BOND Evolve Enhanced Yield Bond Fund

TORONTO, Feb. 15, 2024 /CNW/ - Evolve Funds Group Inc. ("Evolve") is pleased to announce two additional currency options, CAD Unhedged Units and USD Unhedged Units, for the Evolve Enhanced Yield Bond Fund ("BOND" or "Evolve Fund"). BOND has closed its initial offering of units and will begin trading on the Toronto Stock Exchange ("TSX") today under ticker symbols BOND.B and BOND.U.

Evolve has waived the management fee payable on the CAD Hedged Units, CAD Unhedged Units and USD Unhedged Units of the Evolve Fund from the date of the prospectus until March 31, 2024. BOND seeks to deliver attractive monthly income and long-term capital appreciation by utilizing an active covered call strategy. The level of covered call option writing may vary based on market volatility and other factors.

The following chart sets out the Toronto Stock Exchange ("TSX") ticker symbols for the Units of BOND:

With over $7.7 billion in assets under management, Evolve is one of Canada's fastest growing ETF providers since launching its first ETF in September 2017.  Evolve is a leader in thematic ETFs and specializes in bringing innovative ETFs to Canadian investors.  Evolve's suite of ETFs provide investors with access to: (i) long term investment themes; (ii) index-based income strategies; and (iii) some of the world's leading investment managers.  Established by a team of industry veterans with a proven track record of success, Evolve creates investment products that make a difference.  For more information, please visit www.evolveetfs.com. 

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Commissions, trailing commissions, management fees and expenses all may be associated with exchange traded funds (ETFs) and mutual funds. Please read the prospectus before investing. There are risks involved with investing in ETFs and mutual funds. Please read the prospectus for a complete description of risks relevant to the ETF and mutual fund. Investors may incur customary brokerage commissions in buying or selling ETF and mutual fund units. Investors should monitor their holdings, as frequently as daily, to ensure that they remain consistent with their investment strategies.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "anticipate", "believe", "intend" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Evolve undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law.

SOURCE Evolve ETFs