Source: 3iQ.
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  • 3iQ has successfully renewed the normal course issuer bid for The Ether Fund (QETH.UN)
  • The fund may repurchase up to approximately 10 per cent of the public float by February 28, 2023
  • Management believes the buyback program is justified given ETH’s current valuation
  • 3iQ is Canada’s largest digital asset investment fund manager with more than C$2.5B in AUM
  • The Ether Fund (QETH.UN) closed up by 0.65 per cent trading at $57.68 per share

3iQ has successfully renewed the normal course issuer bid for The Ether Fund (QETH.UN).

The fund may repurchase up to 1,072,590 Class A units, representing approximately 10 per cent of the public float.

It may repurchase up to 214,574 Class A units in any 30-day period.

Purchases must be executed between March 1, 2022, and February 28, 2023, at a price not exceeding the last published net asset value per Class A unit.

Management believes the buyback program is justified given ETH’s current valuation.

As of February 23, 2022, the fund has repurchased 308,300 units under the NCIB at a volume-weighted average price of US$47.95.

3iQ is Canada’s largest digital asset investment fund manager with more than C$2.5B in AUM. 

The Ether Fund (QETH.UN) closed up by 0.65 per cent trading at $57.68 per share.

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