Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Amplify Commodity Trust: Amended Declaration of Trust to revise Event of Withdrawal definition, clarify unit issuance, change sponsor withdrawal notice period from 90 to 30 days, and allow successor sponsor to avoid dissolution upon Event of Withdrawal (effective 2023-09-01).
- Change
- charter amendment
- Effective
- 2023-09-01
Exact text from the filing
Effective September 1, 2023, ETF Managers Capital LLC (“ETFMG”) executed an amendment to the Amended and Restated Declaration of Trust and Trust Agreement (“Declaration of Trust”) of the ETF Managers Group Commodity Trust I (the “Trust”), which amended certain provisions as follows: 1. The definition of “Event of Withdrawal” was revised to state that the sponsor’s actual withdrawal, and not the provision of notice of withdrawal, constitutes an Event of Withdrawal. 2. Section 4.2(a) was amended to clarify that each series within the Trust can issue, and has issued, units in accordance with the terms of the Declaration of Trust. 3. Section 5.12(a) was revised to change the notice period for a withdrawal of the sponsor from ninety days to thirty days. 4. Section 14.1(a) was revised to add that an Event of Withdrawal will not cause the dissolution of the Trust, if prior to the Event of Withdrawal, the Sponsor appoints a successor sponsor that agrees to carry on the business of the Trust.
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