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TORONTO, May 22, 2024 /CNW/ -- 3iQ Corp. ("3iQ") announced today that, as of May 15, 2024, being the cut-off date relating to the annual redemption feature of The Ether Fund (the "Fund"): 657,682 units of the Fund (each, a "Unit"), representing 15.37% of the outstanding Units, were surrendered for cash redemption on June 17, 2024 (the "Annual Redemption Date").
Under the terms of the annual redemption of the Fund, the redemption price per Unit will be determined by 3iQ on the Annual Redemption Date and Unitholders who have redeemed Units can expect to receive payment of the redemption price per Unit on or before July 8, 2024.
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.
For more information about 3iQ:
Visit us at 3iQ.io
Twitter: @3iQ_corp
Linkedin: https://www.linkedin.com/company/3iq-corp/
YouTube: https://www.youtube.com/c/3iQDigitalAssetManagement
Voxels HQ: https://www.cryptovoxels.com/play?coords=S@203W,469N
Press Contact:
Pascal St-Jean – President
E: pascal@3iq.ca
P: +1 (416) 639-2130
Please read the prospectus before investing. Important information about The Ether Fund is contained in the prospectus. Copies of the prospectus may be obtained from 3iQ Corp. or at www.sedar.com.
You will usually pay brokerage fees to your dealer if you purchase or sell units of the Funds on a stock exchange or other alternative Canadian trading system (an "exchange"). If units of the Funds are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the Funds and may receive less than the current net asset value when selling them.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.
IMPORTANT NOTICES
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.