3iQ Corp. Launches New Cryptoasset Fund to Provide Exposure to Altcoins
Not for distribution to U.S. newswire services or for dissemination in the United States.
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, OR INTO OR FROM THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY SECURITIES OF THE 3iQ GLOBAL CRYPTOASSET FUND IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.
Toronto, Ontario–(Newsfile Corp. – March 1, 2022) – 3iQ Corp. (3iQ) announced today the launch of 3iQ Global Cryptoasset Fund (the “Fund”). The Fund will continue to invest primarily in bitcoin and ether, similar to its predecessor which merged with the Fund today (the “Merger”), however the Fund will also hold other leading digital assets including Algorand (ALGO), Avalanche (AVAX), Cardano (ADA), Chainlink (LINK), FTX Token (FTT), Polkadot (DOT), Polygon (MATIC), Stellar (XLM), Tezos (XTZ) and Solana (SOL). The Merger was approved by unitholders of the predecessor fund at a special meeting held on February 23, 2022.
The Fund’s portfolio will consist of bitcoin (40%) and ether (25%) with the balance (35%) invested in the other leading digital assets, based on the weighting of such digital assets in the MVIS® CryptoCompare Optimum Global Cryptoasset Index (ticker: MVGCFI) (the “Index”), a market-capitalization based index. The Fund has an exclusive licence to use the Index.
“When we first launched the 3iQ Global Cryptoasset Fund [the predecessor of the Fund], it was one of the first of its kind to offer accredited investors exposure to a diverse portfolio of multiple cryptocurrencies,” said Fred Pye, Chairman and CEO of 3iQ. “And now, we are excited to be expanding our investors’ positions by leveraging the MVIS multi-token index to provide Canadian investors access to key Layer 1 and Layer 2 blockchains and even more diversification within the fund.”
Media Contact
Tara Christie, 3iQ Corp.
+1 (416) 639-2130
media@3iQ.ca
About 3iQ Corp
Founded in 2012, 3iQ Corp. (3iQ) is Canada’s largest digital asset investment fund manager with more than C$2.5 billion in assets under management (as at February 28, 2022). 3iQ was the first Canadian investment fund manager to offer a public bitcoin investment fund, The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U), and a public ether investment fund, The Ether Fund (TSX: QETH.UN, QETH.U). More recently, 3iQ launched the 3iQ CoinShares Bitcoin ETF (TSX: BTCQ) (TSX: BTCQ.U) and the 3iQ CoinShares Ether ETF (TSX: ETHQ) (TSX: ETHQ.U). 3iQ offers investors convenient and familiar investment products to gain exposure to digital assets.
For more information about 3iQ:
Visit us at 3iQ.ca
Follow us on Twitter @3iQ_corp or on Linkedin at https://www.linkedin.com/company/3iq-corp/
Subscribe to our YouTube channel https://www.youtube.com/c/3iQDigitalAssetManagement
Units of the Fund are offered on a private placement basis and only to investors who meet certain eligibility or minimum purchase requirements under applicable securities legislation. Important information about the Fund is contained in the Fund’s confidential offering memorandum, which should be read carefully before investing. The Fund’s confidential offering memorandum is available from 3iQ Corp. Information contained in the Fund’s confidential offering memorandum includes the Fund’s investment objectives, investment strategies, investment restrictions and the risks associated with an investment in the Fund.
IMPORTANT NOTICES
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED THEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.
This announcement should not be distributed, forwarded, transmitted or otherwise disseminated in or into the United States. The Fund’s securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or under the applicable securities laws of any state or other jurisdiction of the United States, and may not be offered, sold, resold, transferred or delivered, directly or indirectly within, into or in the United States, absent registration or an applicable exemption from, or except in a transaction not subject to, the registration requirements of the Securities Act and in compliance with the securities laws of any relevant state or other jurisdiction of the United States. Neither this announcement, nor the fact that it has been disseminated, shall form the basis of, or be relied upon in connection with, any future information that we distribute.
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The Bitcoin Fund Establishes At-The-Market Equity Program
Toronto, July 13, 2021 (GLOBE NEWSWIRE) — Not for distribution to U.S. newswire services or for dissemination in the United States.
