Empowered Funds LLC is amending the liquidation plans for the Sophus Capital ETFs with tickers EMEM and EMSC.
The fund with ticker EMEM is scheduled to liquidate on or about October 14, 2026, with trading ceasing after the close on October 13, 2026. The fund with ticker EMSC is scheduled to liquidate on or about October 28, 2026, with trading ceasing after the close on October 27, 2026. Creation and redemption orders will not be accepted after each fund’s final trading day. After the applicable liquidation date, each fund will distribute cash pro rata to shareholders of record, treatable as a taxable event, and then terminate.
Empowered Funds LLC will liquidate the Sophus Capital Emerging Market ETF (EMEM) and Sophus Capital Emerging Market Small Cap ETF (EMSC) on or about September 28, 2026.
Both funds will cease trading on NASDAQ and close to new purchases and to creation/redemption orders after the close of regular trading on September 25, 2026. Shareholders may sell shares before liquidation but may face limited market liquidity and usual brokerage charges. Around the liquidation date, portfolios may deviate from stated objectives as cash holdings increase. Shortly after the liquidation date, each fund will distribute cash pro rata to shareholders of record, with NAV reflecting any closing costs, and then terminate; distributions are generally taxable events and may include accrued capital gains and dividends.