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NEW YORK, April 17, 2025 – After careful consideration, Tema ETFs LLC, investment adviser to Tema International Durable Quality 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 May 18, 2026 (the "Liquidation Date").
The Fund will be closed to orders for new creation units on May 12, 2026, effective post close on May 11th, and the last day of trading of the Fund’s shares on CBOE BZE Exchange, will be May 14, 2026. From May 12th 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 the 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 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 assets may not be invested in a manner consistent with their stated investment strategies, which may prevent the Fund from achieving its investment objectives. Tema ETFs LLC 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 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 332-900-1687 or visit https://temaetfs.com/itol
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.
About Tema ETFs
Tema builds institutional-quality ETF solutions for all market environments, spanning high-conviction growth opportunities, durable core exposures, and alternatives. Founded in 2022, Tema is led by veterans of the ETF and global asset management industry, and backed by Index Ventures, Accel, and over a dozen financial services CEOs and fintech founders.
Media Contact
Cognito Media
Carl Bakenhus
carl.bakenhus@cognitomedia.com
