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January 25, 2022 – The Board of Trustees (the “Board”) of Collaborative Investment Series Trust (the “Trust”) has determined that it is in the best interests of shareholders to liquidate the Fat Tail Risk ETF   (a “Fund”),  and a series of the Trust, following a recommendation by the Funds’ investment adviser, Tuttle Capital Management, LLC. The Board has determined to liquidate the Fund with the liquidation payment to shareholders expected to take place on or about January 31, 2022 (“Liquidation Date”). 

After the close of business on January 21, 2022, each Fund no longer will accept creation orders. The last day of trading on the NASDAQ, will be January 24, 2022. Shareholders should be aware that while a Fund is preparing to liquidate, it will not be pursuing its stated investment objective or engaging in any business activities except for the purposes of winding up its business and affairs, preserving the value of their assets, paying its liabilities, and distributing its remaining assets to shareholders. 

Shareholders may sell their holdings of a Fund on its Exchange until market close on January 21, 2022 and may incur typical transaction fees from their broker-dealer. The Fund’s shares will no longer trade on its Exchange after market close on January 21, 2022, and the shares will be subsequently delisted. Shareholders who do not sell their shares of the Fund before market close on January 21, 2022 will receive cash equal to the amount of the net asset value of their shares, which will include any capital gains and dividends, in the cash portion of their brokerage accounts, on or about the Liquidation Date. 

Shareholders generally will recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares. You may wish to consult your tax advisor about your particular situation. If you have questions or need assistance, please contact your financial advisor directly or a Fund at (866) 904-0406. This Supplement and the Prospectus dated May 23, 2021, provide relevant information for all shareholders and should be retained for future reference. Both the Prospectus and the Statement of Additional Information have been filed with the Securities and Exchange Commission and are incorporated by reference and can be obtained without charge by calling the Fund at (866) 904-0406.

 

Distributor: Foreside Fund Services, LLC
Source: Collaborative Investment Series Trust
For further information: Matthew Tuttle at mtuttle@tuttlecap.com