Subversive Mental Health ETF - SANE STOCK NEWS

Welcome to our dedicated page for Subversive Mental Health ETF news (Ticker: SANE), a resource for investors and traders seeking the latest updates and insights on Subversive Mental Health ETF stock.

Subversive Mental Health ETF (SANE) is a unique fund managed by Subversive Capital Advisor LLC, a Registered Investment Advisor known for its focus on mission-driven emerging sectors. The ETF aimed to invest in innovative companies within the mental health space, which are poised to make significant strides in improving mental health treatments and services globally. Despite gaining traction in international markets, the domestic appetite for such niche strategies has remained limited.

The ETF has recently been recommended for termination and liquidation by the Board of Trustees of Series Portfolios Trust, as announced on March 15, 2024. The last trading day for SANE will be March 27, 2024, and the fund will conclude operations and distribute remaining proceeds to shareholders promptly after March 28, 2024. Shareholders who do not sell their shares by this date will have their shares automatically redeemed for cash based on the fund's net asset value (NAV).

Subversive Capital Advisor LLC continues to focus on investment strategies that prioritize emerging sectors believed to shape the future economy. The firm remains dedicated to investing in bold and daring companies, and carefully considers risks, charges, and expenses associated with their investments. Potential investors are encouraged to read the prospectus and consult with a tax advisor regarding the tax implications of the fund's liquidation.

03/15/2024 07:01 PM

News

Subversive Capital Advisor Fund Closure Announcement

Rhea-AI Summary

Subversive Capital Advisor announces the termination and liquidation of Subversive Decarbonization ETF (DKRB), Subversive Food Security ETF (KCAL), and Subversive Mental Health ETF (SANE) due to lack of investor interest in the US market.

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FAQ

What is the Subversive Mental Health ETF (SANE)?

SANE is an ETF managed by Subversive Capital Advisor LLC, focusing on innovative companies in the mental health sector.

Why is the Subversive Mental Health ETF being liquidated?

The ETF is being liquidated due to limited domestic market interest in its niche investment strategy.

When is the last trading day for SANE?

The last trading day for SANE is March 27, 2024.

What happens to shareholders who do not sell their shares by the last trading day?

Shares will be automatically redeemed for cash based on the ETF's net asset value (NAV) after March 28, 2024.

Will there be any costs associated with selling ETF shares?

Customary brokerage charges may apply to transactions involving the sale of ETF shares.

Who should I contact for more information about the liquidation?

Shareholders should consult their tax advisors and refer to the ETF's prospectus for more information.

What other funds are being liquidated by Subversive Capital Advisor LLC?

The Subversive Decarbonization ETF (DKRB) and the Subversive Food Security ETF (KCAL) are also being liquidated.

What types of companies did SANE invest in?

SANE invested in companies within the mental health sector that are innovative and focused on improving treatments and services.

Is investing in ETFs risky?

Yes, investing involves risk including the possible loss of principal. Shares may trade at a discount or premium to NAV.

Who distributes Subversive Capital Advisor LLC's ETFs?

Subversive Capital Advisor LLC's ETFs are distributed by Quasar Distributors, LLC.

Subversive Mental Health ETF

NYSE:SANE

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