Latest news with #DCAP
Business Upturn
5 days ago
- Business
- Business Upturn
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 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.
Yahoo
5 days ago
- Business
- Yahoo
Unity Wealth Partners and Tidal Financial Group Announce the Closure of the Unity Wealth Partners Dynamic Capital Appreciation & Options ETF (Nasdaq: DCAP)
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 CONTACT: Contact Gavin Filmore at gfilmore@ for more information.
Yahoo
04-03-2025
- Business
- Yahoo
Sen. John Curtis joins proposal to encourage businesses to make child care more affordable
WASHINGTON — A bipartisan group of lawmakers is pushing to make child care more affordable for parents by providing tax credits for businesses that provide options for their employees. The Child Care Availability and Affordability Act, being introduced in the Senate this week, seeks to update current tax provisions to make child care more affordable while also creating a program to boost the number of child care workers. Sen. John Curtis, R-Utah, has signed on to the bill as a cosponsor, calling the proposal a 'practical, commonsense solution' to support working families. 'It's becoming increasingly difficult to raise a family, due in large part to the high cost of child care. Quite frankly, parents deserve better,' Curtis said in a statement. 'By updating tax credits that help cover child care costs and supporting businesses that provide caregiving benefits, our bill puts money back into the pockets of hardworking parents.' The bill is being led by Sens. Katie Britt, R-Ala., and Tim Kaine, D-Va. The bill would bolster the Employer-Provided Child Care Tax Credit to further encourage businesses to provide child care to their employees, particularly small businesses. The proposal would increase the maximum credit from $150,000 to $500,000 and increase the percentage of covered expenses from 25% to 50%. Those incentives would be larger for small businesses by increasing maximum credit to $600,000 and would allow small businesses to enter into joint applications to pool resources. The legislation would expand the Child and Dependent Care Tax Credit to make it partially refundable, allowing lower-income families with out-of-pocket child care expenses to benefit from the credit for the first time, according to the legislation. In doing so, the tax credit would expand maximum benefits to $2,500 for families with one child and up to $4,000 for families with multiple children. The expansion would be the first update to the tax credit program in more than two decades, during which child care costs have risen by more than 200%, according to lawmakers. The proposal would also strengthen the Dependent Care Assistance Program to allow families to deduct up to $7,500 more in expenses. The DCAP would then be decoupled from the Child and Dependent Care Tax Credit to benefit middle-income families with high child care costs but do not have access to the latter due to income restrictions. 'This commonsense proposal is about more than just addressing our child care crisis — it is a direct investment in the hardworking families and local small businesses striving to achieve their American Dream across our nation,' Britt said in a statement. 'I'm proud of this effort to empower parents, which ultimately opens the door to more opportunities for their children and tackles our nation's urgent workforce needs to help unleash a new era of American prosperity.' The same legislation has already been introduced in the House, led by Reps. Mike Lawler, R-N.Y., and Salud Carbajal, D-Calif. Similar bills have been introduced in previous Congresses but have not been passed through both chambers to be enacted.
Yahoo
04-03-2025
- Business
- Yahoo
Sen. John Curtis joins proposal to encourage businesses to make child care more affordable
WASHINGTON — A bipartisan group of lawmakers is pushing to make child care more affordable for parents by providing tax credits for businesses that provide options for their employees. The Child Care Availability and Affordability Act, being introduced in the Senate this week, seeks to update current tax provisions to make child care more affordable while also creating a program to boost the number of child care workers. Sen. John Curtis, R-Utah, has signed on to the bill as a cosponsor, calling the proposal a 'practical, commonsense solution' to support working families. 'It's becoming increasingly difficult to raise a family, due in large part to the high cost of child care. Quite frankly, parents deserve better,' Curtis said in a statement. 'By updating tax credits that help cover child care costs and supporting businesses that provide caregiving benefits, our bill puts money back into the pockets of hardworking parents.' The bill is being led by Sens. Katie Britt, R-Ala., and Tim Kaine, D-Va. The bill would bolster the Employer-Provided Child Care Tax Credit to further encourage businesses to provide child care to their employees, particularly small businesses. The proposal would increase the maximum credit from $150,000 to $500,000 and increase the percentage of covered expenses from 25% to 50%. Those incentives would be larger for small businesses by increasing maximum credit to $600,000 and would allow small businesses to enter into joint applications to pool resources. The legislation would expand the Child and Dependent Care Tax Credit to make it partially refundable, allowing lower-income families with out-of-pocket child care expenses to benefit from the credit for the first time, according to the legislation. In doing so, the tax credit would expand maximum benefits to $2,500 for families with one child and up to $4,000 for families with multiple children. The expansion would be the first update to the tax credit program in more than two decades, during which child care costs have risen by more than 200%, according to lawmakers. The proposal would also strengthen the Dependent Care Assistance Program to allow families to deduct up to $7,500 more in expenses. The DCAP would then be decoupled from the Child and Dependent Care Tax Credit to benefit middle-income families with high child care costs but do not have access to the latter due to income restrictions. 'This commonsense proposal is about more than just addressing our child care crisis — it is a direct investment in the hardworking families and local small businesses striving to achieve their American Dream across our nation,' Britt said in a statement. 'I'm proud of this effort to empower parents, which ultimately opens the door to more opportunities for their children and tackles our nation's urgent workforce needs to help unleash a new era of American prosperity.' The same legislation has already been introduced in the House, led by Reps. Mike Lawler, R-N.Y., and Salud Carbajal, D-Calif. Similar bills have been introduced in previous Congresses but have not been passed through both chambers to be enacted.
