CALGARY, AB, April 12, 2023 /CNW/ – Accelerate Financial Technologies Inc. (“Accelerate”), a leader in alternative investment solutions, is providing an update on the Accelerate Carbon-Negative Bitcoin ETF (TSX: ABTC).
Accelerate will be terminating the Accelerate Carbon-Negative Bitcoin ETF effective at the close of business on June 12, 2023 (the “Termination Date”).
Effective immediately, except in limited circumstances, no further direct subscriptions for shares of ABTC will be accepted. ABTC is expected to be de-listed from the Toronto Stock Exchange, at the request of Accelerate, at the close of business on or about June 9, 2023, with all shares still held by investors being subject to a mandatory redemption as of the Termination Date.
Any remaining shareholders of ABTC as of the Termination Date will receive the net proceeds from the liquidation of the assets, less all liabilities and all expenses incurred in connection with the dissolution of ABTC, on a pro-rata basis.
Accelerate Financial Technologies Inc. (“Accelerate”) is a leading provider of alternative investment solutions. Accelerate helps investment advisors, institutions, and individual investors diversify their investment portfolios, manage risk, and improve their portfolio’s risk-adjusted returns.
Accelerate is powering diversification. Find out more at www.AccelerateShares.com
SOURCE Accelerate Financial Technologies Inc.
For further information: For investor inquiries: Contact Accelerate at 1-855-892-0740 (toll-free), firstname.lastname@example.org; For media inquiries: Contact Michael Lee Hing, COO, Accelerate, (403) 975-5294, email@example.com