MIL-OSI Canada: Government of Canada to support artificial intelligence adoption for southern Ontario businesses

Source: Government of Canada News

June 25, 2025 – Toronto, Ontario

The Honourable Evan Solomon, Minister of Artificial Intelligence and Digital Innovation and Minister responsible for the Federal Economic Development Agency for Southern Ontario, will make an important announcement in support of AI adoption for southern Ontario businesses. Minister Solomon will be joined by Chi Nguyen, Member of Parliament for Spadina–Harbourfront.

A media availability will follow the in-person announcement.

Please note that details are subject to change. All times are local.

Date: Thursday, June 26, 2025

Time: 11:00 a.m.

Location:
Toronto Region Board of Trade
100 Queens Quay E.
Gala Space, 3^rd floor
Toronto, Ontario
M5E 0C7

R.S.V.P: Please submit your request to fdo.rsvp-rsvp.fdo@feddevontario.gc.ca.

MIL OSI Canada News –

June 26, 2025

MIL-OSI Africa: President Ramaphosa calls for ‘all hands on deck’ approach to transformation

Source: South Africa News Agency

President Cyril Ramaphosa has urged all South Africans, regardless of race, to work together in a united national effort to drive economic transformation, ensure inclusive growth and foster meaningful participation in the economy.

The President was speaking during questions for oral reply session in the National Council of Provinces (NCOP) in Parliament on Wednesday.

“The Broad-Based Black Economic Empowerment Act remains a fundamental lever for transformation, as part of our broader strategy to achieve more rapid, inclusive and sustainable economic growth in the country. As I have said before, we must dispense with the false notion that we must make a choice between growth and transformation.

“Black economic empowerment is not only compatible with investment and growth but is essential to achieve broad-based growth and prosperity. It must be seen as a process through which we take measures to bring those who were excluded from economic activity into the economic mainstream,” the President said.

President Ramaphosa emphasised that bringing previously disadvantaged people into the economic fold will not happen spontaneously.

“To think that it will happen on its own when, in the past, measures were taken including laws, to ensure that only a minority benefits, we would be deceiving ourselves. We must, therefore, be very clear and direct and make sure that this objective of achieving equality does happen.

“If we don’t do so, it will not happen. So therefore, we need to take demonstrable steps to make sure that there is clear movement,” he said.

The President acknowledged that although much has been achieved, “we can do better”.

“As with any other policy, we must constantly assess whether we are achieving our goals and where we can make improvements.

“The Department of Trade, Industry and Competition is therefore considering a review of broad-based black economic empowerment measures to align with government priorities of ensuring industrialisation, inclusive growth, localisation and facilitating access to finance for emerging…black enterprises.

“This should be seen as a national project. All of us must be involved in this including those who benefitted under the previous system. They must be seen to be actively involved in advancing the interests of all…failing to do so could lead to lack of growth in our economy…[and] reversals.

“All hands – black and white – must be on deck to promote transformation in our country to enable all South Africans to play a role in the economy of our country,” President Ramaphosa said.

The President told the members of the NCOP that transformation and empowerment is for the benefit of all South Africans.

“Our economy was only structured for participation by a white minority…they even passed laws to prevent everyone from participating including for jobs.

“So, we are saying that we want to benefit all South Africans not just a few. Therefore, the process of transformation needs to be embraced by all because it is to our collective benefit.

“We are all given a chance to correct the injustices of our past as set out in our Constitution. So, I call on all of us to join hands and embark on this process of transformation,” President Ramaphosa said. – SAnews.gov.za

MIL OSI Africa –

June 26, 2025

MIL-OSI Global: Blocking exports and raising tariffs is a bad defense against industrial cyber espionage, study shows

Source: The Conversation – USA – By William Akoto, Assistant Professor of Global Security, American University

Cutting off China’s access to advanced U.S. chips is likely to motivate Chinese cyber espionage. kritsapong jieantaratip/iStock via Getty Images

The United States is trying to decouple its economy from rivals like China. Efforts toward this include policymakers raising tariffs on Chinese goods, blocking exports of advanced technology and offering subsidies to boost American manufacturing. The goal is to reduce reliance on China for critical products in hopes that this will also protect U.S. intellectual property from theft.

The idea that decoupling will help stem state-sponsored cyber-economic espionage has become a key justification for these measures. For instance, then-U.S. Trade Representative Katherine Tai framed the continuation of China-specific tariffs as serving the “statutory goal to stop [China’s] harmful … cyber intrusions and cyber theft.” Early tariff rounds during the first Trump administration were likewise framed as forcing Beijing to confront “deeply entrenched” theft of U.S. intellectual property.

This push to “onshore” key industries is driven by very real concerns. By some estimates, theft of U.S. trade secrets, often through hacking – costs the American economy hundreds of billions of dollars per year. In that light, decoupling is a defensive economic shield – a way to keep vital technology out of an adversary’s reach.

But will decoupling and cutting trade ties truly make America’s innovations safer from prying eyes? I’m a political scientist who studies state-sponsored cyber espionage, and my research suggests that the answer is a definitive no. Indeed, it might actually have the opposite effect.

To understand why, it helps to look at what really drives state-sponsored hacking.

Rivalry, not reliance

Intuitively, you might think a country is most tempted to steal secrets from a nation it depends on. For example, if Country A must import jet engines or microchips from Country B, Country A might try to hack Country B’s companies to copy that technology and become self-sufficient. This is the industrial dependence theory of cyber theft.

There is some truth to this motive. If your economy needs what another country produces, stealing that know-how can boost your own industries and reduce reliance. However, in a recent study, I show that a more powerful predictor of cyber espionage is industrial similarity. Countries with overlapping advanced industries such as aerospace, electronics or pharmaceuticals are the ones most likely to target each other with cyberattacks.

Why would having similar industries spur more spying? The reason is competition. If two nations both specialize in cutting-edge sectors, each has a lot to gain by stealing the other’s innovations.

If you’re a tech powerhouse, you have valuable secrets worth stealing, and you have the capability and motivation to steal others’ secrets. In essence, simply trading with a rival isn’t the core issue. Rather, it’s the underlying technological rivalry that fuels espionage.

For example, a cyberattack in 2012 targeted SolarWorld, a U.S. solar panel manufacturer, and the perpetrators stole the company’s trade secrets. Chinese solar companies then developed competing products based on the stolen designs, costing SolarWorld millions in lost revenue. This is a classic example of industrial similarity at work. China was building its own solar industry, so it hacked a U.S. rival to leapfrog in technology.

China has made major investments in its cyber-espionage capabilities.

Boosting trade barriers can fan the flames

Crucially, cutting trade ties doesn’t remove this rivalry. If anything, decoupling might intensify it. When the U.S. and China exchange tariff blows or cut off tech transfers, it doesn’t make China give up – it likely pushes Chinese intelligence agencies to work even harder to steal what they can’t buy.

This dynamic isn’t unique to China. Any country that suddenly loses access to an important technology may turn to espionage as Plan B.

History provides examples. When South Africa was isolated by sanctions in the 1980s, it covertly obtained nuclear weapons technology. Similarly, when Israel faced arms embargoes in the 1960s, it engaged in clandestine efforts to get military technology. Isolation can breed desperation, and hacking is a low-cost, high-reward tool for the desperate.

If decoupling won’t end cyber espionage, what will?

There’s no easy fix for state-sponsored hacking as long as countries remain locked in high-tech competition. However, there are steps that can mitigate the damage and perhaps dial down the frequency of these attacks.

One is investing in cyber defense. Just as a homeowner adds locks and alarms after a burglary, companies and governments should continually strengthen their cyber defenses. Assuming that espionage attempts are likely to happen is key. Advanced network monitoring, employee training against phishing, and robust encryption can make it much harder for hackers to succeed, even if they keep trying.

Another is building resilience and redundancy. If you know that some secrets might get stolen, plan for it. Businesses can shorten product development cycles and innovate faster so that even if a rival copies today’s tech, you’re already moving on to the next generation. Staying ahead of thieves is a form of defense, too.

