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After careful consideration, Tema Global Limited, investment adviser to Tema Global Royalties ETF (the "Fund"), has recommended, and the Board of Trustees of Tema ETF Trust has approved, the termination and liquidation of the Fund. Accordingly, the Fund is expected to cease operations and liquidate on or about July 5, 2024 (the "Liquidation Date").
The Fund will be closed to orders for new creation units on July 1, 2024, effective post close on June 28th, and the last day of trading of the Fund's shares on the Cboe BZX Exchange, Inc. will be July 3, 2024. From July 1 through the last day of trading, shareholders may only be able to sell their shares using certain broker-dealers, and there is no assurance that there will be a market for Fund shares during that time period. Customary brokerage charges may apply to such transactions. From the last day of trading through the Liquidation Date, shareholders will not be able to purchase or sell shares in the secondary market.
In anticipation of the liquidation, the Fund will be managed in a manner intended to facilitate its orderly liquidation, such as by raising cash or making investments in other highly liquid assets. As a result, in preparation for the liquidation, all or a portion of the Fund may not be invested in a manner consistent with its stated investment strategy, which may prevent the Fund from achieving its investment objective. Tema Global Limited will bear all fees and expenses that may be incurred in connection with the liquidation of the Fund and the distribution of cash proceeds to investors.
On or about the Liquidation Date, the Fund will liquidate its assets and distribute cash pro rata to all remaining shareholders. These distributions are taxable events and shareholders should consult their tax advisor about the potential tax consequences. In addition, these payments to shareholders may include accrued capital gains and dividends, if any. As calculated on the Liquidation Date, the Fund's net asset value will reflect the costs of liquidating the Fund. Once the distributions are complete, the Fund will terminate.
If you would like additional information, please call 888-744-1377 or visit www.temaetfs.com/ROYA
Shares of the Fund are bought and sold at a market price rather than net asset value ("NAV"). Shares of the Fund are not individually redeemed from the Fund. NAV is calculated using prices as of 4:00 PM Eastern Time. Brokerage commissions will reduce returns.
