Galileo Global Equity Advisors Inc. Announces Final Distribution Amount and Termination Date of U.S. Global GO GOLD and Preci...
06 September 2019 - 10:49PM
Galileo Global Equity Advisors Inc. (the
“
Manager”), the trustee and manager of U.S. Global
GO GOLD and Precious Metal Miners ETF (the
“
Fund”), announces the final distribution amount
for the Fund of $4.2513 per unit (the “
Final Distribution
Amount”). The Manager also announced the termination date
of the Fund as September 11, 2019 (the “
Termination
Date”).
Details of the Fund are as follows:
ETF |
Ticker |
U.S. Global GO GOLD and Precious Metal Miners ETF |
GOAU |
Unitholders of the Fund will be able sell their
units in the normal course through the facilities of the stock
exchange, up until the Fund is delisted on September 9, 2019 after
closing of the markets.
After the Manager has, to the extent reasonably
possible, paid or made adequate provision for all of the Fund’s
liabilities as soon as practicable following the Termination Date,
the Manager will distribute the net assets of the Fund to the
unitholders of record on the Termination Date in the Final
Distribution Amount.
“Although the Fund has outperformed its peers
since its inception, the costs associated with maintaining this
product in the Canadian marketplace are simply too prohibitive,”
said Frank Holmes, Director of Galileo Global Equity Advisors Inc.,
the portfolio advisor to the Fund.
For more information, please visit
www.usglobaletfs.ca/fund/gogo/.
About Galileo Global Equity Advisors
Inc.
With over 37 years of experience specializing in
the small and micro-cap equity space, Galileo Global Equity
Advisors, Inc. (www.galileofunds.ca) has become one of Canada’s
premier boutique investment managers specializing in smaller
company investment strategies.
For further information:
Michael Waring, 1-888-912-2288.
Certain statements contained in this news
release constitute forward-looking information within the meaning
of Canadian securities laws. Forward-looking information may relate
to a future outlook and anticipated distributions, events or
results and may include statements regarding future financial
performance. In some cases, forward-looking information can be
identified by terms such as "may", "will", "should", "expect",
"anticipate", "believe", "intend" or other similar expressions
concerning matters that are not historical facts. Actual results
may vary from such forward-looking information. Evolve undertakes
no obligation to update publicly or otherwise revise any forward-
looking statement whether as a result of new information, future
events or other such factors which affect this information, except
as required by law.
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