Ultimately, rather than viewing tariffs and export bans as silver bullets against espionage, U.S. leaders and industry might be safer focusing on resilience and stress-testing cybersecurity firms. Make it harder for adversaries to steal secrets, and less rewarding even if they do.

William Akoto does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

– ref. Blocking exports and raising tariffs is a bad defense against industrial cyber espionage, study shows – https://theconversation.com/blocking-exports-and-raising-tariffs-is-a-bad-defense-against-industrial-cyber-espionage-study-shows-258243

MIL OSI – Global Reports –

June 26, 2025

MIL-OSI Africa: eQUB brings Ethiopia’s traditional saving system into the digital age

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Fintech company eQUB is digitizing Ethiopia’s traditional savings culture through its mobile app. With support from the NTF V Tech project in Ethiopia, the business is bringing a trusted community system online to improve financial access, transparency and inclusion.

In Ethiopia, informal saving groups known as ‘equb’ have long helped people access money when formal credit options are limited. It’s a system built on trust, and used by friends, neighbours, and families who pool funds and take turns receiving the total contribution. Now, that familiar tradition is being transformed into a digital platform with global potential.

With support from the Netherlands Trust Fund V (NTF V) Programme at the International Trade Centre (ITC), Ethiopian fintech company eQUB has developed an app that digitises this centuries-old savings model. Users can create and join groups online, manage contributions, automate payments and record-keeping, and access features such as digital withdrawals and customer support.

Where the idea came from

In 2018, eQUB co-founder and CEO Alexander Abay Hizikias struggled to access funding for his business. ‘Banks want collateral that most early-stage entrepreneurs don’t have, and microfinance loans are expensive,’ he says. ‘I ended up joining a traditional equb to get the money I needed, and it made me realize this system could work better if it was digital.’

After nearly two years of development, eQUB was officially registered in 2020. The first version of the app was based on assumptions, but user feedback quickly showed the team what needed to change. That led to a much-improved second version, shaped by real user input and behaviour.

The eQUB App is now available in English and four local languages. It offers two main options. In private groups, people who already know each other can manage their equb through the app, using features like automatic record-keeping and secure payments. In public groups, individuals can join others with similar savings goals. The app helps match members and handles the draw system fairly.

Backed by global support and exposure

eQUB’s growth has picked up speed since joining the NTF V Ethiopia Tech project. The programme has provided technical training, mentoring, and financial support to help the company take part in international trade shows and startup events.

Since then, the number of users has grown from 25,000 to over 110,000. Monthly savings through the platform now exceed eight figures in Ethiopian birr, and eQUB is on track to surpass 100 million birr ($720,000) in total savings processed by 2026.

eQUB gained further recognition at the Mobile World Congress (MWC) and 4YFN (Four Years From Now) in Barcelona, two of the world’s leading platforms for mobile innovation and startups, where it won the Best FinTech Pitch award in 2024.

The company also topped the FinTech category at AfricArena Johannesburg, standing out among strong competitors from across the African continent. These wins attracted interest from global investors, some of whom have since visited eQUB’s headquarters in Addis Ababa.

At the AfricArise Scale Programme, which included mentorship from experienced founders, cloud infrastructure specialists, and finance professionals, eQUB won $50,000 in Amazon Web Services credits at events in Johannesburg and London. These resources have helped reduce the costs of scaling the platform’s technical infrastructure.

Local impact, global relevance

The company has already identified similar saving systems in other African countries that follow the same model, such as ‘susu’ in Ghana, ‘esusu’ in Nigeria and ‘stokvels’ in South Africa.

‘People in these countries are already familiar with community savings,’ says Hizikias. ‘Instead of introducing unfamiliar digital banking products, we’re building on what people already trust and making it more secure and trackable.’

To support this, the eQUB App is developing a credit scoring system based on users’ savings and payout history. ‘Right now, if someone has participated in an equb for 10 years, they have no proof of financial reliability. Our platform creates a digital trail that could help them access formal credit down the line,’ he says.

Hizikias also has advice for other fintech founders. ‘Before you raise money, prove your product works. Start small, find early users, and focus on solving real problems. Then use international platforms to test your idea against global standards. That’s where you’ll really learn and grow.’

As eQUB enters its next phase of growth, the company is actively raising its first seed funding round, which it aims to close by the end of 2025. With a growing user base, international recognition, and deep cultural relevance, eQUB is showing how local innovation, when supported and scaled well, can compete and succeed globally.

Distributed by APO Group on behalf of International Trade Centre.

MIL OSI Africa –

June 26, 2025

MIL-OSI Africa: Minister of Planning, Economic Development and International Cooperation Meets Representatives of Chinese Business Community and Investors on Sidelines World Economic Forum (WEF) Meetings in Tianjin

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H.E. Dr. Rania A. Al-Mashat, Minister of Planning, Economic Development and International Cooperation, held an expanded meeting with a number of leaders and representatives of the Chinese business community, with the participation of Eng. Hassan El-Khatib, Minister of Investment and Foreign Trade.

The meeting took place during her participation in the World Economic Forum’s Annual Meeting in Tianjin, China, and included several CEOs from Chinese companies in the automotive, pharmaceutical, financial, and digital transformation sectors, among others.

During the meeting, H.E. Minister Al-Mashat emphasized the deep and distinguished Egyptian-Chinese relations, which span decades of close cooperation based on mutual respect and common interests. She noted that the comprehensive strategic partnership between the two countries, launched in 2014, represents a successful model for South-South cooperation and contributes to achieving mutual development.

H.E. Dr. Al-Mashat pointed out that in recent years, the Egyptian state has adopted an ambitious program of economic and structural reform aimed at enhancing the investment environment, stimulating private sector participation, and developing infrastructure. This creates promising opportunities for joint investment in priority sectors such as industry, renewable energy, telecommunications, technological infrastructure, and logistics.

H.E. Dr. Al-Mashat reiterated that China is a key partner in this vision, as economic relations between the two countries are witnessing remarkable development, both in terms of trade volume and direct investments. She highlighted the unique investment opportunities Egypt offers, based on its distinguished geographical location, a network of free trade agreements, and legislative frameworks that support business growth.

H.E. Minister Al-Mashat added that the Egyptian government seeks to strengthen cooperation with Chinese companies and institutions wishing to expand into the Egyptian market, especially within the framework of Egypt’s Vision 2030, which includes targets related to sustainable growth, green transformation, and the localization of strategic industries.

H.E. Dr. Al-Mashat reaffirmed that the government is working to consolidate macroeconomic stability and preserve development gains to deal with successive regional and international challenges. She noted that the state continues to implement a comprehensive program of economic and structural reforms aimed at enhancing the economy’s resilience, improving the business climate, and expanding the growth base led by the private sector. She mentioned that these reforms, along with continuous investments in infrastructure and legislative modernization, make Egypt an attractive and growing destination for foreign direct investment.

At the conclusion of the meeting, H.E. Minister Al-Mashat invited the Chinese business community to take advantage of cooperation opportunities with Egypt as a gateway to African, Middle Eastern, and European markets. She stressed the state’s commitment to providing all means of support to serious investors and building long-term partnerships that contribute to achieving common interests and balanced development.

It is worth noting that the Ministry of Planning, Economic Development and International Cooperation, in its role of developing and strengthening economic relations with development partners, is working to advance relations on various levels with the Chinese side, particularly in the field of exchanging expertise and technology and enhancing scientific research. The Chinese side contributes to supporting and developing Egyptian expertise in the field of satellite assembly and testing, and training Egyptian cadres.

In 2023, a Memorandum of Understanding for the Global Development Initiative (GDI) was signed during Dr. Rania Al-Mashat’s visit to China. This MoU lays the foundation for a new phase of joint work with the Chinese side. Through this, an integrated strategy for development cooperation between Egypt and China for 3-5 years will be formulated for the first time in light of the joint relations between the two countries. The two countries also signed their first MoU for debt-for-development swap, which the Ministry of Planning, Economic Development and International Cooperation is working to activate.

Distributed by APO Group on behalf of Ministry of Planning, Economic Development, and International Cooperation – Egypt.

