WCAP Launches on the New York Stock Exchange

The team at Warren Capital takes great pride in announcing the launch of the Warren Capital Unconstrained Equity ETF, which now trades on the New York Stock Exchange under the ticker WCAP. I would like to extend my sincere gratitude to the clients of Warren Capital for their ongoing trust and confidence in our services.

WARREN CAPITAL UNCONSTRAINED EQUITY ETF (TICKER: WCAP)

An investor should consider the investment objectives, risks, and charges and expenses of the Fund before investing. The prospectus contains this and other information about the Fund. A copy of the prospectus is available at https://warcap.com/wcap or by calling Shareholder Services at 800-773-3863. The prospectus should be read carefully before investing. Current and future holdings are subject to change and risk.

An investment in the Fund is subject to investment risks, including the possible loss of some or the entire principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Investment in the Fund is also subject to the following risks:

• Equity Securities Risk. Investments in equity securities may fluctuate in value in response to many factors, including general market and economic conditions, interest rates, and specific industry changes.
• Small-Cap and Mid-Cap Securities Risk. The Fund may invest in securities of small-cap and mid-cap companies, which involve greater volatility than investing in larger and more established companies.
• Limited History of Operations Risk. The Fund has a limited history of operations. Accordingly, investors in the Fund bear the risk that the Fund may not be successful in implementing its investment strategy, may not employ a successful investment strategy, or may fail to attract sufficient assets under management to realize economies of scale, any of which could result in the Fund being liquidated at any time without shareholder approval and at a time that may not be favorable for all shareholders.

While the shares of the Fund are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress. ETFs trade more like stocks, are subject to investment risks, fluctuate in market value, and may trade at prices above or below the ETF’s net asset value. More information about these risks can be found in the Fund’s prospectus.

The WarCap Unconstrained Equity ETF is distributed by Capital Investment Group, Inc., Member FINRA/SIPC, 100 E. Six Forks Road, Suite 200, Raleigh, North Carolina 27609. There is no affiliation between Warren Capital Management, Inc. d/b/a Warren Capital Group, including their principals, and Capital Investment Group, Inc. RCWAR0925002.