TORONTO, Jan. 26, 2024 /CNW/ -- 3iQ Corp. ("3iQ"), in its capacity as the manager of The Bitcoin Fund (TSX: QBTC, QBTC.U) and The Ether Fund (TSX: QETH.UN, QETH.U) (collectively, the "Funds") announces today that, effective for 2024 and beyond, unitholders of the Funds electing to exercise their redemption right must submit a redemption request, no later than 5:00 p.m. EST on May 15, 2024 (the "cut-off") to The Canadian Depository for Securities Limited ("CDS") through their investment dealer.
In addition, the Funds will no longer be offering unitholders a voluntary conversion option into units of the corresponding exchanged-traded funds that are administered by 3iQ.
All other elements associated with the annual redemption process shall continue to remain the same, including the annual redemption date of the Funds, which is June 17, 2024 (the first business day following the 15th day of June in each year).
Unitholders should note that their investment dealer may require additional time in order to be able to submit a redemption and purchase notice through CDS in time to meet the cut-off and should therefore contact their investment dealer well in advance of the cut-off time.
Press Contact:
Fred Pye – Chairman & CEO
E: [email protected]
P: +1 (416) 639-2130
About 3iQ Digital Asset Management
Founded in 2012, 3iQ is one of the world's leading digital asset investment fund managers, offering investors convenient and familiar investment products to gain exposure to digital assets. 3iQ was the first Canadian investment fund manager to offer public bitcoin investment funds: The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U) and the 3iQ Bitcoin ETF (TSX: BTCQ) (TSX: BTCQ.U), as well as public ether investment funds: The Ether Fund (TSX: QETH.UN) (TSX: QETH.U) and the 3iQ Ether Staking ETF (TSX: ETHQ) (TSX: ETHQ.U). To learn more about 3iQ, visit 3iq.io.
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED THEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.
This announcement should not be distributed, forwarded, transmitted or otherwise disseminated in or into the United States. This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or subscribe for securities in the United States or any other jurisdiction. The Funds' securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or under the applicable securities laws of any state or other jurisdiction of the United States, and may not be offered, sold, resold, transferred or delivered, directly or indirectly within, into or in the United States, absent registration or an applicable exemption from, or except in a transaction not subject to, the registration requirements of the Securities Act and in compliance with the securities laws of any relevant state or other jurisdiction of the United States. Neither this announcement, nor the fact that it has been disseminated, shall form the basis of, or be relied upon in connection with, any future information that we distribute.
Commissions, trailing commissions, management fees and expenses may all be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the Funds. You can find more detailed information about the Funds in these documents.
SOURCE 3iQ
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