MIL OSI Africa –

June 26, 2025

MIL-OSI Canada: Canada joins new NATO Defence Investment Pledge

Source: Government of Canada – Prime Minister

The world is increasingly dangerous and divided, with the rules-based international system under unprecedented pressure and global conflict becoming more frequent and volatile. To meet this moment, Canada and its Allies are building their defence capabilities to strengthen our collective security.

Today, the Prime Minister, Mark Carney, announced that Canada and its North Atlantic Treaty Organization (NATO) Allies have agreed to a new Defence Investment Pledge of investing 5 per cent of annual GDP by 2035 to ensure our individual and collective security. The commitment aligns with Canada’s own strategic defence and security goals.

As part of this 5 per cent pledge, Canada will invest 3.5 per cent of GDP for core military capabilities, expanding on our recent investments. That means further investments in our Canadian Armed Forces, modernizing our military equipment and technology, building up Canada’s defence industries, and diversifying our defence partnerships. An additional 1.5 per cent of GDP will be dedicated to investments in critical defence and security-related expenditure, such as new airports, ports, telecommunication, emergency preparedness systems, and other dual-use investments which serve defence as well as civilian readiness. Importantly, the progress of this pledge will be reviewed in 2029 to ensure Allies’ expenditures align with the global security landscape.

At the Summit, Canada and its Allies reaffirmed their support for Ukraine and the leaders agreed on the imperative for a just and lasting peace. Canada’s contributions to Ukraine’s defence and its defence industries, including Canada’s $2 billion in military assistance announced last week at the 2025 G7 Leaders’ Summit in Kananaskis, Alberta, are included in our NATO contributions, as the security of Ukraine is critical to our collective security.

Quotes

“The world is increasingly dangerous and divided. Canada must strengthen our defence to better protect our sovereignty, our interests, and our Allies. These investments won’t just build our military capacity – they will build our industries and create good, high-paying jobs at home. If we want a more secure world, we need a stronger Canada.”

“Canada is a proud founding member of the Alliance. In an increasingly unstable and unpredictable world, we are making the critical investments needed to keep Canadians safe, support our Armed Forces, and strengthen our role in Europe and on the world stage. The renewed Defence Investment Pledge to invest 5 per cent of GDP by 2035 reaffirms Canada’s strong commitment to our security, to our sovereignty, and to NATO.”

Related Product

Associated Link

MIL OSI Canada News –

June 26, 2025

MIL-OSI Asia-Pac: Green maritime fuel supply chain set

Source: Hong Kong Information Services

Secretary for Transport & Logistics Mable Chan today attended the Mainland-Hong Kong Green Energy Matchmaking Event, which aims to provide a collaborative platform for relevant suppliers and companies with demand, to catalyse a comprehensive green maritime fuel supply chain and trade.

The event was organised by the Trade Development Bureau of the Ministry of Commerce of the People’s Republic of China and co-organised by the Transport & Logistics Bureau (TLB) and the Department of Commerce of Guangdong Province.

It was held simultaneously in Hong Kong and Shenzhen today.

More than 200 representatives from various enterprises gathered to exchange views and discuss collaborations in relation to fuel off-take and to sign relevant Memoranda of Understanding (MoUs).

Speaking at the Hong Kong venue, Ms Chan said Hong Kong and the Mainland have strong complementarity in the development of green maritime fuels.

“The Mainland’s core strength lies in the production of green fuels, while Hong Kong, as the southern gate of Mainland China and an international financial, trading and maritime centre, is not only home to a large number of international shipping enterprises, but also enjoys advantages such as free flow of capital, a financial and legal system that is in line with the rest of the world, and a trade settlement mechanism that allows immediate payment settlements.”

She added that Hong Kong is the top bunkering centre in the Guangdong-Hong Kong-Macao Greater Bay Area, the second largest in the whole of China and ranks seventh globally.

“By adopting the ‘north-to-south sales’ model, under which the high-quality green maritime fuels produced on the Mainland can be exported to the world through Hong Kong’s international trading gateway, we will open up new ‘blue ocean’ opportunities for enterprises from the two places.”

The transport chief also pointed out the event materialised the target of the Action Plan on Green Maritime Fuel Bunkering promulgated by the Hong Kong Special Administrative Region Government in November last year, which said the Government will develop Hong Kong into the preferred green maritime fuel bunkering and trading centre in the region.

Furthermore, Ms Chan witnessed the signing of MoUs between the TLB and various parties to collaborate on promoting the development of green maritime fuel-related businesses and establishing a market for the trade of green maritime fuels.

Meanwhile, Commissioner for Maritime & Port Development Amy Chan attended the event at the Shenzhen venue, where she announced that the Marine Department will gazette the Code of Practice for Methanol Bunkering within this month, and launch the Green Maritime Fuel Bunkering Incentive Scheme.

MIL OSI Asia Pacific News –

June 26, 2025

MIL-OSI: Beeline Title Among the First to Close Crypto Real Estate Transaction

Source: GlobeNewswire (MIL-OSI)

PROVIDENCE, R.I., June 25, 2025 (GLOBE NEWSWIRE) — via IBN – Beeline Holdings, Inc., (NASDAQ: BLNE) the fast-growing digital mortgage platform that shortens the path to homeownership, is pleased to announce that its subsidiary, Beeline Title holdings, Inc. (“Beeline Title”), has successfully closed what it believes to be among the first to close a residential real estate transaction funded through the sale of a cryptocurrency token backed by real property. The transaction marks a major milestone in the evolution of blockchain-driven real estate finance, bridging decentralized finance with traditional title and escrow services.

“Several mortgage lenders are already developing funding models that involve the conversion of cryptocurrencies to U.S. dollars at closing,” said Nick Liuzza, CEO of Beeline Holdings. “But for these models to function at scale, you need a title company that not only understands blockchain transactions—but has the infrastructure to disburse and reconcile them in compliance with federal and state regulations.”

Beeline’s TItle’s cryptocurrency-enabled transaction is the beginning of a broader rollout. Beeline Loans, Inc., another subsidiary, is set to launch a Fractional Sale of equity product leveagering the crypto ecosystem in early August 2025, with Beeline Title providing the title and closing services for each transaction—unless borrowers elect to use an outside title company.

Importantly, Beeline Title will open this platform to all mortgage lenders, giving them access to a proven solution for cryptocurrency token transaction reconciliation, compliance and disbursement.

Liuzza continued: “Our team built Linear Title, one of the largest privately held title agencies in the U.S., prior to merging with Real Matters and going public on the TSX. Through 2019, we closed over one million title transactions across all 50 states, and this new platform is an extension of that expertise—tailored to the next generation of mortgage transactions.”

As cryptocurrency adoption accelerates and becomes regulated by federal and state governments, Beeline is positioning itself as a leader in this fastmoving ecosystem, offering trusted infrastructure to help lenders scale into a future where crypto and compliance go hand-in-hand.

About Beeline Financial Holdings, Inc.

