Empowered Funds Sets New Liquidation Timeline for Two Emerging Market ETFs

The Sophus Capital Emerging Market ETF (EMEM) is set to liquidate on or about October 14, 2026. Trading for this fund will halt on the Nasdaq following the close of regular market hours on October 13, at which point the firm will cease accepting creation and redemption orders. A similar process applies to the Sophus Capital Emerging Market Small Cap ETF (EMSC), which is scheduled for liquidation on or about October 28, following its final trading day on October 27.

Shareholders retain the ability to sell their holdings through their brokerages prior to these dates, though liquidity may tighten as the final deadlines approach. Empowered Funds noted that as the funds move toward termination, their investment strategies may deviate from stated objectives to prioritize cash holdings. Once liquidated, the funds will distribute remaining cash pro rata to shareholders of record. These distributions are expected to trigger taxable events, and investors are encouraged to consult tax professionals regarding potential capital gains or losses. Following these final payouts, both funds will officially terminate.