Mr. Keith Crone of Evolve ETFs reports

PREMIUM CASH MANAGEMENT FUND AND US PREMIUM CASH MANAGEMENT FUND BEGIN TRADING TODAY ON TSX

Premium Cash Management Fund (MCAD) and U.S. Premium Cash Management Fund (MUSD) (collectively, the Evolve funds) have launched. The Evolve funds have closed initial offerings of units and will begin trading on the Toronto Stock Exchange (TSX) today under the ticker symbols MCAD and MUSD.U.

The Evolve funds are designed to provide investors with the ability to maximize current income, while at the same time preserving capital and maintaining liquidity, by investing primarily in Canadian dollar-denominated and U.S. dollar-denominated high-quality short-term debt securities (with a term to maturity of 365 days or less), respectively.

Premium Cash Management Fund

MCAD invests primarily in Canadian dollar-denominated high-quality short-term debt instruments such as treasury bills, bankers acceptances, bearer deposit notes, commercial paper (including asset-backed commercial paper), promissory notes, floating rate notes, as well as other short-term debt obligations of, or guaranteed by, the Canadian governments or their agencies, Canadian chartered banks, Canadian loan or trust companies, or Canadian corporations.

U.S. Premium Cash Management Fund

MUSD invests primarily in U.S. dollar-denominated high-quality short-term debt instruments such as treasury bills, bankers acceptances, bearer deposit notes, commercial paper (including asset-backed commercial paper), promissory notes, floating rate notes, as well as other short-term debt obligations of, or guaranteed by, the U.S. governments or their agencies, U.S. chartered banks, U.S. loan or trust companies, or U.S. corporations

The attached table sets out the exchange-traded fund units for each of the Evolve funds.

We seek Safe Harbor.