Mr. Steve Hawkins of LongPoint reports
LONGPOINT ANNOUNCES ETF CLOSURES
MegaLong (3X) 20+ Year US Treasury Daily Leveraged Alternative ETF and MegaShort (-3X) 20+ Year US Treasury Daily Leveraged Alternative ETF will be terminated by LongPoint Asset Management Inc. effective at the close of business on or about March 6, 2026.
Effective Dec. 30, 2025, except in limited circumstances, no further subscriptions for shares of the exchange-traded funds will be accepted. The ETFs are expected to voluntarily delist from the Toronto Stock Exchange at the request of LongPoint as of the close of business on or about March 3, 2026, with all shares still held by investors being subject to a mandatory redemption as of the termination date.
Any remaining shareholders of an ETF as at 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 the ETF, on a pro rata basis.
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