CALGARY,
AB, April 12, 2023 /CNW/ - Accelerate
Financial Technologies Inc. ("Accelerate"), a leader in alternative
investment solutions, is providing an update on the Accelerate
Arbitrage Fund (TSX: ARB) and the Accelerate Carbon-Negative
Bitcoin ETF (TSX: ABTC).
Accelerate Arbitrage Fund
Celebrates 3-Year Track Record as an ETF
Accelerate is pleased to celebrate ARB's 3-year anniversary as a
TSX-listed alternative ETF.
Since its inception, ARB has attained an annualized return of
11.3%, beating its benchmark by 8.5% annually and 29.4% on a
cumulative basis.
"After managing the arbitrage strategy for nearly a decade, we
are pleased with ARB's performance since launching it as an ETF
three years ago," said Julian
Klymochko, Accelerate CEO and Chief Investment Officer.
"ARB's low risk rating, along with its tax-efficient 3.1%
distribution yield and low correlation to traditional asset
classes, makes it a compelling addition to investors' portfolios in
general, and an attractive fixed income alternative in
particular."
Accelerate is honoured to have received a global top-10 ranking
for ARB from BarclayHedge in a recent ranking of arbitrage hedge
funds.
Additionally, Accelerate was recently nominated for Alternative
Investment Solutions Provider of the Year by Wealth Professional
Canada Magazine.
Accelerate Carbon-Negative
Bitcoin ETF to Terminate
Accelerate will be terminating the Accelerate Carbon-Negative
Bitcoin ETF effective at the close of business on
June 12, 2023 (the "Termination
Date").
Effective immediately, except in limited circumstances, no
further direct subscriptions for shares of ABTC will be accepted.
ABTC is expected to be de-listed from the Toronto Stock Exchange,
at the request of Accelerate, at the close of business on or about
June 9, 2023, with all shares still
held by investors being subject to a mandatory redemption as of the
Termination Date.
Any remaining shareholders of ABTC as of the Termination Date
will receive the net proceeds from the liquidation of the assets,
less all liabilities and all expenses incurred in connection with
the dissolution of ABTC, on a pro-rata basis.
About Accelerate Financial
Technologies Inc.
Accelerate Financial Technologies Inc. ("Accelerate") is a
leading provider of alternative investment solutions. Accelerate
helps investment advisors, institutions, and individual investors
diversify their investment portfolios, manage risk, and improve
their portfolio's risk-adjusted returns.
Accelerate is powering diversification. Find out more at
www.AccelerateShares.com
SOURCE Accelerate Financial Technologies Inc.