Cease Trade Order Issued for Emerge ETFs
TORONTO–(BUSINESS WIRE)–Emerge Canada Inc. (the Manager) as manager of the Emerge ETFs announces today that the Ontario Securities Commission issued a cease trade order (CTO) on April 6, 2023 in respect of the Emerge ETFs. The CTO was issued as a result of the Emerge ETFs missing the deadline to file audited annual financial statements, management’s reports of fund performance and associated filings for the fiscal year ended December 31, 2022 (collectively, the “Annual Filings”) before the prescribed deadline of March 31, 2023.
The Manager announced on December 19, 2022, the end of its relationship with the previous auditor of the Emerge ETFs. Since that time, the Manager has been engaged in securing a new auditor for the Emerge ETFs. Once a new auditor is secured, the Manager will expeditiously work to complete and file the Annual Filings and seek to have the CTO lifted.
The Manager confirms that there is no other material information concerning the affairs of the Emerge ETFs that has not been generally disclosed. There is no assurance that the Emerge ETFs will be able to remedy their filing default and have the CTO lifted in a timely manner or at all.
Holders of units of the Emerge ETFs are encouraged to consult with their investment advisors about the implications of the CTO, or to reach out to Emerge Canada’s customer relations team at 1-833-363-7432 or [email protected].
About Emerge Canada Inc.
Based in Toronto, Emerge Canada is Canada’s first and only majority woman-owned investment fund firm. Our team of experts provides guidance and expertise to high-calibre emerging investment managers by serving as a resource and an advocate on all levels. Through our focus on DE&I initiatives, we take pride in supporting investment managers who tend to be the most underrepresented in the industry. From infrastructure and due diligence to product development, we provide emerging managers with a full array of go-to-market services, and we also develop investment strategies with high levels of social governance and strong sustainability practices.
For more information, please visit www.emergecm.ca
List of Funds Impacted by the CTO:
EMERGE EMPWR SUSTAINABLE DIVIDEND EQUITY ETF
EMERGE EMPWR SUSTAINABLE EMERGING MARKETS EQUITY ETF
EMERGE EMPWR SUSTAINABLE GLOBAL CORE EQUITY ETF
EMERGE EMPWR SUSTAINABLE SELECT GROWTH EQUITY ETF
EMERGE EMPWR UNIFIED SUSTAINABLE EQUITY ETF
EMERGE ARK GLOBAL DISRUPTIVE INNOVATION ETF
EMERGE AI & BIG DATA ETF
EMERGE ARK AUTONOMOUS TECH & ROBOTICS ETF
EMERGE ARK FINTECH INNOVATION ETF
EMERGE ARK GENOMICS & BIOTECH ETF
EMERGE ARK SPACE EXPLORATION ETF
Contacts
Corey Goldman
[email protected]
1 416 946 7953
