TrueMark Investments Announces SPCZ and FLDZ ETFs Moving to Cboe BZX Exchange

Rhea-AI Summary

TrueMark Investments announced the transfer of its RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) and RiverNorth Patriot ETF (FLDZ) from NYSE Arca to Cboe BZX Exchange, effective around December 30, 2022. This change does not require any action from shareholders and is not expected to impact the trading of fund shares. TrueMark serves as the investment adviser for both funds, which are distributed by Foreside Fund Services. Investors should evaluate the associated risks before investing in these ETFs, as they are subject to market and management risks.

Positive

• No action needed from shareholders regarding the transfer.
• Expected smooth transition of ETFs to the new exchange without trading disruptions.

Negative

• Both ETFs are newly organized and without an operating history, presenting higher investment risks.
• TrueMark Investments has not previously managed a registered fund, increasing the risks for investors.

CHICAGO, Dec. 16, 2022 /PRNewswire/ -- Today, TrueMark Investments ("TrueMark") announces plans to transfer the listings of the RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) and the RiverNorth Patriot ETF (FLDZ), two exchanged-traded funds ("ETFs"), managed by TrueMark from the NYSE Arca to Cboe BZX Exchange, Inc.

The transfer is expected to occur on or about December 30, 2022. No shareholder action is expected because of this change, nor is the transfer expected to affect the trading of fund shares.

TrueMark Investments, LLC is an SEC registered investment adviser and serves as both fund's investment adviser. Both funds are distributed by Foreside Fund Services, LLC.

Before investing, carefully consider the TrueShares ETFs investment objectives, risks, charges and expenses. Specific information about TrueShares is contained in the prospectus and a summary prospectus, copies of which may be obtained by visiting www.true-shares.com. Read the prospectus carefully before you invest. Distributor: Foreside Fund Services, LLC.

An investment in TrueShares is subject to numerous risks, including possible loss of principal. The ETFs are subject to the following principal risks: Authorized Participants, Market Makers, and Liquidity Providers Concentration Risk associated with ETFs; Equity Market Risk; Management Risk; Market Capitalization Risk (Large Cap; Mid Cap, Small Cap Stock); Market Risk; New Fund Risk: The Fund is a recently organized, non-diversified management investment company with no operating history. As a result, prospective investors have no track record or history on which to base their investment decision. Additionally, the Adviser has not  previously managed a registered fund, which may increase the risks of investing in the Fund.

CONTACT:
Stoyan Bojinov
sbojinov@arrocomm.com

View original content:https://www.prnewswire.com/news-releases/truemark-investments-announces-spcz-and-fldz-etfs-moving-to-cboe-bzx-exchange-301705505.html

SOURCE TrueMark Investments

FAQ

What is the reason for the transfer of FLDZ and SPCZ ETFs to Cboe BZX Exchange?

The transfer of RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) and RiverNorth Patriot ETF (FLDZ) to Cboe BZX Exchange is part of TrueMark Investments' strategic decision.

When will the transfer of SPCZ and FLDZ ETFs take place?

The transfer is expected to occur on or about December 30, 2022.

Will shareholders need to take action regarding the ETF transfer?

No shareholder action is required as a result of the transfer.

What are the investment risks associated with FLDZ and SPCZ ETFs?

Investors should consider risks such as market risk, management risk, and the lack of operational history for these ETFs.

What company manages the FLDZ and SPCZ ETFs?

TrueMark Investments manages both the RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) and the RiverNorth Patriot ETF (FLDZ).