UPDATE – Tidal Financial Group and CNIC Funds Announces the Closure of the CNIC ICE U.S. Carbon Neutral Power Futures Index ETF (NYSE: AMPD)
1. CNIC Funds plans to liquidate the AMPD ETF by February 21, 2025. 2. AMPD will stop trading on NYSE and liquidate its holdings. 3. Shareholders can sell before closure but face tax implications on distributions. 4. Liquidation may lead to a deviation from AMPD's investment objectives. 5. Post-liquidation, AMPD will distribute net assets in cash to shareholders.