TORONTO – May 21, 2024 – Evolve Funds Group Inc. (“Evolve”) is pleased to announce the distribution amounts per unit (the “Distributions”) for certain funds (the “Evolve Funds”), for the period ending May 31, 2024, as indicated in the table below.

The ex-dividend date and record date for the Distributions of the High Interest Savings Account Fund (“HISA”), US High Interest Savings Account Fund (“HISU.U”), Premium Cash Management Fund (“MCAD”) and US Premium Cash Management Fund (“MUSD.U”) is anticipated to be May 29, 2024. For the distributions for all other Evolve Funds, the ex-dividend date and record date is anticipated to be May 31, 2024. Unitholders of Evolve Funds on record date will receive cash distributions payable on or about June 7, 2024.

Evolve FundsTicker
Symbol
Distribution
per Unit
Frequency
Evolve Canadian Banks and Lifecos Enhanced Yield Index FundBANK$0.10000Monthly
Evolve Global Materials & Mining Enhanced Yield Index ETFBASE
BASE.B
$0.20000
$0.20000
Monthly
Monthly
Evolve Enhanced Yield Bond FundBOND
BOND.B
BOND.U
$0.19000
$0.19000
USD $0.19000
Monthly
Monthly
Monthly
Evolve US Banks Enhanced Yield FundCALL
CALL.B
CALL.U
$0.12500
$0.12500
USD $0.12500
Monthly
Monthly
Monthly
Evolve Automobile Innovation Index FundCARS
CARS.B
CARS.U
$0.02000
$0.02000
USD $0.02000
Monthly
Monthly
Monthly
Evolve Cyber Security Index FundCYBR
CYBR.B
CYBR.U
$0.01000
$0.01000
USD $0.01000
Monthly
Monthly
Monthly
Evolve Cloud Computing Index FundDATA
DATA.B
$0.01000
$0.01000
Monthly
Monthly
Evolve Active Canadian Preferred Share FundDIVS$0.07000Monthly
Evolve Active Global Fixed Income FundEARN$0.12500Monthly
Evolve European Banks Enhanced Yield ETFEBNK
EBNK.B
EBNK.U
$0.14500
$0.14500
USD $0.14500
Monthly
Monthly
Monthly
Evolve S&P 500® Enhanced Yield FundESPX
ESPX.B
ESPX.U
$0.15500
$0.15500
USD $0.15500
Monthly
Monthly
Monthly
Evolve S&P/TSX 60 Enhanced Yield FundETSX$0.16000Monthly
Evolve Active Core Fixed Income FundFIXD$0.05500Monthly
High Interest Savings Account FundHISA$0.22565Monthly
US High Interest Savings Account FundHISU.UUSD $0.48786Monthly
Evolve Future Leadership FundLEAD
LEAD.B
LEAD.U
$0.10500
$0.10500
USD $0.10500
Monthly
Monthly
Monthly
Evolve Global Healthcare Enhanced Yield FundLIFE
LIFE.B
LIFE.U
$0.16000
$0.16000
USD $0.16000
Monthly
Monthly
Monthly
Premium Cash Management FundMCAD$0.48006Monthly
US Premium Cash Management FundMUSD.UUSD $0.51255Monthly
Evolve NASDAQ Technology Enhanced Yield Index FundQQQY$0.32000Monthly
Evolve FANGMA Index ETFTECH
TECH.B
TECH.U
$0.00160
$0.00160
USD $0.00160
Monthly
Monthly
Monthly

Distributions for the funds will vary from period to period.  For further information regarding the Distributions, please visit www.evolveetfs.com 

Commissions, management fees and expenses all may be associated with exchange traded funds (ETFs) and mutual funds. ETFs and mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs and mutual funds. Please read the prospectus for a complete description of risks relevant to ETFs and mutual funds. Investors may incur customary brokerage commissions in buying or selling ETF and mutual fund units. Please read the prospectus before investing.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “anticipate”, “believe”, “intend” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Evolve undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law.

About Evolve Funds Group Inc.

With $7 billion in assets under management, Evolve is one of Canada’s fastest growing ETF providers since launching its first ETF in September 2017. Evolve specializes in bringing innovative ETFs to Canadian investors. Evolve’s suite of ETFs provide investors with access to: (i) index-based income strategies; (ii) long term investment themes; and (iii) some of the world’s leading investment managers. Established by a team of industry veterans with a proven track record of success, Evolve creates investment products that make a difference.  For more information, please visit www.evolveetfs.com.

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CONTACT INFORMATION: Evolve ETFs, info@evolveetfs.com, t. 416.214.4884, tf. 1.844.370.4884

MEDIA CONTACT: Keith Crone, kcrone@evolveetfs.com, 416.966.8716

The S&P 500® Index and the S&P/TSX 60 Index are each a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and has been licensed for use by the Evolve Funds. S&P® and S&P 500® are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). It is not possible to invest directly in an index. The Evolve Funds are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, any of their respective affiliates (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices does not make any representation or warranty, express or implied, to the owners of the Evolve Funds or any member of the public regarding the advisability of investing in securities generally or in the Evolve Funds particularly or the ability of the S&P 500® Index and the S&P/TSX 60 Index to track general market performance.  Past performance of an index is not an indication or guarantee of future results. S&P Dow Jones Indices’ only relationship to the Evolve Funds with respect to the S&P 500® Index and the S&P/TSX 60 Index is the licensing of the Indexes and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors.  The S&P 500® Index and the S&P/TSX 60 Index are determined, composed and calculated by S&P Dow Jones Indices without regard to the Evolve Funds.  S&P Dow Jpones Indices have no obligation to take the needs of the Evolve Funds or the owners of the Evolve Funds into consideration in determining, composing or calculating the S&P 500® Index and the S&P/TSX 60 Index. S&P Dow Jones Indices has no obligation or liability in connection with the administration, marketing or trading of the Evolve Funds. There is no assurance that investment products based on the S&P 500® Index or the S&P/TSX 60 Index will accurately track index performance or provide positive investment returns.  S&P Dow Jones Indices LLC is not an “investment adviser, commodity trading advisory, commodity pool operator, broker dealer, fiduciary, promoter” (as defined in the Investment Company Act of 1940, as amended), “expert” as enumerated within 15 U.S.C. s. 77k(a) or tax advisor.  Inclusion of a security, commodity, crypto currency or other asset within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, commodity, crypto currency or other asset, nor is it considered to be investment advice or commodity trading advice.

S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE S&P 500® INDEX AND THE S&P/TSX 60 INDEX OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO.  S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN.  S&P DOW JONES INDICES MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY THE EVOLVE FUNDS, THE OWNERS OF THE EVOLVE FUNDS, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE S&P 500® INDEX AND THE S&P/TSX 60 INDEX OR WITH RESPECT TO ANY DATA RELATED THERETO.  WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBLITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE.  S&P DOW JONES INDICES HAS NOT REVIEWED, PREPARED AND/OR CERTIFIED ANY PORTION OF, NOR DOES S&P DOW JONES INDICES HAVE ANY CONTROL OVER, THE LICENSEE PRODUCT REGISTRATION STATEMENT, PROSPECTUS OR OTHER OFFERING MATERIALS. THERE ARE NO THIRD-PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND THE EVOLVE FUNDS OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.

Nasdaq®, Nasdaq-100®, Nasdaq-100 Index®, Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted™ Index are trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Evolve ETFs. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).