Tidal Financial Group
CHICAGO and MILWAUKEE and NEW YORK, March 20, 2024 (GLOBE NEWSWIRE) — The Board of Trustees of the Tidal ETF Trust have decided to liquidate and close the Subversive Cannabis ETF (LGLZ) (the “Fund”), based on the recommendation of the Fund’s investment adviser, Tidal Investments LLC, and the Fund’s investment sub-adviser, Subversive Capital Advisor LLC. The Board of Trustees concluded that liquidating and closing the Fund would be in the best interest of the Fund and its shareholders.
The Fund will cease trading on the Cboe BZX Exchange, Inc. (“CBOE”) and will be closed to purchases by investors as of the close of regular trading on the CBOE on March 28, 2024 (the “Closing Date”). The Fund will not accept purchase orders after the Closing Date.
Shareholders may sell their holdings in the Fund prior to the Closing Date and customary brokerage…
