Goose Hollow Capital Management Absolutely Restructuring ETF

Author: Caleb Price Updated: 09-10-2024 06:39 PM

Goose Hollow Capital Management Announces ETF Liquidation

The Board of Trustees of the Collaborative Investment Series Trust has decided to liquidate the Goose Hollow Enhanced Equity ETF (Cboe BZX: GHEE) to best serve its shareholders. This decision comes after careful evaluation and a recommendation from the investment adviser, Goose Hollow Capital Management LLC. The Board is taking steps to ensure a smooth transition during this process.

Details of the Liquidation Process

The liquidation payment to shareholders is expected to occur soon after the liquidation date. Following September 11, 2024, the Fund will stop accepting creation orders, and trading on the Cboe BZX Exchange will conclude on September 27, 2024. It’s important for shareholders to understand that the Fund will cease pursuing its investment goals during this liquidation phase.

Up until market close on September 27, shareholders can sell their Fund shares on the Exchange. After this date, the shares will be delisted. Those who do not sell their shares by the deadline will receive cash equivalent to the net asset value of their shares on or about the liquidation date. This will include any associated capital gains and dividends that may apply.

Understanding Potential Capital Gains

Shareholders typically will experience a capital gain or loss depending on the amount received from their shares in comparison to their adjusted basis. It is advisable for investors to consult their tax advisors for personal guidance regarding their financial situations.

Who is Goose Hollow Capital Management?

Goose Hollow Capital Management LLC operates as a global macro investment manager located just outside the New York area. Led by Krishna Kumar, the team brings extensive global macro experience, particularly focusing on derivatives and employing advanced technology.

The firm prides itself on developing long-term partnerships with clients, communities, and service providers. Goose Hollow's mission has always been rooted in creating value for its stakeholders through thoughtful investment strategies.

Risks Involved with Investment

Investing inherently involves risks, including the potential loss of principal. The information provided in this release is purely for informational purposes and should not be construed as investment advice or legal counsel. It is critical for investors to carefully consider the risk factors, investment objectives, and any associated expenses before making investing decisions.

Diversification alone does not prevent losses or guarantee profits. Since Exchange-Traded Funds (ETFs) trade similarly to stocks, they come with investment risks that may lead to fluctuations in market value. Unlike traditional mutual funds, shares of ETFs are not redeemable directly with the Fund but must be bought or sold on the secondary market, which can drive prices up or down from the ETF's net asset value (NAV).

Frequently Asked Questions

What is the reason for the ETF's liquidation?

The primary reason for the liquidation is that the Board believes it is in the best interest of the shareholders, following a recommendation from the investment adviser.

When will the liquidation payment occur?

The liquidation payment to shareholders is expected to happen on or about the Liquidation Date, scheduled for late September.

What happens to shareholders who do not sell their shares?

Shareholders who do not sell by the market close will receive cash equal to the net asset value of their shares later on the liquidation date.

What should shareholders consider before making investment decisions?

It is essential for shareholders to evaluate the associated risks, objectives, charges, and their personal financial situations before deciding on investment actions.

Who leads Goose Hollow Capital Management?

Krishna Kumar is at the helm of Goose Hollow Capital Management, bringing robust experience and a focus on developing strategic partnerships.

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