Empowered Funds LLC Adjusts Liquidation Schedule for ETFs with New Dates

Empowered Funds LLC Adjusts Liquidation Schedule for ETFs

On September 18, 2026, Empowered Funds LLC made an important announcement regarding the liquidation timetable for its exchange-traded funds (ETFs). This adjustment affects two specific funds: the Sophus Capital Emerging Market ETF (Nasdaq: EMEM) and the Sophus Capital Emerging Market Small Cap ETF (Nasdaq: EMSC). The revised liquidation dates mark significant changes in how and when these funds will discontinue operations, and investors should be informed about these developments.

Overview of the Liquidation Changes

Sophus Capital Emerging Market ETF (Nasdaq: EMEM)

The liquidation date for the Sophus Capital Emerging Market ETF has been set for approximately October 14, 2026. Following the close of trading on October 13, 2026, the fund will no longer accept purchases from investors. Furthermore, the ETF will halt trading on the Nasdaq Stock Market LLC after the aforementioned date. Notably, the fund will cease to accept creation and redemption orders immediately after that close.

Sophus Capital Emerging Market Small Cap ETF (Nasdaq: EMSC)

In a similar manner, the Sophus Capital Emerging Market Small Cap ETF will see its liquidation take place around October 28, 2026. Similar to its counterpart, it will cease trading on the Nasdaq Stock Market LLC post the standard trading hours on October 27, 2026. After this date, the ETF will also suspend creation and redemption orders.

Implications for Shareholders

Investors holding shares in these funds have the opportunity to sell their holdings prior to the established liquidation dates. However, it is crucial for shareholders to understand that customary brokerage fees will apply for these transactions. Moreover, shares may not have consistent trading availability, and there's a possibility that not all broker-dealers will be available for these transactions.

During the time leading up to the liquidation, the funds may not adhere strictly to their stated investment objectives, as they are likely to increase cash holdings. Investors must remain vigilant about their investments and be aware that selling may not be straightforward until the liquidation is completed.

Distribution of Liquidation Proceeds

Upon the completion of the liquidation process, the funds will distribute cash to shareholders on a pro-rata basis according to records held as of the respective liquidation dates. It's important for shareholders to note that these distributions are typically treated as taxable events, which could result in capital gains or losses depending on the prevailing tax basis for their investments. Therefore, it’s advisable that shareholders seek guidance from a tax advisor to understand the potential tax implications of the liquidation.

Conclusion

The revisions to the liquidation schedules of Empowered Funds LLC's ETFs may pose various considerations for shareholders. With the changes set to impact how and when these funds will be concluded, it is imperative for investors to remain informed and proactive. Those invested in the Sophus Capital Emerging Market ETFs should take immediate steps to either liquidate their positions or seek further information regarding the implications of these adjustments.

To reach out for further inquiries, investors can contact Empowered Funds directly via their client relations or by visiting the official website for detailed guidance. As these funds progress towards liquidation, understanding the timeline and potential outcomes is essential for all investors.

Important Notice

Investing in ETFs and other financial products carries risks, including the risk of principal loss. Prospective investors are encouraged to thoroughly assess the investment objectives, risks, charges, and expenses that accompany these funds before making investment decisions. For more information, detailed brochures and prospectuses are available through Empowered Funds’ official communication channels.