Unity Wealth Partners and Tidal Financial Group Announce the Closure of the Unity Wealth Partners Dynamic Capital Appreciation & Options ETF (Nasdaq: DCAP)
By GlobeNewswire Published on May 31, 2025, 01:38 IST
MILWAUKEE, May 30, 2025 (GLOBE NEWSWIRE) — Tidal Financial Group and Unity Wealth Partners today announced the upcoming closure and liquidation of the Unity Wealth Partners Dynamic Capital Appreciation & Options ETF (Nasdaq: DCAP). The Board of Trustees of Tidal Trust III has determined that closing and liquidating the fund is in the best interest of the fund and its shareholders.
The Unity Wealth Partners Dynamic Capital Appreciation & Options ETF (the fund) will cease trading on the Nasdaq at the close of regular trading on June 13, 2025 (the 'Closing Date'), and will no longer accept creation orders as of that date.
Shareholders may sell their holdings in the fund prior to the Closing Date through standard brokerage transactions, which may be subject to customary brokerage fees. After June 13, 2025, shareholders will be unable to buy or sell shares on an exchange and may only redeem shares through select broker-dealers. There is no assurance that there will be an active market for the fund during the period between the Closing Date and Liquidation.
Between June 13, 2025 and June 20, 2025 (the 'Liquidation Date'), DCAP will begin liquidating its holdings and increasing its cash position in preparation for final distribution. During this period, the fund's portfolio will depart from its stated investment strategy and objective.
On or around June 20, 2025, DCAP will distribute its remaining net assets to shareholders of record who have not sold their shares prior to liquidation. This final distribution will be made in cash on a pro rata basis and will generally be treated as a taxable event. Shareholders should consult their tax advisers to understand the potential implications related to capital gains, losses, or dividends arising from the liquidation.
After the distribution of net assets is complete, the fund will be officially terminated.
About Tidal Financial Group
Formed by ETF industry pioneers and thought leaders, Tidal Investments LLC sets out to revolutionize the way ETFs have historically been developed, launched, marketed, and sold. With a focus on growing AUM, Tidal offers a comprehensive suite of services, proprietary tools, and methodologies designed to bring lasting ideas to market. Tidal is an advocate for ETF innovation. The firm is on a mission to provide issuers with the intelligence and tools needed to efficiently and to effectively launch ETFs and to optimize growth potential in a highly competitive space. For more information, visit https://www.tidalfinancialgroup.com/.
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
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