NEW YORK, May 20, 2022 /PRNewswire/ — Global X ETFs, the New YorkNew York-based exchange-traded fund (ETF) provider, today announced a reverse split of the Global X Cannabis (POTX) ETF (“the Fund”).

Effective after market close June 10, 2022, the Fund will perform a reverse split at a ratio of 1:6. The reverse split will increase the price per share of the Fund with a proportional decrease in the number of shares outstanding. For example, every six pre-split shares will qualify for one post-split share, the price of which will be six times the net asset value (NAV) of a pre-split share.

Illustration of reverse split

The following table shows the effect of a hypothetical reverse split of 1:6:

Fractional shares

Following the consolidation, a shareholder of the shares of the Fund could potentially hold fractional shares. In this case, a Fund will redeem the cash value (at net asset value) of any fractional shares resulting from the consolidation. The receipt of cash in lieu of fractional shares may result in a taxable event for shareholders, and each shareholder should consult their own tax advisors regarding the proper treatment of the receipt of such cash payment.

About Global X ETFs

Global X ETFs was founded in 2008. For over a decade, our mission has been to provide investors with uncharted and intelligent solutions. Our product line includes over 90+ ETF strategies $40 billion in assets under management.^I While we stand out for our thematic growth, income and international access ETFs, we also offer Core, Commodity and Alpha funds to meet a wide range of investment objectives. Explore our ETFs, research and insights, and more at www.globalxetfs.com.

Global X is a member of Mirae Asset Financial Group, a global leader in financial services, with over $640 billion assets under management worldwide.ⁱⁱ Mirae Asset has an extensive global ETF platform covering the United States, Brazil, Canada, Colombia, Europe, hong kong, India, JapanKorea and Vietnam with over $80 billion in assets under management.ⁱⁱⁱ

Media Contact
Frank Taylor
Dukas Linden Public Relations
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Important Disclosures

This information is not intended to be individual or personalized investment or tax advice and should not be used for commercial purposes. Please consult a financial or tax advisor for more information regarding your investment and/or tax situation.

Investing involves risk, including possible loss of principal. ETF shares are bought and sold at market price (not net asset value) and are not individually redeemed by the Fund. Brokerage commissions will reduce returns.

Carefully consider the Funds’ investment objectives, risks and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses, which are available at globalxetfs.com. Please read the prospectus carefully before investing.

Global X Management Company LLC is acting as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments.

Information provided by Global X Management Company LLC (Global X ETFs or Global X).

^ISource: Global X at 04/04/22

ⁱⁱActive Mirae, at December 2021

iiiMirae Asset, au 04/04/22

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SOURCE Global X Management Company LLC