Latest Breaking News On - Starboard investment trust - Page 1 : comparemela.com

To embed, copy and paste the code into your website or blog: A trend seems to be starting for open-end management investment companies to reorganize into exchange-traded funds. The March 12, 2021, merger of the Adaptive Growth Opportunities Fund, a series of the Starboard Investment Trust, into the Adaptive Growth Opportunities ETF, a series of the trust that was created for that purpose, illustrates what this may entail. The fund’s adviser, Cavalier Investments (doing business as Adaptive Investments), continues as the ETF’s adviser. The shareholders received a Form N-14 information statement, prospectus, statement of additional information, president’s letter, and Q&A describing the conversion and the ETF. Shareholders had an opportunity to redeem or exchange their shares in the fund if they did not want to continue as shareholders of the ETF.

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