This announcement and the information contained herein is restricted and is not for release, publication or distribution, in whole or in part, directly or indirectly in, or into or from the United States or any other jurisdiction in which the same would be unlawful. Further, this announcement is for information purposes only and shall not constitute an offer to sell or issue or the solicitation to buy, subscribe for or otherwise acquire any securities of The Bitcoin Fund in any jurisdiction in which any such offer or solicitation would be unlawful.
The Bitcoin Fund (the “Fund”) is pleased to announce its at-the-market equity program (the “ATM Program”) to allow the Fund to issue Class A Units having an aggregate sale price of up to US$200,000,000 (the “Class A Units”) to the public from time to time, at the discretion of 3iQ Corp. (the “Manager” or “3iQ”). Any Class A Units issued will be sold at the prevailing market price at the time of sale through the Toronto Stock Exchange (“TSX”) or any other marketplace in Canada on which the Class A Units are listed, quoted or otherwise traded.
The volume and timing of distributions under the ATM Program, if any, will be determined at the Manager’s sole discretion. The ATM Program will be effective until December 5, 2022 unless terminated prior to such date by the Fund. The Fund intends to use the proceeds from the ATM Program in accordance with the Fund’s investment objectives, investment strategies and investment restrictions.
Sales of the Class A Units through the ATM Program will be made pursuant to the terms of an equity distribution agreement dated July 9, 2021 with Canaccord Genuity Corp. (the “Agent”).
Sales of Class A Units will be made by way of “at-the-market distributions” as defined in National Instrument 44-102 Shelf Distributions, including sales made directly on the TSX or on any other existing trading market for the Class A Units in Canada. Since the Class A Units will be distributed at prevailing market prices at the time of the sale, prices may vary among purchasers during the period of distribution. The ATM Program is being offered pursuant to a prospectus supplement dated July 9, 2021 to the Fund’s short form base shelf prospectus dated November 5, 2020, as amended by amendment no. 1 dated January 5, 2021. Copies of the prospectus supplement and the short form base shelf prospectus may be obtained from your registered financial advisor using the contact information for such advisor, or from representatives of the Agent, and are available on SEDAR at www.sedar.com.
About 3iQ Corp.
Founded in 2012, 3iQ is Canada’s largest digital asset investment fund manager with over C$2.5 billion in assets under management. 3iQ was the first Canadian investment fund manager to offer a public bitcoin investment fund, The Bitcoin Fund (TSX: QBTC, QBTC.U), and a public Ether investment fund, The Ether Fund (TSX: QETH.UN, QETH.U). More recently, 3iQ launched the 3iQ CoinShares Bitcoin ETF (TSX: BTCQ, BTCQ.U) and the 3iQ CoinShares Ether ETF (TSX: ETHQ, ETHQ.U). 3iQ offers investors convenient and familiar investment products to gain exposure to digital assets. For more information about 3iQ and its digital asset investment funds, visit www.3iQ.ca or follow us on Twitter @3iQ_corp.
Press Contact
Fred Pye – Chairman and CEO
E: fred.pye@3iQ.ca
P: +1 (416) 639-2130
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Important Notices
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED THEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.
This announcement should not be distributed, forwarded, transmitted or otherwise disseminated in or into the United States. This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or subscribe for securities in the United States or any other jurisdiction. The ETF’s securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or under the applicable securities laws of any state or other jurisdiction of the United States, and may not be offered, sold, resold, transferred or delivered, directly or indirectly within, into or in the United States, absent registration or an applicable exemption from, or except in a transaction not subject to, the registration requirements of the Securities Act and in compliance with the securities laws of any relevant state or other jurisdiction of the United States. Neither this announcement, nor the fact that it has been disseminated, shall form the basis of, or be relied upon in connection with, any future information that we distribute.
Disclaimer
Please read the prospectus before investing. Important information about the ETF is contained in the prospectus. Copies of the prospectus may be obtained from 3iQ Corp. or at www.sedar.com.
You will usually pay brokerage fees to your dealer if you purchase or sell units of the ETF on a stock exchange or other alternative Canadian trading system (an “exchange”). If units of the ETF are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.
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