GOOSE HOLLOW CAPITAL MANAGEMENT ANNOUNCES AN ETF CLOSURE

Rhea-AI Summary

Goose Hollow Capital Management has announced the closure of its Enhanced Equity ETF (GHEE). The Board of Trustees of Collaborative Investment Series Trust has decided to liquidate the Fund, with the final liquidation payment to shareholders expected on September 27, 2024. Key points include:

• The Fund will stop accepting creation orders after September 11, 2024
• The last trading day on the Cboe BZX Exchange will be September 27, 2024
• Shareholders can sell their holdings until market close on September 27, 2024
• Remaining shareholders will receive cash equal to the net asset value of their shares

Investors are advised to consider potential tax implications and consult with their tax advisors regarding their specific situations.

Positive

• None.

Negative

• ETF closure and liquidation
• Cessation of trading on Cboe BZX Exchange after September 27, 2024
• Potential tax implications for shareholders

TENAFLY, N.J., Sept. 10, 2024 /PRNewswire/ -- The Board of Trustees (the "Board") of Collaborative Investment Series Trust (the "Trust") has determined that it is in the best interests of shareholders to liquidate the Goose Hollow Enhanced Equity ETF (Cboe BZX: GHEE) (the "Fund"), a series of the Trust, following a recommendation by the Fund's investment adviser, Goose Hollow Capital Management LLC.

The Board has determined to liquidate the Fund with the liquidation payment to shareholders expected to take place on or about September 27, 2024 ("Liquidation Date"). After September 11, 2024, the Fund will not accept creation orders. The last day of trading in the Fund on the Cboe BZX Exchange, Inc. (the "Exchange") will be September 27, 2024. Shareholders should be aware that while the Fund is preparing to liquidate, it will not be pursuing its stated investment objective or engaging in any business activities except for the purposes of winding up its business and affairs, preserving the value of its assets, paying its liabilities, and distributing its remaining assets to shareholders.

Shareholders may sell their holdings of the Fund on the Exchange until market close on September 27, 2024, and may incur typical transaction fees from their broker-dealer. The Fund's shares will no longer trade on the Exchange after market close on September 27, 2024, and the shares will be subsequently delisted. Shareholders who do not sell their shares of the Fund before market close on September 27, 2024, will receive cash equal to the amount of the net asset value of their shares, which will include any capital gains and dividends, in the cash portion of their brokerage accounts, on or about the Liquidation Date.

Shareholders generally will recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares. You may wish to consult your tax advisor about your particular situation.

About Goose Hollow Capital Management LLC

Goose Hollow Capital Management LLC is a global macro investment manager that is located just outside the New York City area. The investment team is led by Krishna Kumar and has several decades of global macro experience with a focus on derivatives and applying best-in-class technology. The firm looks to develop long-term partnerships with its clients, community, and service providers.

IMPORTANT RISK CONSIDERATIONS

This press release is for informational purposes only. It is not an offer or recommendation to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. Further, none of the information and material in this communication is intended to constitute legal advice, tax advice, investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

Carefully consider the Fund's investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund's full and summary prospectus, which may be obtained by visiting ghee.gham.co. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. An investment in the Fund may be subject to risks which include, among others, market, interest rate, tax, liquidity, leverage, non-diversified, investment restrictions, operational, authorized participant concentration, no guarantee of active trading market, trading issues, active management, fund shares trading, premium/discount and liquidity of fund shares and concentration risks, all of which may adversely affect the Fund. Diversification does not ensure profits or prevent losses. Exchange-Traded Funds (ETFs) trade like stocks, are subject to investment risk, and will fluctuate in market value. Unlike mutual funds, ETF shares are not individually redeemable directly with the Fund and are bought and sold on the secondary market at market price, which may be higher or lower than the ETF's net asset value (NAV). Transactions in shares of ETFs will result in brokerage commissions, which will reduce returns.

Not insured by FDIC/NCUSIF or any federal government agency. No bank guarantee. Not a deposit. May lose value.

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SOURCE GOOSE HOLLOW CAPITAL MANAGEMENT

FAQ

When will the Goose Hollow Enhanced Equity ETF (GHEE) stop trading?

The last day of trading for GHEE on the Cboe BZX Exchange will be September 27, 2024.

What happens to GHEE shares not sold before the liquidation date?

Shareholders who do not sell their GHEE shares before market close on September 27, 2024, will receive cash equal to the net asset value of their shares, including any capital gains and dividends, in their brokerage accounts.

Are there tax implications for GHEE shareholders due to the ETF closure?

Yes, shareholders generally will recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis. It is recommended to consult a tax advisor for individual situations.

When is the final liquidation payment for GHEE expected?

The liquidation payment to GHEE shareholders is expected to take place on or about September 27, 2024.