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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.
RiverNorth Capital Management and TrueMark Investments have launched the RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ), which is now trading on the NYSE. This actively managed fund focuses on investing in pre-merger SPAC securities, enabling investors to capitalize on potential discounts and interest income. CEO Mike Loukas highlights SPCZ as the first pre-merger SPAC ETF to utilize leverage strategically. The fund aims for positive absolute returns while managing risks associated with SPAC investments, including operating history and leverage risks.
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