Beeline Financial Holdings, Inc. is a trailblazing mortgage fintech transforming the way people access property financing. Through its fully digital, AI-powered platform, Beeline delivers a faster, smarter path to home loans—whether for primary residences or investment properties. Headquartered in Providence, Rhode Island, Beeline is reshaping mortgage origination with speed, simplicity, and transparency at its core. The company is a wholly owned subsidiary of Beeline Holdings and also operates Beeline Labs, its innovation arm focused on next-generation lending solutions.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the company’s prospective new home equity access product, the potential market for, timing, features, and demand for such product, and the benefits thereof. Forward-looking statements are prefaced by words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “should,” “would,” “intend,” “seem,” “potential,” “appear,” “continue,” “future,” believe,” “estimate,” “forecast,” “project,” and similar words. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. We caution you, therefore, against relying on any of these forward-looking statements. Our actual results may differ materially from those contemplated by the forward-looking statements for a variety of reasons, including, without limitation, the possibility that estimates, projections and assumptions on which the forward-looking statements are based prove to be incorrect, the ultimate interest of homeowners in unlocking liquidity and Beeline’s ability to attract homeowners, its reliance on a related party to raise capital to fund the real estate transactions and the Risk Factors contained in our Form 10-K filed April 15, 2025. Any forward-looking statement made by us in this presentation speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Investor Contact:
investors@makeabeeline.com

Media Contact:
press@makeabeeline.com

Wire Service Contact:
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
Editor@InvestorBrandNetwork.com

The MIL Network –

June 26, 2025

MIL-OSI Banking: Growing Retail Digital Payments: The Value of Interoperability

Source: International Monetary Fund

Preview Citation

Format: Chicago

Alexander Copestake, Divya Kirti, and Maria Soledad Martinez Peria. “Growing Retail Digital Payments: The Value of Interoperability”, Fintech Notes 2025, 004 (2025), accessed June 25, 2025, https://doi.org/10.5089/9798229014250.063

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Summary

Policymakers in many countries aim to increase the uptake of retail digital payment systems. This Note examines whether interoperability can help achieve this goal. We provide a conceptual framework that explains how interoperability can support the adoption of digital payments by increasing users’ freedom to choose their favorite app. We present evidence consistent with this framework using granular data covering the universe of transactions on India’s Unified Payments Interface (UPI), an interoperable platform that has become the world’s largest retail fast payment system by volume. We find that interoperability has indeed supported adoption, suggesting that promoting interoperability could be a promising policy lever for countries seeking to transition away from cash.

Subject: Digital financial services, Financial markets, Financial regulation and supervision, Financial services, Fintech, Monetary policy, Money, Payment systems, Technology

Keywords: Digital financial services, Fintech, Fintech, Interoperability, Networks, Payment systems, Payments, UPI

Publication Details

MIL OSI Global Banks –

June 26, 2025

MIL-OSI: Beeline Title Closes its First Crypto Real Estate Transaction – Building a Title Platform for Lenders leveraging Stable Coins looking to infuse liquidity in Residential Real Estate

Source: GlobeNewswire (MIL-OSI)

Providence, RI, June 25, 2025 (GLOBE NEWSWIRE) — Beeline Holdings, Inc., (Nasdaq: BLNE) the fast-growing digital mortgage platform that shortens the path to homeownership, is pleased to announce that its subsidiary, Beeline Title holdings, Inc. (“Beeline Title”), has successfully closed what it believes to be one of the first-ever residential real estate transactions funded through the sale of a cryptocurrency token which is backed by real property. The transaction marks a major milestone in the evolution of blockchain-driven real estate finance, bridging decentralized finance with traditional title and escrow services.

“Several mortgage lenders are already developing funding models that involve the conversion of cryptocurrencies to U.S. dollars at closing,” said Nick Liuzza, CEO of Beeline Holdings. “But for these models to function at scale, you need a title company that not only understands blockchain transactions—but has the infrastructure to disburse and reconcile them in compliance with federal and state regulations.”

Beeline’s first cryptocurrency-enabled transaction is the beginning of a broader rollout. Beeline Loans, Inc., another subsidiary, is set to launch its full cryptocurrency token funding platform nationally in early August 2025, with Beeline Title providing the title and closing services for each transaction—unless borrowers elect to use an outside title company.

Importantly, Beeline Title will open this platform to all mortgage lenders, giving them access to a proven solution for cryptocurrency token transaction reconciliation, compliance, and disbursement.

Liuzza continued, “Our team built Linear Title, one of the largest privately held title agencies in the U.S., prior to merging with Real Matters and going public on the TSX. Through 2019, they closed over one million title transactions across all 50 states, and this new platform is an extension of that expertise—tailored to the next generation of mortgage transactions.”

As cryptocurrency adoption accelerates and becomes regulated by federal and state governments, Beeline is positioning itself as a leader in this fast-moving ecosystem, offering trusted infrastructure to help lenders scale into a future where crypto and compliance go hand-in-hand.

About Beeline

Beeline Financial Holdings, Inc. is a trailblazing mortgage fintech transforming the way people access property financing. Through its fully digital, AI-powered platform, Beeline delivers a faster, smarter path to home loans—whether for primary residences or investment properties. Headquartered in Providence, Rhode Island, Beeline is reshaping mortgage origination with speed, simplicity, and transparency at its core. The company is a wholly owned subsidiary of Beeline Holdings and also operates Beeline Labs, its innovation arm focused on next-generation lending solutions. For more information please visit: https://makeabeeline.com/

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the company’s prospective new home equity access product, the potential market for, timing, features, and demand for such product, and the benefits thereof. Forward-looking statements are prefaced by words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “should,” “would,” “intend,” “seem,” “potential,” “appear,” “continue,” “future,” believe,” “estimate,” “forecast,” “project,” and similar words. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. We caution you, therefore, against relying on any of these forward-looking statements. Our actual results may differ materially from those contemplated by the forward-looking statements for a variety of reasons, including, without limitation, the possibility that estimates, projections and assumptions on which the forward-looking statements are based prove to be incorrect, the ultimate interest of homeowners in unlocking liquidity and Beeline’s ability to attract homeowners, its reliance on a related party to raise capital to fund the real estate transactions and the Risk Factors contained in our Form 10-K filed April 15, 2025. Any forward-looking statement made by us in this presentation speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Contact:
ir@makeabeeline.com

The MIL Network –

June 26, 2025

MIL-OSI: Beeline Title Closes its First Crypto Real Estate Transaction – Building a Title Platform for Lenders leveraging Stable Coins looking to infuse liquidity in Residential Real Estate

Source: GlobeNewswire (MIL-OSI)

Providence, RI, June 25, 2025 (GLOBE NEWSWIRE) — Beeline Holdings, Inc., (Nasdaq: BLNE) the fast-growing digital mortgage platform that shortens the path to homeownership, is pleased to announce that its subsidiary, Beeline Title holdings, Inc. (“Beeline Title”), has successfully closed what it believes to be one of the first-ever residential real estate transactions funded through the sale of a cryptocurrency token which is backed by real property. The transaction marks a major milestone in the evolution of blockchain-driven real estate finance, bridging decentralized finance with traditional title and escrow services.

“Several mortgage lenders are already developing funding models that involve the conversion of cryptocurrencies to U.S. dollars at closing,” said Nick Liuzza, CEO of Beeline Holdings. “But for these models to function at scale, you need a title company that not only understands blockchain transactions—but has the infrastructure to disburse and reconcile them in compliance with federal and state regulations.”

Beeline’s first cryptocurrency-enabled transaction is the beginning of a broader rollout. Beeline Loans, Inc., another subsidiary, is set to launch its full cryptocurrency token funding platform nationally in early August 2025, with Beeline Title providing the title and closing services for each transaction—unless borrowers elect to use an outside title company.

Importantly, Beeline Title will open this platform to all mortgage lenders, giving them access to a proven solution for cryptocurrency token transaction reconciliation, compliance, and disbursement.

Liuzza continued, “Our team built Linear Title, one of the largest privately held title agencies in the U.S., prior to merging with Real Matters and going public on the TSX. Through 2019, they closed over one million title transactions across all 50 states, and this new platform is an extension of that expertise—tailored to the next generation of mortgage transactions.”

As cryptocurrency adoption accelerates and becomes regulated by federal and state governments, Beeline is positioning itself as a leader in this fast-moving ecosystem, offering trusted infrastructure to help lenders scale into a future where crypto and compliance go hand-in-hand.

