TORONTO, May 12, 2023
/CNW/ - Evolve Funds Group Inc. ("Evolve" or the
"Manager") announces that it will terminate the Evolve
Slate Global Real Estate Enhanced Yield Fund ("BILT" or the
"Fund") on or about August 10,
2023 (the "Termination Date").
The Manager will request the Toronto Stock Exchange
("TSX") to voluntarily de-list the units of the Fund from
TSX on or about August 8, 2023, with
all units still held by investors being subject to a mandatory
redemption as of the Termination Date. Effective July 11, 2023, no further subscriptions for units
of the Fund will be accepted.
Prior to the Termination Date, the Manager will, to the extent
reasonably possible, convert the assets of the Fund to cash and
after paying or making adequate provision for all of the Fund's
liabilities, as soon as practicable following the Termination Date
distribute the net assets of the Fund pro-rata among the
unitholders of record of the Fund on the Termination Date.
The Manager will issue an additional press release on or about
the Termination Date confirming final details of the termination.
Further details of termination have also been mailed to unitholders
of the Fund.
Commissions, management fees and expenses all may be
associated with exchange traded funds (ETFs) and mutual funds. ETFs
and mutual funds are not guaranteed, their values change frequently
and past performance may not be repeated. There are risks involved
with investing in ETFs and mutual funds. Please read the prospectus
for a complete description of risks relevant to ETFs and mutual
funds. Investors may incur customary brokerage commissions in
buying or selling ETF and mutual fund units. 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.
With over $6 billion in assets
under management, Evolve is one of Canada's fastest growing ETF providers since
launching its first ETF in September
2017. Evolve specializes in bringing innovative ETFs to
Canadian investors. Evolve's suite of ETFs provide investors with
access to: (i) index-based income strategies; (ii) long term
investment themes; and (iii) some of the world's leading investment
managers. Established by a team of industry veterans with a proven
track record of success, Evolve creates investment products that
make a difference. For more information, please visit
www.evolveetfs.com.
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SOURCE Evolve ETFs
