Mr. Raj Lala reports

EVOLVE BIG SIX CANADIAN BANKS ULTRAYIELD INDEX ETF BEGINS TRADING TODAY ON TSX

Evolve Funds Group Inc.'s Evolve Big Six Canadian Banks UltraYield Index ETF (Toronto Stock Exchange: SIXY) has closed its initial offering of units and will begin trading on the Toronto Stock Exchange (TSX) today under the ticker symbol: SIXY (unhedged ETF (exchange-traded fund) units).

"We are excited to launch SIXY, the first sector focused ETF in our new UltraYield lineup, giving income investors targeted exposure to Canada's Big Six banks," said Raj Lala, president and chief executive officer at Evolve. "By pairing our proven covered call strategy with modest leverage, SIXY is built to maximize yield in a single ticket investment solution."

SIXY is designed to offer investors modestly levered exposure to a portfolio of Canada's Big Six banks -- Royal Bank of Canada (RBC), Toronto-Dominion Bank (TD), Bank of Montreal (BMO), Scotiabank, Canadian Imperial Bank of Commerce (CIBC) and National Bank of Canada, with a covered call strategy.

Cash distributions on SIXY are anticipated to be paid twice per month with the first distribution indicated in the attached table.

Evolve Big Six aims to replicate, to the extent reasonably possible before fees and expenses, up to a 1.33 times multiple of the performance of the Solactive Equal Weight Canada Banks Index, or a successor index. To enhance yield and manage risk, SIXY will employ a covered call option writing program at the discretion of the manager. The level of covered call option writing may vary based on market conditions.

SIXY will use modest leverage in order to seek to achieve its investment objective. Leverage will be created through the use of cash borrowings and/or derivatives, or as otherwise permitted under applicable securities legislation.

About Evolve Funds Group Inc.

With over $8-billion in assets under management, Evolve specializes in bringing innovative ETFs (exchange-traded funds) to Canadian investors. Evolve's suite of ETFs provide investors with access to: (i) index-based income strategies; (ii) long-term investment themes; and (iii) some of the world's leading investment managers. Established by a team of industry veterans with a demonstrated ability to succeed, Evolve creates investment products that make a difference.

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