Lansing, Michigan--(Newsfile Corp. - September 17, 2024) - The Board of Trustees (the "Board") of Collaborative Investment Series Trust (the "Trust") has determined that it is in the best interests of shareholders to liquidate the Mohr Growth ETF (Cboe BZX: MOHR) and Mohr Industry Nav ETF (Cboe BZX: INAV) (each, a "Fund" and, collectively, the "Funds"), series of the Trust, following a recommendation by the Funds' investment adviser, Retireful, LLC.
The Board has determined to liquidate the Funds with the liquidation payments to shareholders for each Fund expected to take place on or about September 27, 2024 ("Liquidation Date"). After September 18, 2024, the Funds will not accept creation orders. The last day of trading in the Funds on the Cboe BZX Exchange, Inc. (the "Exchange") will be September 27, 2024. Shareholders should be aware that while each Fund is preparing to liquidate, it will not be pursuing its stated investment objective or engaging in any business activities except for the purposes of winding up its business and affairs, preserving the value of its assets, paying its liabilities, and distributing its remaining assets to shareholders.
Shareholders may sell their holdings of the Funds on the Exchange until market close on September 27, 2024, and may incur typical transaction fees from their broker-dealer. The Funds' shares will no longer trade on the Exchange after market close on September 27, 2024, and the shares will be subsequently delisted. Shareholders who do not sell their shares of the Funds before market close on September 27, 2024, will receive cash equal to the amount of the net asset value of their shares, which will include any capital gains and dividends, in the cash portion of their brokerage accounts, on or about the Liquidation Date.
Shareholders generally will recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares. You may wish to consult your tax advisor about your particular situation.
About Retireful, LLC
Retireful, LLC d/b/a Mohr Capital Management is a privately held limited liability company organized under the laws of Michigan located in Lansing, Michigan. The investment team is led by Dan Mohr. The firm, primarily, offers discretionary investment management services directly to pooled investment vehicles, namely, exchange traded funds ("ETFs").
IMPORTANT RISK CONSIDERATIONS
This press release is for informational purposes only. It is not an offer or recommendation to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. Further, none of the information and material in this communication is intended to constitute legal advice, tax advice, investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.
Carefully consider the Funds' investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in each Fund's summary prospectus, prospectus and Statement of Additional Information ("SAI"), each of which may be obtained by visiting https://www.mohrfunds.com/. Read the summary prospectus, prospectus and SAI carefully before investing.
Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. An investment in the Funds may be subject to risks which include, among others, sector and industry risks, equity risk, ETF structure risk, management risk, market and geopolitical risk and portfolio turnover risk. Diversification does not ensure profits or prevent losses. ETFs trade like stocks, are subject to investment risk, and will fluctuate in market value. Unlike mutual funds, ETF shares are not individually redeemable directly with the fund and are bought and sold on the secondary market at market price, which may be higher or lower than the ETF's net asset value. Transactions in shares of ETFs will result in brokerage commissions, which will reduce returns.
Not insured by FDIC/NCUSIF or any federal government agency. No bank guarantee. Not a deposit. May lose value.
Distributed by Paralel Distributors, LLC.
CONTACT: Dan Mohr
517.512.9686
https://www.mohrfunds.com/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223575
SOURCE: Mohr Capital Management
