Investment Managers Series Trust II has decided to liquidate its Tradr 2X Long SK hynix Daily ETF and Tradr 2X Short SK hynix Daily ETF. This significant move comes as part of a broader strategy within the investment management industry, indicating a shift in focus for the firm.
The Board of Trustees has approved a Plan of Liquidation for both funds. This plan allows for the termination, liquidation, and dissolution of each fund. The last day for creating and redeeming shares will be November 5, 2026, marking the end of trading on the Cboe BZX Exchange, Inc., which is the principal U.S. listing exchange for the funds.
According to the filing, on or about November 12, 2026, the funds will cease operations, liquidate their assets, and prepare to distribute proceeds to shareholders of record as of the Liquidation Date. Shareholders will receive cash at the net asset value of their shares as of that date. Importantly, while shareholders will not incur transaction fees on the liquidation proceeds, they should consult their tax advisers regarding the potential tax implications of the liquidation.
In anticipation of the liquidation, AXS Investments LLC, the advisor for the funds, may manage the funds in a way that facilitates an orderly liquidation. This could involve raising cash or investing in highly liquid assets, which may not align with the funds' stated investment strategies. As a result, shareholders may want to consider selling their holdings on the Cboe BZX Exchange, Inc., before the Closing Date.
For any questions or assistance, shareholders are encouraged to contact the funds directly at 1-888-52TRADR (1-888-528-7237).