EVERMORE CAPITAL INC. ANNOUNCES CLOSURE OF THE EVERMORE RETIREMENT ETFs

TORONTO, February 22, 2023 - Evermore Capital Inc. (“Evermore”) announced today that it will be terminating eight of its exchange traded funds (collectively, the "ETFs") effective at the close of business on Wednesday, April 26, 2023 (the "Termination Date"). Details of the ETFs are as follows:

No further subscription orders for units of the ETFs will be accepted after the close of business on Monday, April 10, 2023. The ETFs are expected to be de-listed from the NEO Exchange, at the request of the Manager, at the close of business on or about Monday, April 24, 2023, with all units still held by investors being subject to a mandatory redemption as of the Termination Date. 

Any remaining unitholders of the Terminated ETFs as at the Termination Date will receive the net proceeds from the liquidation of the assets, less all liabilities and all expenses incurred in connection with the dissolution of the Terminated ETFs, on a pro rata basis. 

Evermore will issue an additional press release on or about the Termination Date confirming final details of the terminations.

Unitholders are not required to take any action in connection with the termination of the ETFs.

For any investor inquiries about the terminations, please email info@evermore.ca.

About Evermore

Evermore Capital Inc. is a Canadian asset management company that created and issued the first target date ETFs in Canada, Evermore Retirement ETFs. Evermore provides Canadians with low-cost, easy to understand, accessible, and goal-based retirement investment solutions. Evermore Retirement ETFs are the first and only target date ETFs in Canada. Evermore Retirement ETFs simplify retirement investing and take the hassle out of deciding what to buy, sell, or when to rebalance, offering Canadians peace of mind in one ETF. For more information on Evermore and the Evermore Retirement ETFs, visit www.evermore.ca

Commissions, trading fees, management fees and expenses all may be associated with an investment in exchange traded funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated.

For Investor Inquiries

(416) 861-8383

info@evermore.ca

Media Contact

Lindsay Silverberg

Talk Shop Media

416-710-3733

lindsay@talkshopmedia.com