Simplify Announces Two ETF Closures

NEW YORK – The Board of Trustees (the “Board”) of Simplify Exchange Traded Funds (the “Trust”) has determined that it is in the best interests of shareholders to liquidate the Simplify Market Neutral Equity Long/Short ETF (EQLS) and the Simplify Wolfe US Equity 150/50 ETF (WUSA) — each, a “Fund” and together the “Funds” — each a series of the Trust, following a recommendation by each Fund’s investment adviser, Simplify EQLS LLC.

The Board has determined to liquidate the Funds with the liquidation payment to their respective shareholders expected to take place on or about May 30, 2025 (“Liquidation Date”). After the close of business on May 23, 2025, the Funds will no longer accept creation orders. The last day of trading in the Funds on the NYSE Arca, Inc. will be May 23, 2025. Shareholders who do not sell their shares of a Fund before market close on May 23, 2025 will receive cash equal to the amount of the net asset value of their shares in their brokerage accounts, on or about the Liquidation Date. As calculated on the Liquidation Date, each Fund’s net asset value will reflect certain closing costs not borne by the adviser, such as brokerage commissions. The costs borne by a Fund are not expected to be material. Once the distributions are complete, the Funds will terminate.

ABOUT SIMPLIFY EQLS LLC 

Simplify EQLS LLC was formed in 2023 and is registered with the SEC as an investment adviser under the Investment Advisers Act of 1940, as amended. Simplify Asset Management, Inc. owns 95.1% of Simplify EQLS LLC.