About Beeline

Beeline Financial Holdings, Inc. is a trailblazing mortgage fintech transforming the way people access property financing. Through its fully digital, AI-powered platform, Beeline delivers a faster, smarter path to home loans—whether for primary residences or investment properties. Headquartered in Providence, Rhode Island, Beeline is reshaping mortgage origination with speed, simplicity, and transparency at its core. The company is a wholly owned subsidiary of Beeline Holdings and also operates Beeline Labs, its innovation arm focused on next-generation lending solutions. For more information please visit: https://makeabeeline.com/

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the company’s prospective new home equity access product, the potential market for, timing, features, and demand for such product, and the benefits thereof. Forward-looking statements are prefaced by words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “should,” “would,” “intend,” “seem,” “potential,” “appear,” “continue,” “future,” believe,” “estimate,” “forecast,” “project,” and similar words. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. We caution you, therefore, against relying on any of these forward-looking statements. Our actual results may differ materially from those contemplated by the forward-looking statements for a variety of reasons, including, without limitation, the possibility that estimates, projections and assumptions on which the forward-looking statements are based prove to be incorrect, the ultimate interest of homeowners in unlocking liquidity and Beeline’s ability to attract homeowners, its reliance on a related party to raise capital to fund the real estate transactions and the Risk Factors contained in our Form 10-K filed April 15, 2025. Any forward-looking statement made by us in this presentation speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Contact:
ir@makeabeeline.com

The MIL Network –

June 26, 2025

MIL-OSI: Wearable Devices Advances AI Health Monitoring Platform as U.S. HHS Embraces Wearable Tech

Source: GlobeNewswire (MIL-OSI)

Yokneam Illit, Israel, June 25, 2025 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI”)-powered touchless sensing wearables, recently announced the expansion of its Large Motor Unit Action Potential Model (“LMM”) into new potential markets, such as predictive health monitoring and cognitive state analytics. This development will enable the broadening of bio-signal intelligence applications beyond wearables and will offer businesses and healthcare providers access to real-time physiological insights for monitoring health and wellness conditions.

This strategic expansion into predictive health monitoring aligns with the rising interest in personalized wellness devices. This interest is now demonstrated at the federal level. U.S. Secretary of Health and Human Services, Robert F. Kennedy Jr., has recently advocated for wearable devices to enhance health monitoring and cognitive well-being, underscoring the public and institutional momentum toward real-time data-driven care.

This announcement follows Wearable Devices’ recent introduction of LMM as a groundbreaking AI-driven bio-signal platform focused on gesture-based control in extended reality (“XR”) and neural interaction with digital devices. The Company’s LMM approach to analyzing muscle activity signals will support the expansion into the field of health monitoring, enabling users to enhance their performance across various domains.

From Passive Monitoring to Proactive Intelligence

Unlike traditional bio-sensors that collect data passively, LMM continuously learns and adapts, turning muscle activity signals from the wrist into actionable insights. The technology is now being evaluated in controlled environments for real-world applications, including:

	●	Predictive Health Monitoring – Detecting hidden patterns in muscle activity that may indicate early signs of health conditions before symptoms appear, revolutionizing preventive diagnostics and digital health tracking.

	●	Cognitive State & Performance Analytics – Monitoring focus, fatigue, and stress levels through muscle tone and micro-movements, optimizing work productivity and mental well-being.

	●	Exploring Predictive Analytics – Assessing whether continuous monitoring of neural data can improve AI-driven user behavior predictions.

A Platform for Innovation: Opening LMM to Business Partners

Recognizing the transformative potential of bio-signal intelligence, Wearable Devices is intending to make LMM available to enterprises, researchers, and developers. The Company’s AI-powered bio-signal data platform is expected to enable businesses to:

	●	Develop custom applications tailored to healthcare and sports for athletic performance optimization.

	●	Integrate real-time physiological insights into enterprise solutions to enhance safety, performance, and productivity.

	●	Leverage LMM’s AI engine to continuously refine predictive health and interaction models.

Following the initial evaluation phase, Wearable Devices aims to accelerate commercialization and strategic partnerships across the health sector, reinforcing its position as a pioneer in bio-signal intelligence and neural interface technology.

About Wearable Devices Ltd.

Wearable Devices Ltd. is a pioneering growth company revolutionizing human-computer interaction through its AI-powered neural input technology for both consumer and business markets. Leveraging proprietary sensors, software, and advanced AI algorithms, the Company’s innovative products, including the Mudra Band for iOS and Mudra Link for Android, enable seamless, touch-free interaction by transforming subtle finger and wrist movements into intuitive controls. These groundbreaking solutions enhance gaming, and the rapidly expanding AR/VR/XR landscapes. The Company offers a dual-channel business model: direct-to-consumer sales and enterprise licensing. Its flagship Mudra Band integrates functional and stylish design with cutting-edge AI to empower consumers, while its enterprise solutions provide businesses with the tools to deliver immersive and interactive experiences. By setting the input standard for the XR market, Wearable Devices is redefining user experiences and driving innovation in one of the fastest-growing tech sectors. Wearable Devices’ ordinary shares and warrants trade on the Nasdaq under the symbols “WLDS” and “WLDSW,” respectively.

Forward-Looking Statements Disclaimer

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, we are using forward-looking statements when we discuss the benefits and advantages of our devices and technology, including the potential of LMMs, the potential to accelerate commercialization and strategic partnerships across the health sector, the rising interest in personalized wellness devices and entering markets that need real-time physiological insights. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the trading of our ordinary shares or warrants and the development of a liquid trading market; our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2024, filed on March 20, 2025 and our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Investor Relations Contact
Michal Efraty
IR@wearabledevices.co.il

The MIL Network –

June 26, 2025

MIL-OSI Africa: Powering African Economies: African Energy Week (AEW) 2025 to Host Program Track on Power, Infrastructure Sectors

African Energy Week (AEW): Invest in African Energies – taking place September 29 to October 3 in Cape Town – will feature a Power Africa Track as part of its main conference program. The track, dedicated to addressing emerging opportunities across the continent’s power and infrastructure sectors, will examine the state of play of Africa’s power market. Government representatives, private sector investors, independent power producers and public utilities will come together to discuss Africa’s future power systems – laying the foundation for new deals to be signed.

While many developed nations prioritize renewable energy developments, African nations continue to face significant energy access challenges. Approximately 43% of the continent’s population lives without access to electricity, with rural and remote communities struggling to gain access to national grid networks. At the same time, Africa is also the continent most-effected by climate change impacts globally. This highlights a need – and emerging opportunity – for a coordinated approach by both the private and public sectors to develop infrastructure that meets the demands of both urbanized and rural communities. The AEW: Invest in African Energies Powering Africa Track offers a platform to discuss strategies for expanding energy access across the continent. Sessions will explore the role public-private collaboration plays, how market liberalization can bolster investments and the impact of integrated power pools. Panel discussions include: Energy Leaders Dialogue: Strengthening Public & Private Collaborations for Increased Energy Access; Empowering Africa’s Energy Future: Market Liberalization and Private Sector Leadership; Scaling Renewable Innovation: Bridging the Energy Access Gap with Off-Grid and Smart Technologies; and Connecting Africa: Advancing Regional Trade Through Integrated Power Pools.

Many countries in Africa are pursuing investment to support sustainable energy developments, seeking to both strengthen and expand power systems. Challenges related to inadequate generating capacity, transmission disruptions and maintenance have plagued many countries, resulting in unreliable power supply that hinders economic growth. South Africa, for example, Africa’s largest economy, struggles with intermittent power, largely due to an ageing coal fleet. To address this, the country is leveraging policy such as the Renewable Energy Independent Power Producer program and Integrated Resource Plan to incentivize private sector investment in alternative energy sources. To date, the country has introduced 6.4 GW of renewable energy capacity to the grid through 122 independent power producers. AEW: Invest in African Energies 2025 sessions on Balancing Investment Strategies and the Integration of Renewable into the Energy Mix and The Role of African Energy in a World Where Climate is No Longer the First Priority will explore the role of renewable energy in Africa’s power systems and how Africa’s priorities have shifted to power expansion.

Beyond renewables, Africa is well-positioned to leverage its natural gas and uranium resources to diversify its energy mix and strengthen power capacity. Wit over 620 trillion cubic feet of proven gas resources, the continent is turning to gas-based power to enhance access and support industrialization. Major projects include Angola’s 750 MW Soyo combined cycle power plant; Senegal’s 300 MW Cap des Biches power plant; Algeria’s 660 MW dual-fired Hassi Messaoud Gas Turbine plant, among others. In the nuclear sector, several African countries are pursuing power projects in collaboration with international partners. Projects are being planned in Burkina Faso, Ghana, Uganda, Rwanda, and more, all of which will complement the continent’s sole operating nuclear facility: South Africa’s Koeberg plant. Sessions on gas-to-power and nuclear at AEW: Invest in African Energies 2025 will explore the emerging role these resources will play in Africa’s power sector. Sessions include Gas-to-Power: Meeting Africa’s Growing Domestic Energy Demand Now; Overcoming Infrastructure and Regulatory Hurdles to Nuclear Deployment; Energy Efficiency: The Cornerstone of Africa’s Sustainable Growth; and Powering Africa’s Industrial Revolution.

