voting rights and pay no dividends. They do not
represent ownership of the securities, but only the right to buy
them. Warrants involve the risk that the Fund could lose the
purchase value of the warrant if the warrant is not exercised or
sold prior to its expiration. The Fund may also purchase
securities of companies that are offered in an IPO. The risk exists
that the market value of IPO shares will fluctuate considerably due
to factors such as the absence of a prior public market, unseasoned
trading, a small number of shares available for trading and limited
information about the issuer. Such investments could
have a magnified impact on the Fund.
Some sectors of the economy and individual issuers have
experienced particularly large losses due to economic trends,
adverse market movements and global health crises. This
may adversely affect the value and liquidity of the Fund’s
investments especially since the fund is non-diversified,
meaning it may invest a greater percentage of its assets in the
securities of a particular, industry or sector than if it was a
diversified fund. As a result, a decline in the value of an
investment could cause the Fund’s overall value to decline to a
great degree.
The fund is distributed by Foreside Fund Services, LLC.
MEDIA CONTACT:Jim Robinson, 313-821-7007,
jrobinson@robinsonfunds.com
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