April 2, 2020 – Accelerate Financial Technologies Inc. (“Accelerate”) is pleased to announce that it has set April 7th, 2020, as the listing date for its Accelerate Arbitrage Fund (the “Fund” or “ARB”), an alternative exchange traded fund that will trade on the Toronto Stock Exchange under the ticker ARB.
“For many decades, merger arbitrage has been an asset class solely accessible by institutional investors and family offices at a high fee with low liquidity and poor transparency,” said Julian Klymochko, Founder and CEO of Accelerate. “We’re continuing our mission of democratizing alternative investments by bringing investors access to merger arbitrage in an easy to use, liquid and low-fee ETF.”
The Accelerate Arbitrage Fund (TSX: ARB) provides exposure to a diversified portfolio of definitive arbitrage investment opportunities. The Fund has the following features:
- Structure: ETF
- Type: Event-driven
- Objective: To generate consistent, low-volatility returns by investing in listed equity, debt or derivative securities of target companies involved in mergers or corporate actions, while selling short certain listed equity, debt or derivative securities of acquiror companies involved in mergers or corporate actions, where applicable.
- Management Fee: 0.95%
- Performance Fee: None
- Investment Manager: Accelerate Financial Technologies Inc.
- Distribution: Quarterly 3% distribution yield
- Currency: CAD
- Risk-Rating: Low
The Portfolio Manager of the Arbitrage Fund, Julian Klymochko, has a long-term track record in managing arbitrage strategies, culminating in a BarclayHedge Top 10 global event-driven performance award.
Webcast: Accelerate is offering investors the ability to earn a CE credit and learn more about merger arbitrage during the upcoming webcast “Merger Arbitrage: A Strategy for Consistent Returns” on Tuesday, April 7th, at 2:00pm EST. Click here to register for the webcast.
Interested investors can purchase units of ARB commencing April 7th, 2020, on the TSX.
About Accelerate Financial Technologies Inc.
Accelerate is leading innovation in financial services as the pioneer of institutional-caliber hedge fund and private equity ETFs for investors seeking long-term performance. Accelerate was established by a team with a track record of successfully managing award-winning hedge funds and is disrupting the asset management industry by offering performance-oriented alternative investment strategies previously reserved for wealthy investors at a fee significantly lower than competitors.
Accelerate: Because Performance Matters. Find out more at www.AccelerateShares.com
For media and investor inquiries:
Contact Accelerate at 1-855-892-0740 (toll-free), info@acceleratefintech.com or
Contact Michael Lee Hing, COO, Accelerate, (403) 975-5294, mleehing@acceleratefintech.com
