M&A - Strategy Shares

Form Type: DEF 14A

Filing Date: 2025-05-23

Corporate Action: Merger

Type: New

Accession Number: 000158064225003269

Filing Summary: Strategy Shares is proposing to hold a Special Meeting of Shareholders on July 1, 2025, to vote on an investment advisory agreement with Ashton Thomas Private Wealth, following the acquisition of Day Hagan Asset Management by Ashton Thomas. The current investment advisory agreement will automatically terminate upon closing the transaction. The New Advisory Agreement has terms substantially similar to the Existing Advisory Agreement with comparable management fees. The Board of Trustees unanimously recommends approval of this agreement as it believes it serves the best interests of the Funds and their shareholders. Shareholders of record by May 19, 2025, will be eligible to vote. The Board, comprising Independent Trustees, reviewed the approval of existing arrangements and considered the qualifications of Day Hagan and Ashton Thomas, ensuring continuity of service for the Funds. No costs related to this proposal will be incurred by the funds or their shareholders.

Form Type: PRE 14A

Filing Date: 2025-05-09

Corporate Action: Acquisition

Type: New

Accession Number: 000158064225003050

Filing Summary: Strategy Shares is holding a Special Meeting of Shareholders to vote on a proposal for approval of a New Investment Advisory Agreement with Ashton Thomas Private Wealth, LLC, resulting from an acquisition of Day Hagan Smart Sector ETFs and related entities. The acquisition is set to transfer substantially all assets and personnel from Day Hagan to Ashton Thomas, requiring shareholder approval due to its implications under the Investment Company Act. The Board of Trustees unanimously recommends approval of this agreement to ensure continuity in investment management. Relevant logistical details regarding voting procedures and the legal context of the transaction under Section 15(f) of the 1940 Act are provided, emphasizing that the Funds will not incur associated costs with the proposal, which is positioned as beneficial for the shareholders. The New Advisory Agreement is fundamentally similar to the existing one, with management fees remaining constant.