LongPoint Announces ETF Share Splits and Consolidations

Toronto, Ontario--(Newsfile Corp. - January 13, 2026) - LongPoint Asset Management Inc. ("LongPoint") today announced that it intends to split the shares of certain ETFs (the "Splitting ETFs") and consolidate the shares of certain ETFs (the "Consolidating ETFs") effective at the close of business on January 23, 2026.

Each unit split will be payable on January 23, 2026 (the "Payment Date") to unitholders of record of the Splitting ETFs on January 22, 2026 (the "Record Date"). The units of each Splitting ETF will trade on a "due bill" basis, as described below, from the opening of the TSX on January 22, 2026, until the close of the TSX on January 23, 2026, inclusive (the "due bill period"). Each Splitting ETF will begin trading on the TSX on a split-adjusted basis on January 26, 2026.

After the close of trading on January 23, 2026 on the Toronto Stock Exchange (the "TSX"), the shares of the Splitting ETFs will be split based on the ratios set out below:

Name	Ticker	Split Ratio
MegaLong (3X) Canadian Gold Miners Daily Leveraged Alternative ETF	CGMU	6:1
SavvyLong (2X) GOOGL ETF	ALPU	4:1
MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF	SOXU	4:1

 

When a share split occurs, the net asset value per share is decreased by the same ratio as the share split so that the share split has no impact on the value of the investor's total share position. An investor's cost per share is also decreased by the same ratio as the share split, although their total cost remains unchanged. Shareholders of the Splitting ETFs on the record date will be entitled to receive additional shares for every share of the Splitting ETFs they own on that date, as stated in the table above.

The "due bill" trading procedures of the TSX will apply to the Splitting ETFs. A due bill is an entitlement attached to listed securities undergoing a corporate action, such as the ones described above. Shares of the Splitting ETFs will trade on a due bill basis from the record date until the payment date, inclusive. Any trades that are executed on the TSX during the Due Bill Period will be identified to ensure purchasers of the shares of the Splitting ETFs receive the entitlement to the share split. The due bill redemption date is expected to be January 26, 2026.