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SRN Advisors, LLC Announces Reorganization of Siren DIVCON Dividend Defender ETF into and with Siren DIVCON Leaders Dividend ETF
SRN Advisors, LLC (SRN) announced today that the Siren DIVCON Dividend Defender ETF (CBOE: DFND), an index-based exchange-traded fund ("ETF") managed by SRN, will reorganize into and with the Siren DIVCON Leaders Dividend ETF (CBOE: LEAD) (the "Funds"), also an index-based ETF managed by SRN. The reorganization was approved by the Board of Trustees (the "Board") of Siren ETF Trust. The decision of the Board to reorganize the Funds is not subject to shareholder approval. However, a Combined Infor
About this update from Cboe Global Markets, Inc.
[{"type":"text","content":"HUNTINGDON VALLEY, Pa., Dec. 8, 2025 /PRNewswire/ -- SRN Advisors, LLC (SRN) announced today that the Siren DIVCON Dividend Defender ETF (CBOE: DFND), an index-based exchange-traded fund ("ETF") managed by SRN, will reorganize into and with the Siren DIVCON Leaders Dividend ETF (CBOE: LEAD) (the "Funds"), also an index-based ETF managed by SRN. The reorganization was approved by the Board of Trustees (the "Board") of Siren ETF Trust. The decision of the Board to reorganize the Funds is not subject to shareholder approval. However, a Combined Information Statement and Prospectus that contains more information about the reorganization and the Siren DIVCON Leaders Dividend ETF has been mailed to shareholders of the Siren DIVCON Dividend Defender ETF. Subject to the satisfaction of certain customary closing conditions, the reorganization is expected to occur on or about December 15, 2025. No assurance can be given as to the exact timing of the closing of the transaction.","length":1016,"tagName":"p"},{"type":"text","content":"In connection with the reorganization and immediately prior thereto, the Siren DIVCON Dividend Defender ETF will pay its shareholders a cash distribution on December 15, 2025. As of today, the distribution is estimated to be approximately $0.0597 per share. The distribution represents the final allocation of net investment company taxable income. The distribution will be paid entirely in cash, with no option for dividend reinvestment. The distribution will be the final distribution paid from the Siren DIVCON Dividend Defender ETF before the reorganization. The details are as follows:","length":590,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;","val":[{"type":"text","content":"Estimated Distribution Amount per Share:","length":40,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;","val":[{"type":"text","content":"$0.0597","length":7,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;","val":[{"type":"text","content":"Declaration Date:","length":17,"tagName":"p","attribs":{}}]},{"colspan":"1"...