Software platform ETF, identified as SOFL, to cease operations on a daily basis.
In a significant announcement, Tidal Financial Group, a pioneer in ETF innovation, has revealed that the 2x Daily Software Platform ETF (NYSE: SOFL) will be closed and liquidated on October 6, 2025.
The liquidation process is expected to conclude by October 10, 2025. During this period, the SOFL fund's holdings will increasingly shift to cash. Trading for the SOFL fund will halt on the New York Stock Exchange on October 6, 2025.
After this date, shares of the SOFL fund will no longer be available for purchase. Shareholders may only be able to sell shares to select broker-dealers, with no assurance of an active market. It's important to note that these distributions will be treated as taxable events, and shareholders should consult their tax advisors about the potential implications.
Shareholders can sell their holdings in the SOFL fund before October 6, 2025, through standard brokerage transactions. The liquidation of portfolio holdings for the SOFL fund will take place during the week of October 6, 2025.
The cash distribution will represent each shareholder's proportionate interest in the Fund. The final payments may include any undistributed capital gains or dividends. After these distributions, the Fund will officially terminate.
Tidal Financial Group, the company responsible for the SOFL fund, is dedicated to revolutionizing ETF development and launch. They provide a comprehensive suite of services, proprietary tools, and methodologies designed to bring lasting investment ideas to market.
It's worth mentioning that the SOFL fund's holdings during the liquidation process may not reflect its stated investment strategy. However, Tidal Financial Group remains committed to equipping issuers with the intelligence and tools needed to efficiently launch ETFs and optimize growth potential in a highly competitive space.
For more information about Tidal Financial Group, visit www.tidalfinancialgroup.com. Shareholders are advised to stay informed and make decisions based on their financial circumstances and advice from their tax advisors.
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