REX Shares to Close and Liquidate Two Funds

ULTI’s management fee will be waived beginning October 23 through liquidation, and its October 23 payment will be its final weekly distribution.

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ULTI and TLDR: last day of trading expected November 6, 2026, with the funds liquidating on or about November 13, 2026, and remaining shareholders receiving cash at net asset value within approximately 10 days thereafter.

MIAMI--(BUSINESS WIRE)-- REX Shares (“REX”) today announced that the Board of Trustees (the “Board”) of REX ETF Trust (the “Trust”), based on the recommendation of REX Advisers, LLC (the “Adviser”), has approved the closure and liquidation of the REX IncomeMax™ Option Strategy ETF (Nasdaq: ULTI) and the Laddered T-Bill ETF (Cboe BZX: TLDR). The Board determined that closing ULTI and TLDR is in the best interests of each fund and its shareholders. The Adviser will waive ULTI’s management fee for the remainder of the fund’s life, beginning October 23 through the Liquidation Date.

Funds: REX IncomeMax™ Option Strategy ETF (ULTI); The Laddered T-Bill ETF (TLDR)

Listing exchanges: ULTI, Nasdaq; TLDR, Cboe BZX Exchange, Inc.

CUSIPs: ULTI, 761562867; TLDR, 761562842

Last day of trading (Closing Date): November 6, 2026, at the close of regular trading

Liquidation Date: On or about November 13, 2026

Remaining shareholders: Cash equal to their proportionate interest in each fund’s net assets as of the Liquidation Date

Distribution of proceeds: Expected within approximately 10 days after the Liquidation Date, on or about November 23, 2026

The decision follows the Adviser’s regular review of the REX product lineup, which weighs each fund’s assets, trading activity, and long-term viability.

What shareholders should know

ULTI and TLDR will stop accepting creation orders after the close of business on November 6, 2026. Shareholders may sell shares of ULTI and TLDR on their listing exchanges through the close of regular trading on November 6. Between the last day for creation orders and the Closing Date, shareholders may only be able to sell their shares to certain broker-dealers, and there is no assurance that a market for fund shares will exist during that period. After the Closing Date, shares will no longer trade on an exchange, and there can be no assurance that a market for fund shares will exist between the Closing Date and the Liquidation Date.

The two funds will follow different paths to the Closing Date. ULTI’s distribution paid October 23, 2026 will be its final weekly distribution. Beginning on or about October 23, 2026, ULTI will close out, or allow to expire, its options positions and transition its portfolio to cash and cash equivalents, which it will hold through its last day of trading. TLDR will continue to be managed in accordance with its investment objective and principal investment strategies until the Liquidation Date, at which point its portfolio will be converted to cash for distribution to shareholders.

Following the Liquidation Date, each fund will distribute cash to shareholders of record who have not sold their shares, which may take up to approximately 10 days (on or about November 23, 2026). This liquidating distribution may include accrued income and capital gains, and it may be more or less than the amount a shareholder would have received by selling shares on the exchange before the Closing Date. Once the distributions are complete, each fund will terminate.

Shareholders who continue to hold ULTI or TLDR through the Liquidation Date do not need to take any action to receive their liquidating distribution. Shareholders with questions may call 1-844-802-4004 or visit rexshares.com. Additional details are available in the supplement to each fund’s prospectus filed with the U.S. Securities and Exchange Commission on October 22, 2026.

About REX Shares

REX Shares offers a suite of exchange-traded products built for both active traders and long-term investors, spanning income, crypto, thematic, and leveraged strategies. Whether making short-term trades, generating income from volatility, or investing in digital assets and emerging themes like drones and AI chipmaking, REX empowers investors to act on strong market views.

Important Information

The funds are a series of REX ETF Trust. The funds’ investment adviser is REX Advisers, LLC.

To obtain a copy of the funds’ prospectuses containing additional disclosure, please call 1-844-802-4004 or view or download a prospectus here: ULTI and TLDR

Investing involves risk, including possible loss of principal.

Distributor: Foreside Fund Services, LLC, member FINRA, not affiliated with REX Shares or the funds’ investment adviser.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261022790534/en/

For media inquiries, please contact:
Gregory Agency for REX: rexfin@gregoryagency.com

Source: REX Shares

Key Terms

net asset value financial

Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.

View in glossary

creation orders financial

Creation orders are instructions by large market participants to an exchange-traded fund (ETF) issuer to add new ETF shares to the market by delivering the underlying basket of securities or cash. They matter to investors because this process helps keep an ETF’s price aligned with the value of its holdings and supplies or removes shares to meet demand, which supports liquidity, tighter bid‑ask spreads and more predictable trading costs—like a factory making more toy sets when stores need them.

cusips financial

A CUSIP is a unique nine-character code assigned to stocks, bonds and other U.S. and Canadian securities that works like a barcode, letting traders, brokers and databases identify a specific issue quickly and without confusion. Investors rely on CUSIPs to match trades, settle transactions, track holdings and find official documents, so correct CUSIP use helps prevent errors and ensures records and regulatory filings point to the exact security.

liquidating distribution financial

A liquidating distribution is a payment made to shareholders when a company is winding up or selling off its assets, returning the investors’ share of the cash left after debts are paid. Think of it as splitting the proceeds from selling a house: creditors are paid first, then remaining money is handed back to owners; for investors this signals a company is ending operations and affects how much capital they recover and how it’s taxed.