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Yorkville America Equities, LLC and Truth Social Funds Announce Proposed Acquisition of the Point Bridge America First ETF (MAGA)

DJT
  • Yorkville America Equities has agreed to acquire the Point Bridge America First ETF (Ticker: MAGA) to add to the Truth Social Funds product suite.
  • The Board of Trustees of the Truth Social Funds & ETF Series Solutions have approved the transaction, which awaits shareholder approval before closing in Q2 2026.
  • Upon closing, the Point Bridge America First ETF will be reorganized into the Truth Social America First ETF.
  • The target fund currently holds approximately $32 million in assets under management.
  • Yorkville will serve as the investment adviser, while Point Bridge Capital continues day-to-day portfolio management as a sub-adviser & Tuttle Capital Management acts as the trading sub-adviser.
  • Vident Asset Management will cease its sub-advisory role following the transaction.
  • Investment objectives, principal strategies, risks, & management fees are expected to remain unchanged.
  • The transaction involves a tax-free asset transfer where target shareholders receive shares of equal value in the acquiring fund.
  • Proxy materials will be distributed to shareholders as the deal remains subject to customary regulatory & shareholder approvals.
  • Hal Lambert, founder of Point Bridge Capital, expressed enthusiasm for aligning the fund's values with the Truth Social Funds.
  • Steve Neamtz, President of Yorkville America Equities, stated the acquisition aligns with the America First philosophy of the Truth Social Funds.