Change in Management and Fund Name National Investment Services Ultra-Short Duration Enhanced Income ETF (AWTM)

CHICAGO and MILWAUKEE and NEW YORK, May 27, 2022 (GLOBE NEWSWIRE) — The Board of Trustees (the “Board”) of Tidal ETF Trust (the “Trust”) has accepted and approved the resignation of National Investment Services of America, LLC (“NIS”), as a sub-adviser to the National Investment Services Ultra-Short Duration Enhanced Income ETF (AWTM) (the “Fund”). Effective on June 1, 2022, Toroso Investments, LLC (the “Adviser”) will assume responsibility for the portfolio management of the Fund. At that time, NIS will no longer serve as the Fund’s sub-adviser.

In addition, effective June 6, 2022, the Fund will be named the AWTM Ultra-Short Duration Enhanced Income ETF.

ABOUT TIDAL ETF SERVICES

Formed by ETF industry pioneers and thought leaders, Tidal ETF Services LLC sets out to revolutionize the way ETFs have historically been developed, launched, marketed, and sold. With a focus on growing AUM, Tidal offers a comprehensive suite of services, proprietary tools, and methodologies designed to bring lasting ideas to market. Tidal is an advocate for ETF innovation. The firm is on a mission to provide issuers with the intelligence and tools needed to efficiently and to effectively launch ETFs and to optimize growth potential in a highly competitive space. For more information, visit tidaletfservices.com.

IMPORTANT INFORMATION

Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus. A prospectus may be obtained by clicking here. Please read the prospectus carefully before you invest.

Investments involve risk. Principal loss is possible.

The fund is distributed by Foreside Fund Services, LLC.

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