Bullboard - Stock Discussion Forum Ether ETV Class A QETHF

Primary Symbol: T.QETH.UN

The Ether Fund (the Fund) is a Canada-based closed-ended investment fund. The investment objective of the Fund is to seek to provide unit holders of the Fund with exposure to the digital asset ether (ether), the daily price movements of the United States dollar price of ether and the opportunity for long-term capital appreciation. To achieve its investment objectives, the Fund will invest in... see more

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TSX:QETH.UN - Post Discussion

Ether ETV Class A > The fund is buying and that is how gap will close

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Post by rwfresh on May 04, 2021 10:45am

The fund is buying and that is how gap will close

Just noticed this beauty:

https://3iq.ca/the-ether-fund-announces-normal-course-issuer-bid/

3iq had released a statement saying they will buy up to 10% of the fund's available QETH at NAVPU. No brainer.

"3iQ Corp. is pleased to announce that The Ether Fund (TSX:QETH.U, QETH.UN) (the “Fund”) has filed a Notice of Intention to make a normal course issuer bid to purchase up to 1,018,610 Class A Units, representing approximately 10% of the public float of 10,186,100 Class A Units as of February 18, 2021. The Fund may purchase up to 204,345 Class A Units in any 30 day period which is 2% of the 10,217,275 Class A Units issued and outstanding as at February 18, 2021.

The Class A Units may be purchased for cancellation from March 1, 2021 to February 28, 2022 through the facilities of the TSX and/or alternative Canadian trading systems at a price per Class A Unit not exceeding the last published net asset value per Class A Unit. The Directors of the 3iQ Corp., the manager of the Fund, believe that such purchases are in the best interest of the Fund and are a desirable use of its available funds. The Fund has not purchased any Class A Units during the previous year pursuant to any issuer bid."

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