M&A: Kurv ETF Trust

Form Type: CORRESP

Filing Date: 2024-09-27

Corporate Action: Merger

Type: Update

Accession Number: 000199937124012524

Comments: This correspondence addresses comments from the U.S. Securities and Exchange Commission regarding the Registration Statement on Form N-14 filed by Kurv ETF Trust on August 21, 2024, concerning the reorganization of multiple Target Funds into corresponding Acquiring Funds. The correspondence outlines the updates made in response to various staff comments, including clarification on the reasons for the reorganization, potential shareholder impacts, and necessary adjustments to the Proxy Statement and Prospectus. The letter emphasizes the importance of accurate disclosures, discusses changes in portfolio management, and confirms compliance with voting information and fee table requirements. It ensures that the final tax opinion aligns with SEC guidelines and includes changes made to board remuneration disclosures and the handling of duplicate disclosures.

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Form Type: N-14

Filing Date: 2024-08-21

Corporate Action: Merger

Type: New

Accession Number: 000199937124010468

Comments: The document is a registration statement under the Securities Act of 1933 for Kurv ETF Trust. This filing relates to the reorganization of multiple Target Funds (Amazon, Apple, Microsoft, Google, Tesla, and Netflix ETFs, each a series of NEOS ETF Trust) into newly created corresponding Acquiring Funds under Kurv ETF Trust. The proposed reorganizations will enable each Target Fund to transfer all assets and liabilities to their respective Acquiring Funds, providing shareholders with shares equivalent in value to their existing holdings. These Reorganizations are intended to qualify as tax-free exchanges. A Special Meeting of Shareholders is scheduled for November 13, 2024, to vote on these proposed changes. Shareholders are advised that no sales loads or commissions will be applied to the exchange, and the fees and expenses associated with the Target Funds will remain unchanged post-Reorganization. The Board of Trustees of NEOS ETF Trust recommends shareholders vote “FOR” the proposed Reorganizations, which are set to be effective around November 15, 2024, pending shareholder approval.

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