Evermore Capital Inc. Announces Final Termination Proceeds Relating to the Termination of the Evermore Retirement ETFs

TORONTO--(BUSINESS WIRE)--Evermore Capital Inc. (“Evermore”) announced today additional information regarding the termination of the following Evermore Retirement ETFs (the “Terminating Funds”) that was announced on February 22, 2023:

ETF Name	Ticker
Evermore Retirement 2025 ETF	ERCV
Evermore Retirement 2030 ETF	ERDO
Evermore Retirement 2035 ETF	ERDV
Evermore Retirement 2040 ETF	EREO
Evermore Retirement 2045 ETF	EREV
Evermore Retirement 2050 ETF	ERFO
Evermore Retirement 2055 ETF	ERFV
Evermore Retirement 2060 ETF	ERGO

The units of the Terminating Funds were delisted from the NEO Exchange on April 24, 2023. The proceeds from the liquidation of the assets, less all liabilities and expenses incurred in connection with this termination of the Terminating Funds (the “Termination Proceeds”) were determined on April 25, 2023, and are as follows:

Fund Name	Final Distribution (CAD)			Post- distribution Net Asset Value per Unit (CAD)	Termination Proceeds per unit (CAD)
	Income per Unit	Dividends per Unit	Capital Gains per Unit
Evermore Retirement 2025 ETF	-	-	0.49377	18.35673	18.85050
Evermore Retirement 2030 ETF	-	-	-	18.75400	18.75400
Evermore Retirement 2035 ETF	-	-	-	18.92690	18.92690
Evermore Retirement 2040 ETF	-	-	-	18.70450	18.70450
Evermore Retirement 2045 ETF	-	-	-	19.28200	19.28200
Evermore Retirement 2050 ETF	-	-	-	18.93030	18.93030
Evermore Retirement 2055 ETF	-	-	-	19.39190	19.39190
Evermore Retirement 2060 ETF	-	-	-	18.97800	18.97800

Each unitholder will receive the Termination Proceeds (including the final distribution) on a pro rata basis and in the currency shown in the table above and no further action is required by unitholders.

The Termination Proceeds will be paid out to CDS Clearing and Depository Services Inc. on or about April 27, 2023, which investors will receive thereafter based on individual brokerage processing times.

For any investor inquiries about the terminations, please email [e-mail].

About Evermore

Evermore is a Canadian asset management company that created and issued the first target date ETFs in Canada, the Evermore Retirement ETFs. For more information on Evermore, visit www.evermore.ca.

Commissions, trading fees, management fees and expenses all may be associated with an investment in exchange traded funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated.