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Evolve Funds Group Inc. is terminating three ETFs, the company announced Friday.

On or about March 28, the Toronto-based firm will terminate the following funds:

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  • Sphere FTSE Europe Sustainable Yield Index ETF
  • Sphere FTSE Canada Sustainable Yield Index ETF
  • Evolve Blockchain ETF

Evolve will request that the TSX de-list the units of the ETFs from the exchange on or about March 26, with all units still held by investors being subject to a mandatory redemption as of the termination date, the release says.

Effective Feb. 26, no further subscriptions for units will be accepted, the company says in a release.

Following the termination date, the manager will distribute the funds’ net assets pro rata among unitholders of record as of that date.