The Meet Kevin Pricing Power ETF (PP) to Close
11 Febbraio 2025 - 10:33PM
Tidal Financial Group and Plato’s Philosophy LLC announce the
closure and liquidation of the Meet Kevin Pricing Power ETF (NYSE
Arca: PP), effective February 28, 2025. This decision follows a
thorough evaluation and was determined to be in the best interests
of the fund and its shareholders.
The ETF will cease trading on NYSE Arca at the close of regular
trading on February 25, 2025 (the "Closing Date"). It will no
longer accept purchase orders as of that date.
Shareholders may sell their holdings in the fund prior to the
Closing Date through standard brokerage transactions, which may
incur customary brokerage charges. After February 25, 2025,
shareholders may only sell shares to select broker-dealers, with no
assurance of an active market during this period.
Between February 25, 2025, and February 28, 2025 (the
"Liquidation Date"), PP will liquidate its portfolio, increasing
its cash holdings, which will result in portfolio holdings
deviating from the fund's stated investment objectives.
On or around the Liquidation Date, PP will distribute its
remaining assets as cash pro rata to shareholders of record who
have not sold or redeemed their shares. This distribution will
generally be treated as a taxable event, and shareholders should
consult their tax advisers to understand the implications of
capital gains or losses. Additionally, the liquidation may include
accrued capital gains and dividends. After these distributions, the
fund will officially terminate.
About Tidal Financial Group
Formed by ETF industry pioneers and thought leaders, Tidal
Investments LLC is dedicated to revolutionizing ETF development,
launch, marketing, and sales. With a focus on growing AUM, Tidal
provides a comprehensive suite of services, proprietary tools, and
methodologies designed to bring lasting investment ideas to market.
Tidal is committed to ETF innovation, equipping issuers with the
intelligence and tools needed to efficiently launch ETFs and
optimize growth potential in a highly competitive space. For more
information, visit https://www.tidalfinancialgroup.com.
For further inquiries, please contact Gavin Filmore at gfilmore@tidalfg.com.
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