“With over 600 million people living without access to electricity, there has never been a more imperative time to advance the development of integrated power systems in Africa. While the continent’s population continues to grow, securing power supply becomes critical. By investing in African resources, strengthening infrastructure and introducing off-grid power solutions, Africa will be able to both alleviate energy poverty while driving long-term, sustainable growth,” states Sergio Pugliese, President for the African Energy Chamber, Angola.

AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit http://www.AECWeek.com for more information about this exciting event.

Distributed by APO Group on behalf of African Energy Chamber.

MIL OSI Africa –

June 26, 2025

MIL-OSI: BTC Miner Surges Amid Bitcoin Boom: Users Earn Up to $8,500 Daily with Zero Effort

Source: GlobeNewswire (MIL-OSI)

London, UK, June 25, 2025 (GLOBE NEWSWIRE) — As Bitcoin holds steady above $105,000 and Ethereum remains strong beyond $2,500, global investors are increasingly turning to passive income solutions in the crypto sector. Riding this wave is BTC Miner, a global cloud mining platform now gaining rapid traction for enabling everyday users to earn as much as $8,500 per day—without any prior technical experience or hardware setup.

With economic uncertainty lingering and traditional investment routes losing appeal, BTC Miner is emerging as a simplified path to daily crypto earnings. The platform offers automated cloud mining contracts, ensuring users can mine popular digital assets with zero barriers to entry, no maintenance, and daily returns deposited directly to their wallets.

$500 Welcome Bonus & $50,000 Referral Rewards Fuel Growth

To celebrate the surging interest in digital mining, BTC Miner has introduced an attractive incentive program for both new users and community builders:

$500 sign-up bonus — available immediately to all new accounts, with no deposit required.
Up to $50,000 in referral rewards — allowing users to earn passive income by inviting others to the platform.

“Our goal is to create a win-win model where users not only earn from mining but also grow their wealth socially by sharing the opportunity,” said a BTC Miner spokesperson. “With both passive and referral income built into the platform, we’re democratizing access to crypto earnings worldwide.”

️ FCA Regulated & Multi-Crypto Compatible

BTC Miner operates under the regulation of the UK’s Financial Conduct Authority (FCA), offering a secure and transparent ecosystem for crypto-based investments. The platform supports a wide variety of top-tier digital assets for deposits and withdrawals, including:

BTC, ETH, LTC, USDT (ERC20/TRC20), USDC, XRP, DOGE, SOL, BCH, and more.

Mining contracts start from just $200, and users can earn returns without managing any hardware or software. Daily profits are distributed automatically, making it one of the most accessible passive earning platforms in the crypto space.

How to Start Earning: Simple 4-Step Process

Visit: https://btcminer.bond
Register: Sign up and receive a $500 bonus instantly
Choose a plan: Flexible mining contracts starting from $200
Earn daily: Receive automatic payouts with zero effort
Invite others and earn from their investments, up to $50,000

With top-tier contracts delivering up to $8,500 per day, BTC Miner is helping turn passive crypto income into a mainstream financial tool.

User Testimonials Highlight Success

“I’ve never mined crypto before,” said one BTC Miner user. “But in just two days, I earned a 10% return without lifting a finger. It’s safer than trading and more consistent than stocks.”

About BTC Miner
BTC Miner is a leading global cloud mining platform offering secure, regulated, and user-friendly solutions for passive cryptocurrency income. With zero setup, transparent operations, and daily payouts, BTC Miner empowers users worldwide to participate in crypto wealth creation — no technical skills required.

To get started or learn more, visit https://btcminer.bond

Media Contact:
Full Name: Liam Carter
Position: PR Manger
Phone:+447562780477
Email:liam@btcminer.bond
Website: http://www.btcminer.bond

Company Address:
17, Whitworth Drive, Randlay, Telford, Shropshire, TF3 2NN

Disclaimer: This press release is for informational purposes only and does not constitute financial advice, legal advice, or investment recommendations. Stock Trading involves risk and market volatility. Please research or consult a licensed financial advisor before making investment decisions.BTCMiner.net and associated parties are not liable for any financial loss incurred.

Attachment

The MIL Network –

June 26, 2025

MIL-OSI Asia-Pac: Passage of unions bill welcomed

Source: Hong Kong Information Services

The Government has welcomed the Legislative Council’s passage today of the Trade Unions (Amendment) Bill 2025, which amends the Trade Unions Ordinance.

It said the bill fulfills a duty to safeguard national security and improves the trade union regulatory regime. The amendments strengthen the statutory powers of the Registrar of Trade Unions to supervise and regulate unions.

The Government stressed that the amendments give due regard to the freedom and right of Hong Kong residents to form and join trade unions and will not adversely affect the operation of law-abiding trade unions.

It added that the amended ordinance will ensure that trade unions uphold the principal object of safeguarding and promoting the occupational interests of their members, which will be conducive to unions’ healthy development.

The Trade Unions (Amendment) Ordinance 2025 will be published in the Government Gazette on July 4, and will come into operation on January 5 next year.

The Labour Department will step up publicity efforts and publish reference materials to help trade unions understand and comply with the new requirements.

MIL OSI Asia Pacific News –

June 25, 2025

MIL-OSI: YieldMax® ETFs Announces Distributions on ULTY, CONY, AMDY, LFGY, YMAX, and Others

Source: GlobeNewswire (MIL-OSI)

CHICAGO and MILWAUKEE and NEW YORK, June 25, 2025 (GLOBE NEWSWIRE) — YieldMax® today announced distributions for the YieldMax® Weekly Payers and Group C ETFs listed in the table below.

ETF Ticker¹	ETF Name	Distribution Frequency	Distribution per Share	Distribution Rate^2,⁴	30-Day SEC Yield³	ROC⁵	Ex-Date & Record Date	Payment Date
CHPY	YieldMax® Semiconductor Portfolio Option Income ETF	*Weekly*	$0.3767	35.95%	0.38%	96.83%	6/26/25	6/27/25
GPTY	YieldMax® AI & Tech Portfolio Option Income ETF	*Weekly*	$0.3140	34.48%	0.00%	100.00%	6/26/25	6/27/25
LFGY	YieldMax® Crypto Industry & Tech Portfolio Option Income ETF	*Weekly*	$0.4836	63.08%	0.00%	100.00%	6/26/25	6/27/25
QDTY	YieldMax® Nasdaq 100 0DTE Covered Call ETF	*Weekly*	$0.1188	14.23%	0.00%	100.00%	6/26/25	6/27/25
RDTY	YieldMax® R2000 0DTE Covered Call ETF	*Weekly*	$0.2035	22.95%	0.89%	100.00%	6/26/25	6/27/25
SDTY	YieldMax® S&P 500 0DTE Covered Call ETF	*Weekly*	$0.1151	13.52%	0.00%	100.00%	6/26/25	6/27/25
ULTY	YieldMax® Ultra Option Income Strategy ETF	*Weekly*	$0.0923	76.38%	0.00%	100.00%	6/26/25	6/27/25
YMAG	YieldMax® Magnificent 7 Fund of Option Income ETFs	*Weekly*	$0.1574	53.77%	66.50%	94.21%	6/26/25	6/27/25
YMAX	YieldMax® Universe Fund of Option Income ETFs	*Weekly*	$0.1548	59.01%	88.53%	94.96%	6/26/25	6/27/25
ABNY	YieldMax® ABNB Option Income Strategy ETF	Every 4 weeks	$0.3232	35.66%	2.97%	92.90%	6/26/25	6/27/25
AMDY	YieldMax® AMD Option Income Strategy ETF	Every 4 weeks	$0.4629	71.65%	3.09%	96.14%	6/26/25	6/27/25
CONY	YieldMax® COIN Option Income Strategy ETF	Every 4 weeks	$0.5354	73.35%	3.53%	96.71%	6/26/25	6/27/25
CVNY	YieldMax® CVNA Option Income Strategy ETF	Every 4 weeks	$1.7084	51.44%	2.81%	96.68%	6/26/25	6/27/25
FIAT	YieldMax® Short COIN Option Income Strategy ETF	Every 4 weeks	$0.1536	54.32%	2.93%	92.85%	6/26/25	6/27/25
HOOY	YieldMax® HOOD Option Income Strategy ETF	Every 4 weeks	$6.5030	–	–	99.92%	6/26/25	6/27/25
MSFO	YieldMax® MSFT Option Income Strategy ETF	Every 4 weeks	$0.4848	34.76%	3.13%	92.03%	6/26/25	6/27/25
NFLY	YieldMax® NFLX Option Income Strategy ETF	Every 4 weeks	$0.4303	29.37%	2.98%	90.80%	6/26/25	6/27/25
PYPY	YieldMax® PYPL Option Income Strategy ETF	Every 4 weeks	$0.3297	33.10%	3.41%	92.95%	6/26/25	6/27/25
Weekly Payers & Group D ETFs scheduled for next week: CHPY GPTY LFGY QDTY RDTY SDTY ULTY YMAG YMAX AIYY AMZY APLY DISO MSTY SMCY WNTR XYZY YQQQ

