NEW
YORK, March 15, 2024 /PRNewswire/ - Subversive
Capital Advisor LLC (the "Advisor" or the "Company"), a Registered
Investment Advisor primarily focused on different mission-driven
emerging sectors, announced today that it has recommended, and the
Board of Trustees of Series Portfolios Trust (the "Trust") has
approved, the termination and liquidation of the Subversive
Decarbonization ETF ("DKRB"), Subversive Food Security ETF
("KCAL"), and Subversive Mental Health ETF ("SANE"), collectively
(the "Funds") effective immediately after the close of business on
March 28, 2024.
"While these strategies are gaining traction outside the US,
they remain a small portion of the market domestically. Despite our
efforts to capture investor interest with unique offerings, it's
clear that the appetite for these strategies hasn't matched that of
index ETFs or well-established institutional options." said
Subversive's Portfolio Manager, Christian
H. Cooper.
Each Fund's last day of trading will be March 27, 2024, which will also be the final day
for creation unit orders by authorized participants. The Fund will
conclude operations and distribute the remaining proceeds to
shareholders promptly after March 28,
2024. Shareholders who do not sell their Fund shares by this
date will have their shares automatically redeemed for cash based
on the Fund's net asset value (NAV). Customary brokerage charges
may apply to transactions to sell Fund shares. Shareholders should
contact their tax advisor to discuss the income tax consequences of
the liquidation.
About Subversive
Subversive Capital Advisor LLC is a Registered Investment
Advisor.
The firm's investment strategies primarily focus on different
mission-driven emerging sectors that we believe will shape the
economy of the future. The companies we invest in are bold, daring,
and uninhibited enough not to let the world as it exists today
limit their imagination for opportunities of the future.
Carefully consider Subversive's investment objectives, risks,
charges and expenses. This and other information is in the various
prospectuses, copies of which may be obtained by calling
877.291.4040. Please read these prospectuses carefully before you
invest.
Investing involves risk, including the possible loss of
principal. Shares of any ETF are bought and sold at market price
(not NAV), may trade at a discount or premium to NAV and are not
individually redeemed from the Fund.
Distributed by Quasar Distributors, LLC.
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SOURCE Subversive Capital Advisor LLC