Teucrium Agricultural Fund (NYSE: CANE) revises Sponsor management details
Rhea-AI Filing Summary
Teucrium Agricultural Fund is updating its Prospectus to reflect changes in the compliance and management structure of its Sponsor, Teucrium Trading, LLC. Effective January 1, 2026, Cory Mullen-Rusin resigned as Chief Compliance Officer of the Sponsor and remains Chief Financial Officer and Chief Accounting Officer, while Christi Powitzky was appointed as the new Chief Compliance Officer.
The supplement clarifies the Sponsor’s lean staffing and reliance on key individuals, including Sal Gilbertie, Springer Harris, Cory Mullen-Rusin, and Christi Powitzky, and describes the responsibilities of each senior officer. It also notes that fundamental actions at the Sponsor require approval from Class A members, including Mr. Gilbertie and Van Eck Associates Corporation, and lists the principals of the Sponsor and its subsidiary under CFTC rules.
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FAQ
What management change does Teucrium Agricultural Fund (CANE) disclose in this supplement?
Effective January 1, 2026, Cory Mullen-Rusin resigned as Chief Compliance Officer of Teucrium Trading, LLC, the Sponsor of Teucrium Agricultural Fund, and Christi Powitzky was appointed as the new Chief Compliance Officer.
Who is Christi Powitzky and what is her role for Teucrium Agricultural Fund (CANE)?
Christi Powitzky has been the Chief Compliance Officer of the Sponsor since January 1, 2026. She is responsible for developing, instituting, and monitoring processes and procedures to comply with regulatory requirements and has over fifteen years of experience as a compliance officer.
What roles does Cory Mullen-Rusin continue to hold for the Teucrium Agricultural Fund (CANE) Sponsor?
Cory Mullen-Rusin remains the Chief Financial Officer and Chief Accounting Officer of the Sponsor, with primary responsibility for financial management, reporting, and accounting records. She previously served as Chief Compliance Officer from September 17, 2018 through December 31, 2025.
How is the Sponsor of Teucrium Agricultural Fund (CANE) governed and who are its key decision-makers?
Under the Sponsor’s operating agreement, the Sponsor is managed by its officers, including the Chief Executive Officer, Chief Investment Officer and President, Chief Operating Officer, Chief Financial Officer, Chief Accounting Officer, and Chief Compliance Officer. Fundamental actions, such as removal of officers or incurrence of certain liabilities, require the affirmative vote of a majority of Class A members, including Sal Gilbertie and Van Eck Associates Corporation.
Who are considered principals of the Teucrium Agricultural Fund (CANE) Sponsor under CFTC rules?
Sal Gilbertie, Springer Harris, Van Eck Associates Corporation, Cory Mullen-Rusin, and Christi Powitzky are principals of the Sponsor and Teucrium Investment Advisors, LLC due to their positions and/or ownership interests. GFI Group LLC and NMSIC Classic LLC are also principals under CFTC rules based on their ownership interests and capital contributions.
How does this supplement describe staffing and key person risk for Teucrium Agricultural Fund (CANE)?
The supplement states that the Sponsor is leanly staffed and relies heavily on a small number of individuals, including Mr. Gilbertie, Mr. Harris, Ms. Mullen-Rusin, and Ms. Powitzky, to manage trading activities. If any of these individuals were to leave or be unable to carry out their responsibilities, it may adversely affect management of the Fund.