Standardized Performance and Fund details can be obtained by clicking the ETF Ticker in the table above or by visiting us at www.yieldmaxetfs.com

Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. Performance current to the most recent month-end can be obtained by calling (866) 864-3968.

Note: DIPS, FIAT, CRSH, YQQQ and WNTR are hereinafter referred to as the “Short ETFs.”

Distributions are not guaranteed. The Distribution Rate and 30-Day SEC Yield are not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from period to period and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant.

Investors in the Funds will not have rights to receive dividends or other distributions with respect to the underlying reference asset(s).

¹All YieldMax® ETFs shown in the table above (except YMAX, YMAG, FEAT, FIVY and ULTY) have a gross expense ratio of 0.99%. YMAX, FEAT have a Management Fee of 0.29% and Acquired Fund Fees and Expenses of 0.99% for a gross expense ratio of 1.28%. YMAG has a management fee of 0.29% and Acquired Fund Fees and Expenses of 0.83% for a gross expense ratio of 1.12%. FIVY has a Management Fee of 0.29% and Acquired Fund Fees and Expenses of 0.59% for a gross expense ratio of 0.88%. “Acquired Fund Fees and Expenses” are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies, namely other YieldMax® ETFs. ULTY has a gross expense ratio of 1.40%, and a net expense ratio after the fee waiver of 1.30%. The Advisor has agreed to a fee waiver of 0.10% through at least February 28, 2026.
²The Distribution Rate shown is as of close on June 24, 2025. The Distribution Rate is the annual distribution rate an investor would receive if the most recent distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by annualizing an ETF’s Distribution per Share and dividing such annualized amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent`t its total return. Distributions may also include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease an ETF’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These Distribution Rates may be caused by unusually favorable market conditions and may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future.
³The 30-Day SEC Yield represents net investment income, which excludes option income, earned by such ETF over the 30-Day period ended May 31, 2025, expressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period.
⁴ Each ETF’s strategy (except those of the Short ETFs) will cap potential gains if its reference asset’s shares increase in value, yet subjects an investor to all potential losses if the reference asset’s shares decrease in value. Such potential losses may not be offset by income received by the ETF. Each Short ETF’s strategy will cap potential gains if its reference asset decreases in value, yet subjects an investor to all potential losses if the reference asset increases in value. Such potential losses may not be offset by income received by the ETF.
⁵ROC refers to Return of Capital. The ROC percentage indicates how much the distribution reflects an investor’s initial investment. The figures shown for each Fund in the table above are estimates and may later be determined to be taxable net investment income, short-term gains, long-term gains (to the extent permitted by law), or return of capital. Actual amounts and sources for tax reporting will depend upon the Fund’s investment activities during the remainder of the fiscal year and may be subject to changes based on tax regulations. Your broker will send you a Form 1099-DIV for the calendar year to tell you how to report these distributions for federal income tax purposes.

Each Fund has a limited operating history and while each Fund’s objective is to provide current income, there is no guarantee the Fund will make a distribution. Distributions are likely to vary greatly in amount.

Important Information

This material must be preceded or accompanied by the prospectus. For all prospectuses, click here.

Tidal Financial Group is the adviser for all YieldMax® ETFs.

THE FUND, TRUST, AND ADVISER ARE NOT AFFILIATED WITH ANY UNDERLYING REFERENCE ASSET.

Risk Disclosures (applicable to all YieldMax ETFs referenced above, except the Short ETFs)

YMAX, YMAG, FEAT and FIVY generally invest in other YieldMax® ETFs. As such, these Funds are subject to the risks listed in this section, which apply to all the YieldMax® ETFs they may hold from time to time.

Investing involves risk. Principal loss is possible.

Referenced Index Risk. The Fund invests in options contracts that are based on the value of the Index (or the Index ETFs). This subjects the Fund to certain of the same risks as if it owned shares of companies that comprised the Index or an ETF that tracks the Index, even though it does not.

Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index.

Russell 2000 Index Risks. The Index, which consists of small-cap U.S. companies, is particularly susceptible to economic changes, as these firms often have less financial resilience than larger companies. Market volatility can disproportionately affect these smaller businesses, leading to significant price swings. Additionally, these companies are often more exposed to specific industry risks and have less diverse revenue streams. They can also be more vulnerable to changes in domestic regulatory or policy environments.

Call Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s call writing strategy will impact the extent that the Fund participates in the positive price returns of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold call options and over longer periods.

Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”). In a transaction involving cleared derivatives, the Fund’s counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house (“clearing members”) can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members.

Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current income. There is no assurance that the Fund will make a distribution in any given period. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses.

Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.

New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

Price Participation Risk. The Fund employs an investment strategy that includes the sale of call option contracts, which limits the degree to which the Fund will participate in increases in value experienced by the underlying reference asset over the Call Period.

Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, which focuses on an individual security (ARKK, TSLA, AAPL, NVDA, AMZN, META, GOOGL, NFLX, COIN, MSFT, DIS, XOM, JPM, AMD, PYPL, SQ, MRNA, AI, MSTR, Bitcoin ETP, GDX®, SNOW, ABNB, BABA, TSM, SMCI, PLTR, MARA, CVNA, HOOD, BRK.B), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

Inflation Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.

Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, or their respective affiliates and is not involved with this offering in any way.

Risk Disclosures (applicable only to GPTY)

Artificial Intelligence Risk. Issuers engaged in artificial intelligence typically have high research and capital expenditures and, as a result, their profitability can vary widely, if they are profitable at all. The space in which they are engaged is highly competitive and issuers’ products and services may become obsolete very quickly. These companies are heavily dependent on intellectual property rights and may be adversely affected by loss or impairment of those rights. The issuers are also subject to legal, regulatory, and political changes that may have a large impact on their profitability. A failure in an issuer’s product or even questions about the safety of the product could be devastating to the issuer, especially if it is the marquee product of the issuer. It can be difficult to accurately capture what qualifies as an artificial intelligence company.

Technology Sector Risk. The Fund will invest substantially in companies in the information technology sector, and therefore the performance of the Fund could be negatively impacted by events affecting this sector. Market or economic factors impacting technology companies and companies that rely heavily on technological advances could have a significant effect on the value of the Fund’s investments. The value of stocks of information technology companies and companies that rely heavily on technology is particularly vulnerable to rapid changes in technology product cycles, rapid product obsolescence, government regulation and competition, both domestically and internationally, including competition from foreign competitors with lower production costs. Stocks of information technology companies and companies that rely heavily on technology, especially those of smaller, less-seasoned companies, tend to be more volatile than the overall market. Information technology companies are heavily dependent on patent and intellectual property rights, the loss or impairment of which may adversely affect profitability.

