Timothy Plan's Strategic Liquidation of Market Neutral ETF

Timothy Plan Liquidation of Market Neutral ETF (TPMN)

Timothy Plan has made the significant decision to liquidate its Market Neutral ETF (TPMN). This action was taken after a thorough review by the Adviser and Board of Trustees, ensuring the best interests of shareholders are maintained.

Details on Liquidation Process

The liquidation process is set to commence after the market closes. It is important for shareholders to note that the Fund will not accept any purchase orders for Creation Units following the close of business on the designated date. Existing shareholders can sell their holdings on the NYSE ARCA Exchange up to the final trading day of the Fund.

Important Dates to Remember

Shareholders should take note of the key dates associated with the liquidation, including the last day for trading and the planned liquidation date. This meticulous schedule is designed to provide clarity and transparency to all investors involved.

Financial Implications for Shareholders

As a result of this liquidation, shareholders will receive a cash distribution equivalent to the net asset value of their shares as of the liquidation date. This ensures that investors are fairly compensated, which is a hallmark of Timothy Plan’s commitment to its investors.

Adviser’s Role and Responsibilities

Timothy Partners, Ltd. (TPL), acting as the adviser for the Fund, will manage all fees and expenses related to the liquidation process, excluding customary brokerage fees that shareholders may incur during this period. TPL's proactive approach is focused on minimizing costs for investors during the transition.

Tax Considerations Post-Liquidation

Investors will need to consider the tax ramifications of the liquidation. Generally, shareholders may incur a capital gain or loss depending on the amount received for their shares compared to their adjusted basis. Consulting a tax advisor could be beneficial to navigate these implications.

About Timothy Plan

Timothy Partners, Ltd., a pioneer in Biblically Responsible Investing, is known for its family of mutual funds and ETFs that align with Judeo-Christian values. Established in 1993, the firm has accumulated over $2.6 billion in client assets, reflecting its effective stewardship of investments.

Mission and Investment Philosophy

Timothy Plan is dedicated to responsible investing, providing opportunities that resonate with the values of its clients. Through comprehensive research and consultation with various ministries, TPL ensures its investment strategies are reflective of ethical standards.

Contact and Further Information

For further inquiries, interested parties can reach out to Brian Mumbert, the President of Timothy Plan, via email or by phone. This open channel for communication illustrates the company’s commitment to supporting its investors throughout the transition process.

Frequently Asked Questions

What is the Timothy Plan Market Neutral ETF?

The Timothy Plan Market Neutral ETF (TPMN) was an investment fund focused on maintaining market neutrality in its portfolio.

Why is Timothy Plan liquidating this ETF?

The decision to liquidate was made based on a comprehensive review by the Adviser and Board of Trustees, aiming to enhance shareholder value.

What will happen to shareholders during the liquidation?

Shareholders will receive a cash distribution based on the net asset value of their shares at the time of liquidation.

Are there any fees associated with the liquidation?

Timothy Partners, Ltd. will cover most fees related to the liquidation process, but shareholders may incur standard brokerage fees.

How can I contact Timothy Plan for more information?

Shareholders can contact Brian Mumbert via email or phone for additional inquiries regarding the liquidation and other investment-related questions.

About The Author

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