FOR IMMEDIATE
RELEASE
Teucrium Trading, LLC
Suspends Creations in WEAT
Burlington,
Vermont – March 7, 2022 -- Teucrium Wheat Fund (the
"Fund"), a series of the Teucrium Commodity Trust (the "Trust"),
offers its shares on a continuous
basis and when all registered shares have been sold, additional
shares are registered in subsequent registration statements with
the Securities and Exchange Commission ("SEC"). On March 7, 2022,
Teucrium Trading, LLC ("Teucrium"), the Fund's and Trust's sponsor,
issued a press release announcing that as of the opening of the
markets, the Fund had only approximately 7,375,000 (the "Current
Shares") registered with the SEC that are available for purchase by
its Authorized Purchasers.
The press release also
noted that the Fund filed a registration statement with the SEC on
March 4, 2022 to register additional shares, and that if the Fund
sells all of the Current Shares before the SEC declares the
registration statement effective, the Fund will be required to
temporarily suspend creation of its shares. In such case, until the
Fund's registration statement is declared effective, the Fund may
not meet its investment objective, may experience increased
tracking error and may experience significant premium/discounts and
bid-ask spreads.
The Fund has now sold all available shares and
has suspended creations. While creations are suspended and in
compliance with NYSE/Arca rules, the Fund will continue to accept
redemption requests as described in the Fund’s prospectus, and investors will continue to
be able to buy and sell Fund shares on the stock exchange through
their broker-dealers. However, if demand for Fund shares exceeds
supply while creations are suspended, Fund shares may trade at a
premium to their net asset value (i.e., at prices greater than net
asset value).
Teucrium will provide
notice to market participants when the Fund's registration
statement is effective and sales of the Fund's shares commence,
which it expects to occur in the near future.
Cautionary
Note Regarding Forward-Looking Statements
This press release includes
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including statements
about the Sponsor’s expectations regarding the potential
suspension of WEAT creations. Words such as
“anticipate,” “expect,”
“intend,” “plan,” “believe,”
“seek,” “may,” “will,” and
“estimate,” as well as similar words and phrases,
signify forward-looking statements. All forward-looking statements
reflect the Sponsor’s present expectations regarding future
events and are subject to known and unknown risks, uncertainties
and assumptions that could cause actual results to differ
materially from those expressed in or implied by these statements,
including, among others, risks and uncertainties related to the
timing and availability of WEAT shares and timing of effectiveness
of the new registration statement referenced herein, as well as
general economic, market and business conditions. Given these
risks, uncertainties and other important factors, you should not
place undue reliance on any forward-looking statements contained
herein. The forward-looking statements contained herein represent
the Sponsor’s expectations and assumptions only as of the
date made, and except as required by law, the Sponsor undertakes no
obligation to revise or update any forward-looking statements for
any reason.
About
Teucrium Trading LLC
Teucrium Trading is an ETF provider focused solely on U.S.
Agriculture. Our mission is to empower investors with the knowledge
and tools necessary to intelligently design well diversified
portfolios. Teucrium’s suite of Exchange Traded Products has
revolutionized the way commodity ETFs are structured; our products
are widely available to investors and advisors in traditional
brokerage accounts.
Prospectus: www.teucrium.com
The Fund is distributed by Foreside Fund
Services, LLC
Investing
in the Fund subjects an investor to the risks of the applicable
commodity market, which investment could result in substantial
fluctuations in the price of Fund shares. Unlike mutual
funds, the Fund generally will not distribute dividends to
shareholders. The Sponsor has limited experience operating
commodity pools; a commodity pool is defined as an enterprise in
which several individuals contribute funds in order to trade
futures or futures options collectively. Investors may choose
to use the Fund as a vehicle to hedge against the risk of loss and
there are risks involved in hedging activities.
This
material is not an offer or solicitation of any kind to buy or sell
any securities outside of the United States of
America.
Commodities and futures generally are volatile and are not suitable
for all investors. The Fund is not a mutual fund or any other
type of investment company within the meaning of the Investment
Company Act of 1940, as amended, and is not subject to regulation
thereunder.
For
a complete description of the risks associated with the Fund,
please refer to the prospectus. Shares of the Fund are not FDIC
insured may lose value and have no bank guarantee. Foreside Fund
Services, LLC is the distributor for the Teucrium
Funds.
Contact:
Sal Gilbertie
Jake Hanley
802-540-0019
contact@teucrium.com