Mast Managed Futures Mutual Fund to Convert Into Active ETF

The Mast Managed Futures Strategy Fund has received approval to reorganize into the newly created Mast HedgeIndex Managed Futures Strategy ETF, with the conversion expected to occur after market close on August 31, 2026. Shareholders will receive ETF shares and/or cash equal to the value of their existing holdings. The new ETF will maintain the same investment objective and substantially similar managed-futures strategy as the mutual fund. Manteio Scalable Technologies will remain the investment adviser, while Tidal Investments will be added as sub-adviser. Ahead of the conversion, Class A and Class C shares will be consolidated into Class I shares and the fund will close to new purchases on August 27.