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new york, March 15, 2024 /PRNewswire/ – Subversive Capital Advisor LLC (the “Adviser” or “Company”), a registered investment advisor primarily focused on a variety of mission-driven emerging sectors, today recommended to the Board of Trustees of Series Portfolio Trust I announced what I had done. (the “Trust”) collectively authorizes the termination and liquidation of the Disruptive Decarbonization ETF (“DKRB”), the Disruptive Food Security ETF (“KCAL”), and the Disruptive Mental Health ETF (“SANE”) (the “Fund”) will become effective immediately after the close of business. March 28, 2024.
“While these strategies are gaining traction outside the U.S., they still represent a small portion of the market domestically. Despite efforts to attract investor interest with unique products, these It is clear that the demand for the strategy is not comparable to that of index ETFs – established institutional alternatives.” Subversive’s portfolio manager said: Christian H. Cooper.
The last day of trading for each fund is March 27, 2024, is also the last day for orders for creation units by authorized participants. The Fund will close its operations and promptly distribute any remaining proceeds to its shareholders upon closing. March 28, 2024. Shareholders who do not sell their Fund shares by this date will have their shares automatically redeemed for cash based on the Fund’s net asset value (NAV). Customary brokerage fees may apply to transactions to sell Fund shares. Shareholders should contact their tax advisor to discuss the income tax implications of liquidation.
About subversive activities
Subversive Capital Advisor LLC is a registered investment advisor.
Our investment strategy focuses primarily on a variety of mission-driven and emerging sectors that we believe will shape the economy of the future. The companies we invest in are bold, bold and uninhibited so that today’s world doesn’t limit our imagination of future opportunities.
Please consider Subversive’s investment objectives, risks, charges, and expenses carefully. This and other information is contained in the various prospectuses, copies of which may be obtained by calling 877.291.4040. Please read these prospectuses carefully before investing.
Investments involve risks such as possible loss of principal. Shares of an ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV, and are not individually redeemable from the Fund.
Distributed by Quasar Distributors, LLC.
SOURCE Subversive Capital Advisor LLC
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