Company Overview - Picton Mahoney Asset Management is a portfolio management boutique founded in 2004 and is 100% employee-owned [3] - The firm specializes in differentiated investment solutions and rules-based volatility management, helping clients fortify their portfolios through various market cycles [2] - As of November 30, 2025, Picton Mahoney manages over $16.5 billion in assets [3] Recent Announcement - On December 16, 2025, Picton Mahoney announced a cash distribution of $0.1281 per unit for the ETF units of the PICTON Market Neutral Equity Alternative Fund [1] - Unitholders of record as of December 22, 2025, will receive this cash distribution payable on December 31, 2025 [1]

TORONTO, Dec. 16, 2025 (GLOBE NEWSWIRE) -- (TSX: PFIN) Picton Mahoney Asset Management announced today that it has declared the December 2025 quarterly cash distribution of $0.1180 per unit for the ETF units (“ETF Units”) of the PICTON Income Fund. Unitholders of record of the ETF Units, at the close of business on December 22, 2025, will receive a per-unit cash distribution payable on December 31, 2025. About Picton Mahoney Asset Management Picton Mahoney Asset Management specializes in differentiated inve ...

Core Insights - WEBs Investments Inc. has announced updated fund names for its Defined Volatility ETF suite to provide clearer insights into each fund's underlying exposure [1][3] Fund Structure and Strategy - The Defined Volatility ETFs utilize a systematic, rules-based approach that adjusts exposure to major ETFs based on real-time market volatility, increasing exposure when volatility is low and reallocating to cash equivalents or U.S. Treasuries when volatility is high [2] - This adaptive framework aims to help investors manage risk while maintaining market participation through varying conditions [2] Fund Name Changes - The following fund name changes have been implemented: - WEBs SPY Defined Volatility ETF (formerly WEBs Defined Volatility SPY ETF) - WEBs QQQ Defined Volatility ETF (formerly WEBs Defined Volatility QQQ ETF) - WEBs Real Estate XLRE Defined Volatility ETF (formerly WEBs Defined Volatility XLRE ETF) - WEBs Utilities XLU Defined Volatility ETF (formerly WEBs Defined Volatility XLU ETF) - WEBs Communication Services XLC Defined Volatility ETF (formerly WEBs Defined Volatility XLC ETF) - WEBs Technology XLK Defined Volatility ETF (formerly WEBs Defined Volatility XLK ETF) - WEBs Financial XLF Defined Volatility ETF (formerly WEBs Defined Volatility XLF ETF) - WEBs Health Care XLV Defined Volatility ETF (formerly WEBs Defined Volatility XLV ETF) - WEBs Consumer Staples XLP Defined Volatility ETF (formerly WEBs Defined Volatility XLP ETF) - WEBs Consumer Discretionary XLY Defined Volatility ETF (formerly WEBs Defined Volatility XLY ETF) - WEBs Industrials XLI Defined Volatility ETF (formerly WEBs Defined Volatility XLI ETF) - WEBs Materials XLB Defined Volatility ETF (formerly WEBs Defined Volatility XLB ETF) - WEBs Energy XLE Defined Volatility ETF (formerly WEBs Defined Volatility XLE ETF) [3] Company Background - WEBs Investments Inc. is an investment adviser registered with the U.S. Securities and Exchange Commission, focused on developing innovative strategies to democratize access to institutional-caliber investment solutions [5] - The company was founded in 2024 by ETF industry veterans, emphasizing a commitment to innovative investment strategies [5]

Group 1: WEBs Investments and Defined Volatility ETFs - WEBs Investments has launched a suite of 13 defined volatility ETFs designed to dynamically adjust market exposure based on real-time volatility [2] - The ETFs utilize sector SPDR ETFs and apply a mechanical, rules-based process to adjust exposure daily based on realized market volatility [2][3] - The strategy is tax-efficient and aims to assist investors with a multi-year horizon, complementing traditional equity allocations with a volatility-aware approach [3] Group 2: Alger's Investment Philosophy and Market Insights - Alger's investment philosophy focuses on "positive dynamic change," leveraging innovation driven by AI, robotics, and digital disruption [4] - Elevated market valuations are viewed as potential long-term opportunities, particularly with an active management approach that considers intangible assets and future earnings potential [5] - Due diligence is emphasized in the active ETF space, with a recommendation for investors to evaluate ETFs with the same rigor as mutual funds, focusing on team, process, philosophy, and performance [5]