LionShares announced the planned liquidation of its LionShares U.S. Equity Total Return ETF (NYSE Arca: TOT). Creation and redemption of units will remain available through October 26, 2026, the fund's last trading day on NYSE Arca.
On or about October 28, 2026, the fund will cease operations, liquidate its assets and prepare to distribute proceeds to shareholders of record. That date marks the planned shutdown and preparation for distribution, rather than a stated payment date.
LionShares has launched its first ETF, the LionShares U.S. Equity Total Return ETF (NYSE Arca: TOT), an actively managed fund designed to provide exposure to the broad U.S. equity market while minimizing tax drag through a unique dividend-free approach.
Led by former quantitative trader Sofia Massie, the fund aims to eliminate dividend distributions, allowing returns to compound within the fund. TOT features a competitive net expense ratio of 0.0749% (after fee waiver from 0.25% gross) through September 2026, targeting cost-conscious investors seeking efficient U.S. equity exposure.