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Not for distribution to U.S. newswire providers or for dissemination in the US.
This announcement and the knowledge contained herein is restricted and isn’t for launch, publication, or distribution, in entire or partly, straight or not directly in, or into or from the US or some other jurisdiction wherein the identical could be illegal. Additional, this announcement is for info functions solely and shall not represent a suggestion to promote or situation or the solicitation to purchase, subscribe for or in any other case purchase any securities of The Bitcoin Fund or the 3iQ CoinShares Bitcoin ETF in any jurisdiction wherein any such supply or solicitation could be illegal.
Toronto, Ontario–(Newsfile Corp. – April 18, 2022) – 3iQ Corp. (“3iQ”), the most important digital asset funding fund supervisor in Canada, is reminding holders of items (the “Items”) of The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U) (the “3iQ Fund”) of the choices accessible to them in reference to the upcoming annual redemption of Items. These choices are (i) a voluntary choice to convert all or a part of their Items into items of the 3iQ CoinShares Bitcoin ETF (the “3iQ ETF”) (TSX: BTCQ) (TSX: BTCQ.U), (ii) an in-kind redemption for bitcoin, and (iii) redemption for money at 100% of internet asset worth per Unit. The annual redemption date of the 3iQ Fund is June 16, 2022.
Conversion
Unitholders can elect to transform all or a part of their Items into items of the 3iQ ETF. This conversion shall be effected on a relative internet asset worth foundation (NAV-for-NAV). Unitholders ought to be conscious that the redemption portion of the transaction will represent a disposition for tax functions of Items of the 3iQ Fund by unitholders.
In-kind Redemption
Unitholders holding 20,000 Items or extra who want to redeem their Items and who’ve accounts with the sub-custodian of the 3iQ Fund, Gemini Belief Firm, LLC, might, with the consent of 3iQ, redeem their Items for bitcoin. Bitcoin delivered pursuant to an in-kind redemption shall be valued on the internet asset worth of the Items on the annual redemption date.
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Course of
Unitholders electing to train their redemption proper should submit a redemption request, no later than 5:00 p.m. EST on Might 31, 2022 (the “cut-off”) to The Canadian Depository for Securities Restricted (“CDS”) by their funding vendor and, within the case of the conversion choice, direct that the redemption proceeds be utilized to the acquisition of items of the 3iQ ETF. Unitholders ought to word that their funding vendor might require extra time so as to have the ability to submit a redemption and buy discover by CDS in time to satisfy the cut-off and will due to this fact contact their funding vendor nicely upfront of the cut-off time.
Press Contact:Fred Pye – Chairman & CEO E: [email protected]P: +1 (416) 639-2130
About 3iQ Corp
Based in 2012, 3iQ Corp. (3iQ) is Canada’s largest digital asset funding fund supervisor with greater than C$2.5 billion in property underneath administration. 3iQ was the primary Canadian funding fund supervisor to supply a public bitcoin funding fund, The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U), and a public ether funding fund, The Ether Fund (TSX: QETH.UN) (TSX: QETH.U). Extra just lately, 3iQ launched the 3iQ CoinShares Bitcoin ETF (TSX: BTCQ) (TSX: BTCQ.U) and the 3iQ CoinShares Ether ETF (TSX: ETHQ) (TSX: ETHQ.U). 3iQ presents traders handy and acquainted funding merchandise to realize publicity to digital property.
For extra details about 3iQ:Go to us at 3iQ.caObserve us on Twitter @3iQ_corp or on LinkedIn at https://www.linkedin.com/firm/3iq-corp/ Subscribe to our YouTube channel https://www.youtube.com/c/3iQDigitalAssetManagement
There are ongoing charges and bills related to proudly owning items of an funding fund. Please learn the prospectus of the 3iQ CoinShares Bitcoin ETF and the annual info type of The Bitcoin Fund (collectively, the “Funds”) earlier than investing. Vital details about the Funds is contained within the prospectus of the 3iQ CoinShares Bitcoin ETF and the annual info type of The Bitcoin Fund. Copies of the prospectus and the annual info kind could also be obtained from 3iQ Corp. at 3iQ.ca or at www.sedar.com.
You’ll often pay brokerage charges to your vendor if you are going to buy or promote items of the Funds on a inventory alternate or different various Canadian buying and selling system (an “alternate”). If items of the Funds are bought or bought on an alternate, traders might pay greater than the present internet asset worth when shopping for items of the Funds and will obtain lower than the present internet asset worth when promoting them.
Commissions, trailing commissions, administration charges and bills all could also be related to mutual fund investments. Please learn the prospectus earlier than investing. Mutual funds will not be assured, their values change often, and previous efficiency will 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.
This announcement shouldn’t be distributed, forwarded, transmitted or in any other case disseminated in or into the US. This announcement doesn’t represent a suggestion to promote or situation or the solicitation of a suggestion to purchase or subscribe for securities in the US or some other jurisdiction of the US. The Funds’ securities haven’t been and won’t be registered underneath the US Securities Act of 1933, as amended (the “Securities Act”), or underneath the relevant securities legal guidelines of any state or different jurisdiction of the US, and will not be supplied, bought, resold, transferred or delivered, straight or not directly inside, into or within the United Press Contact: States, absent registration or an relevant exemption from, or besides in a transaction not topic to, the registration necessities of the Securities Act and in compliance with the securities legal guidelines of any related state or different jurisdiction of the US. Neither this announcement, nor the truth that it has been disseminated, shall kind the premise of, or be relied upon in reference to, any future info that we distribute.
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/120671
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