Empowered Funds LLC Announces ETFs' Liquidation, De-listing
Two Sophus Capital ETFs, EMEM and EMSC, will stop trading in late September 2026 and return cash to shareholders shortly thereafter.
Rhea-AI Summary
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.
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- EMEM and EMSC scheduled for liquidation and termination on or about September 28, 2026
- Trading in EMEM and EMSC ends and creations/redemptions stop after September 25, 2026
- Shareholders may face limited secondary-market liquidity before the liquidation date
- Liquidation and related distributions are described as a taxable event for shareholders
- Each fund’s NAV on the liquidation date will reflect closing costs, reducing proceeds
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEWTOWN SQUARE, Pa., Sept. 8, 2026 /PRNewswire/ -- Empowered Funds, LLC today announced the scheduled liquidation on or about September 28, 2026 (the Liquidation Date) of the following ETFs (the Funds):
- Sophus Capital Emerging Market ETF (NASDAQ: EMEM)
- Sophus Capital Emerging Market Small Cap ETF (NASDAQ: EMSC)
Each Fund will cease trading on the NASDAQ and will be closed to purchase by investors immediately after the close of regular trading on September 25, 2026. The Funds will not accept creation or redemption orders after September 25, 2026.
Shareholders may sell their holdings in a Fund prior to the Liquidation Date, and customary brokerage charges will apply to these transactions. However, shareholders may only be able to sell their shares to certain broker-dealers, and there is no assurance that there will be a market for a Fund's shares during this period. During the period up to the Liquidation Date, all or a portion of each Fund may not be invested in a manner consistent with its stated investment objective and strategies, and each Fund may increase its cash holdings.
Promptly after the Liquidation Date, each Fund will distribute cash pro rata to all shareholders of record as of the Liquidation Date, subject to any required withholding. Liquidation proceeds paid to shareholders generally should be treated as received in exchange for shares and will therefore be treated as a taxable event giving rise to a capital gain or loss depending on a shareholder's tax basis. Shareholders should contact their tax advisor to discuss the tax consequences of the liquidation. In addition, these payments to shareholders may include distributions of accrued capital gains and dividends. As calculated on the Liquidation Date, each Fund's net asset value will reflect the costs of closing the applicable Fund, if any. Once the distributions are complete, each Fund will terminate.
Important Information
Investing involves risk, including possible loss of principal.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Funds, please call 1.215.330.4476 or visit our website at https://sophus-capital-etfs.com. Read the prospectus or summary prospectus carefully before investing.
The Funds are distributed by PINE Distributors LLC. The Funds' investment adviser is Empowered Funds, LLC, doing business as ETF Architect. The Funds' sponsor is Sophus Capital LLC, pursuant to a fund sponsorship agreement with ETF Architect. The Funds' sub- adviser is Consilium Investment Management, LLC, doing business as Sophus Capital. PINE Distributors LLC is not affiliated with ETF Architect, Sophus Capital LLC or Consilium Investment Management, LLC.
Media contact:
Jamie Richards
Jamie@etfarchitect.org
View original content:https://www.prnewswire.com/news-releases/empowered-funds-llc-announces-etfs-liquidation-de-listing-302870311.html
SOURCE ETF Architect
FAQ
Which ETFs are being liquidated and delisted?
The affected funds are the Sophus Capital Emerging Market ETF (EMEM) and the Sophus Capital Emerging Market Small Cap ETF (EMSC), each advised by Empowered Funds LLC, doing business as ETF Architect, and sponsored by Sophus Capital LLC.
When do EMEM and EMSC stop trading, and what is the liquidation date?
Both funds will cease trading on NASDAQ and close to purchases and to creation/redemption orders immediately after the close of regular trading on September 25, 2026. The scheduled liquidation date is on or about September 28, 2026.
What are the tax implications of the ETF liquidations?
Liquidation proceeds paid to shareholders generally should be treated as received in exchange for shares and therefore as a taxable event, giving rise to a capital gain or loss depending on a shareholder’s tax basis. These payments may include distributions of accrued capital gains and dividends. Shareholders are advised to contact their tax advisor to discuss the specific tax consequences.
Where can investors find more information about these funds?
Investors are encouraged to review the funds’ prospectus or summary prospectus, which describes investment objectives, risks, charges and expenses. These documents are available by calling 1.215.330.4476 or by visiting https://sophus-capital-etfs.com.