NEWTOWN SQUARE, PA — Empowered Funds LLC said it will liquidate two exchange-traded funds, the Strive International Developed Markets ETF (NYSE: STXI) and the Strive Mid-Cap ETF (NYSE: STXM), with liquidation expected on or about March 27, 2026, following a review of strategy and investor demand.
The company said the funds will stop trading on the New York Stock Exchange and close to new purchases after the market closes on March 26, 2026.
Shareholders may sell their holdings prior to the closing date, subject to brokerage fees, though the company said there is no assurance of market liquidity during that period.
Empowered Funds said the portfolios may shift to higher cash positions and may not remain fully aligned with their stated investment strategies as the liquidation date approaches.
On or about March 30, 2026, the funds are expected to distribute cash pro rata to shareholders of record, the company said.
The firm said the distributions will generally be treated as taxable events, potentially resulting in capital gains or losses depending on each investor’s tax basis.
Payments may also include distributions of accrued dividends and capital gains, according to the announcement.
The company said the funds will terminate after all distributions are completed.
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