Cambria Announces Liquidation of Cambria Cannabis ETF

MANHATTAN BEACH, Calif.–(BUSINESS WIRE)–Cambria Investment Management, the California-based provider of exchange-traded funds, announced the scheduled liquidation of the below ETF (the “Fund”), based on an ongoing review process of its product lineup to ensure it meets the evolving needs of its clients. The Fund scheduled for liquidation:

Based upon the recommendation of Cambria Investment Management, L.P., the Fund’s advisor, the Board of Trustees determined on March 24, 2026, that liquidating the fund was in the best interest of the Fund and its shareholders. The Fund represents less than 1% of Cambria Investment Management’s total assets.

Shareholders may sell their holdings in the Fund before the close of trading on Friday, April 17, 2026. Customary brokerage charges may apply to these transactions. The Fund will cease trading at the end of the trading day on Friday April 17, 2026, and is expected to liquidate on or around Friday, April 24, 2026.

Any individual holding shares in the Fund as of the liquidation date will receive a cash distribution equal to the net asset value of their shares on that date. Cambria Investment Management, L.P. will bear all fees and expenses that may be incurred in connection with the liquidation of the Fund and the distribution of cash proceeds to investors, other than brokerage fees and other related expenses.

About Cambria

Cambria Investment Management, LP (“Cambria” or the “Company”) is a SEC registered investment advisor that was formed in 2006. Cambria is an independent, privately owned investment advisory firm focused on quantitative asset management and alternative investments. The Company’s mission is to preserve and grow capital by producing above-average absolute returns with low correlation to traditional assets and manageable risk. Cambria investment portfolios and ETFs cover equity-focused strategies, Fixed Income, global asset allocation, tail risk, hedged equity, and thematic strategies. The firm manages 20 different ETFs and had over $4.1 billion in assets under management as of 02/28/2026: Cambria Shareholder Yield ETF (SYLD), Cambria Foreign Shareholder Yield ETF (FYLD), Cambria Global Value ETF (GVAL), Cambria Global Momentum ETF (GMOM), Cambria Global Asset Allocation ETF (GAA), Cambria Emerging Shareholder Yield ETF (EYLD), Cambria Value and Momentum ETF (VAMO), Cambria Tail Risk ETF (TAIL), Cambria Trinity ETF (TRTY), Cambria Cannabis ETF (TOKE), Cambria Global Real Estate ETF (BLDG), Cambria Micro and Small Cap Shareholder Yield ETF (MYLD), Cambria Tactical Yield ETF (TYLD), Cambria Chesapeake Pure Trend ETF (MFUT), Cambria Large Cap Shareholder Yield ETF (LYLD), Cambria Fixed Income Trend ETF, Cambria Tax Aware ETF, Cambria Endowment Style ETF, Cambria Global EW ETF, and the Cambria US EW ETF.

To determine if the Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and other information can be found in the Fund’s prospectus which may be obtained by calling 855-383-4636 (ETF INFO) or visiting our website at www.cambriafunds.com. Read the prospectus carefully before investing or sending money.

SYLD, FYLD, EYLD, MYLD, LYLD, TYLD, TAIL, VAMO, GMOM, TRTY, GAA, BLDG, TOKE, GVAL, MFUT, CFIT, TAX, ENDW, GEW, and USEW are distributed by ALPS Distributors, Inc., 1290 Broadway, Suite 1000, Denver, CO 80203.

Investing involves risk, including potential loss of capital.

TOKE: Cannabis companies are subject to various laws and regulations that may differ at the local and federal level. They are subject to the risks associated with agricultural, biotechnology and pharmaceutical industries. Since the use of marijuana is illegal under United States federal law, federally regulated banking institutions may be unwilling to make financial services available to growers and sellers of marijuana. The Fund’s investments are concentrated in the cannabis industry, and the Fund may be susceptible to loss due to adverse occurrences affecting the industry. The Fund is also expected to have significant exposure to health care, consumer discretionary and consumer staple sectors.

TOKE is actively managed.

Contacts

Tyler Bradford

Hewes Communications

Office: 212-207-9454

[email protected]