Spinnaker ETF Series

Form Type: 497

Filing Date: 2024-12-13

Corporate Action: Liquidation

Type: Update

Accession Number: 000148401824000247

Comments: The document serves as a Supplement to the Prospectus for the Trajan Wealth Income Opportunities ETF, dated December 13, 2024. It announces the liquidation and dissolution of the Fund approved by the Board of Trustees, effective on or about January 23, 2025. Shareholders of record will receive a pro rata distribution of the Fund's assets on the Liquidation Date. The Fund will cease accepting creation or redemption orders after January 20, 2025, which is anticipated to be the final trading day on NYSE Arca. Shareholders will not be able to dispose of their shares after January 20, 2025, except through typical broker transactions prior to that date. Liquidating Distributions may be distributed, with individual amounts dependent on shareholders' proportionate ownership. Tax consequences arising from these distributions should be discussed with personal tax advisors. Copies of related documents are available upon request.

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