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Tidal Financial Group Announces the Closure of the FIRE Funds™ Income Target ETF (NYSE Arca: FIRI) and the FIRE Funds™ Wealth Builder ETF (NYSE Arca: FIRS)
Globenewswire· 2025-10-10 20:22
Core Points - Tidal Financial Group announced the closure and liquidation of the FIRE Funds™ Income Target ETF (FIRI) and the FIRE Funds™ Wealth Builder ETF (FIRS) as determined by the Board of Trustees of Tidal Trust III [1][2] Fund Closure Details - The FIRI and FIRS funds will cease trading on the NYSE Arca at the close of regular trading on October 24, 2025, and will not accept creation orders after this date [2] - Shareholders can sell their holdings prior to the Closing Date through standard brokerage transactions, but after October 24, 2025, they will receive cash distributions as part of the liquidation process [3] Liquidation Process - Between October 24, 2025, and October 30, 2025, the funds will begin liquidating their holdings and increasing cash positions, which will lead to a departure from their stated investment strategy [4] - On or around October 30, 2025, the funds will distribute remaining net assets to shareholders of record who have not sold their shares prior to liquidation, with distributions treated as a taxable event [5][6] Company Background - Tidal Financial Group, formed by ETF industry pioneers, aims to revolutionize ETF development, marketing, and sales, focusing on growing assets under management (AUM) and providing innovative tools and methodologies [7]