Risk Disclosure (applicable only to MARO)

Digital Assets Risk: The Fund does not invest directly in Bitcoin or any other digital assets. The Fund does not invest directly in derivatives that track the performance of Bitcoin or any other digital assets. The Fund does not invest in or seek direct exposure to the current “spot” or cash price of Bitcoin. Investors seeking direct exposure to the price of Bitcoin should consider an investment other than the Fund. Digital assets like Bitcoin, designed as mediums of exchange, are still an emerging asset class. They operate independently of any central authority or government backing and are subject to regulatory changes and extreme price volatility.

Risk Disclosures (applicable only to BABO and TSMY)

Currency Risk: Indirect exposure to foreign currencies subjects the Fund to the risk that currencies will decline in value relative to the U.S. dollar. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and the imposition of currency controls or other political developments in the U.S. or abroad.

Depositary Receipts Risk: The securities underlying BABO and TSMY are American Depositary Receipts (“ADRs”). Investment in ADRs may be less liquid than the underlying shares in their primary trading market.

Foreign Market and Trading Risk: The trading markets for many foreign securities are not as active as U.S. markets and may have less governmental regulation and oversight.

Foreign Securities Risk: Investments in securities of non-U.S. issuers involve certain risks that may not be present with investments in securities of U.S. issuers, such as risk of loss due to foreign currency fluctuations or to political or economic instability, as well as varying regulatory requirements applicable to investments in non-U.S. issuers. There may be less information publicly available about a non-U.S. issuer than a U.S. issuer. Non-U.S. issuers may also be subject to different regulatory, accounting, auditing, financial reporting, and investor protection standards than U.S. issuers.

Risk Disclosures (applicable only to GDXY)

Risk of Investing in Foreign Securities. The Fund is exposed indirectly to the securities of foreign issuers selected by GDX®’s investment adviser, which subjects the Fund to the risks associated with such companies. Investments in the securities of foreign issuers involve risks beyond those associated with investments in U.S. securities.

Risk of Investing in Gold and Silver Mining Companies. The Fund is exposed indirectly to gold and silver mining companies selected by GDX®’s investment adviser, which subjects the Fund to the risks associated with such companies.

The Fund invests in options contracts based on the value of the VanEck Gold Miners ETF (GDX®), which subjects the Fund to some of the same risks as if it owned GDX®, as well as the risks associated with Canadian, Australian and Emerging Market Issuers, and Small-and Medium-Capitalization companies.

Risk Disclosures (applicable only to YBIT)

YBIT does not invest directly in Bitcoin or any other digital assets. YBIT does not invest directly in derivatives that track the performance of Bitcoin or any other digital assets. YBIT does not invest in or seek direct exposure to the current “spot” or cash price of Bitcoin. Investors seeking direct exposure to the price of Bitcoin should consider an investment other than YBIT.

Bitcoin Investment Risk: The Fund’s indirect investment in Bitcoin, through holdings in one or more Underlying ETPs, exposes it to the unique risks of this emerging innovation. Bitcoin’s price is highly volatile, and its market is influenced by the changing Bitcoin network, fluctuating acceptance levels, and unpredictable usage trends.

Digital Assets Risk: Digital assets like Bitcoin, designed as mediums of exchange, are still an emerging asset class. They operate independently of any central authority or government backing and are subject to regulatory changes and extreme price volatility. Potentially No 1940 Act Protections. As of the date of this Prospectus, there is only a single eligible Underlying ETP, and it is an investment company subject to the 1940 Act.

Bitcoin ETP Risk: The Fund invests in options contracts that are based on the value of the Bitcoin ETP. This subjects the Fund to certain of the same risks as if it owned shares of the Bitcoin ETP, even though it does not. Bitcoin ETPs are subject, but not limited, to significant risk and heightened volatility. An investor in a Bitcoin ETP may lose their entire investment. Bitcoin ETPs are not suitable for all investors. In addition, not all Bitcoin ETPs are registered under the Investment Company Act of 1940. Those Bitcoin ETPs that are not registered under such statute are therefore not subject to the same regulations as exchange traded products that are so registered.

Risk Disclosures (applicable only to the Short ETFs)

Investing involves risk. Principal loss is possible.

Price Appreciation Risk. As part of the Fund’s synthetic covered put strategy, the Fund purchases and sells call and put option contracts that are based on the value of the underlying reference asset. This strategy subjects the Fund to certain of the same risks as if it shorted the underlying reference asset, even though it does not. By virtue of the Fund’s indirect inverse exposure to changes in the value of the underlying reference asset, the Fund is subject to the risk that the value of the underlying reference asset increases. If the value of the underlying reference asset increases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses.

Put Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s put writing (selling) strategy will impact the extent that the Fund participates in decreases in the value of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold put options and over longer periods.

Purchased OTM Call Options Risk. The Fund’s strategy is subject to potential losses if the underlying reference asset increases in value, which may not be offset by the purchase of out-of-the-money (OTM) call options. The Fund purchases OTM calls to seek to manage (cap) the Fund’s potential losses from the Fund’s short exposure to the underlying reference asset if it appreciates significantly in value. However, the OTM call options will cap the Fund’s losses only to the extent that the value of the underlying reference asset increases to a level that is at or above the strike level of the purchased OTM call options. Any increase in the value of the underlying reference asset to a level that is below the strike level of the purchased OTM call options will result in a corresponding loss for the Fund. For example, if the OTM call options have a strike level that is approximately 100% above the then-current value of the underlying reference asset at the time of the call option purchase, and the value of the underlying reference asset increases by at least 100% during the term of the purchased OTM call options, the Fund will lose all its value. Since the Fund bears the costs of purchasing the OTM calls, such costs will decrease the Fund’s value and/or any income otherwise generated by the Fund’s investment strategy.

Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”). In a transaction involving cleared derivatives, the Fund’s counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house (“clearing members”) can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members.

Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying reference asset, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current income. There is no assurance that the Fund will make a distribution in any given period. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings.

Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.

New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

Price Participation Risk. The Fund employs an investment strategy that includes the sale of put option contracts, which limits the degree to which the Fund will participate in decreases in value experienced by the underlying reference asset over the Put Period.

Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, for any Fund that focuses on an individual security (e.g., TSLA, COIN, NVDA, MSTR), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole. Inflation Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.

Risk Disclosures (applicable only to CHPY)

Semiconductor Industry Risk. Semiconductor companies may face intense competition, both domestically and internationally, and such competition may have an adverse effect on their profit margins. Semiconductor companies may have limited product lines, markets, financial resources or personnel. Semiconductor companies’ supply chain and operations are dependent on the availability of materials that meet exacting standards and the use of third parties to provide components and services.

The products of semiconductor companies may face obsolescence due to rapid technological developments and frequent new product introduction, unpredictable changes in growth rates and competition for the services of qualified personnel. Capital equipment expenditures could be substantial, and equipment generally suffers from rapid obsolescence. Companies in the semiconductor industry are heavily dependent on patent and intellectual property rights. The loss or impairment of these rights would adversely affect the profitability of these companies.

Risk Disclosures (applicable only to YQQQ)

Index Overview. The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization.

Index Level Appreciation Risk. As part of the Fund’s synthetic covered put strategy, the Fund purchases and sells call and put option contracts that are based on the Index level. This strategy subjects the Fund to certain of the same risks as if it shorted the Index, even though it does not. By virtue of the Fund’s indirect inverse exposure to changes in the Index level, the Fund is subject to the risk that the Index level increases. If the Index level increases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses. The Fund may also be subject to the following risks: innovation and technological advancement; strong market presence of Index constituent companies; adaptability to global market trends; and resilience and recovery potential.

Index Level Participation Risk. The Fund employs an investment strategy that includes the sale of put option contracts, which limits the degree to which the Fund will benefit from decreases in the Index level experienced over the Put Period. This means that if the Index level experiences a decrease in value below the strike level of the sold put options during a Put Period, the Fund will likely not experience that increase to the same extent and any Fund gains may significantly differ from the level of the Index losses over the Put Period. Additionally, because the Fund is limited in the degree to which it will participate in decreases in value experienced by the Index level over each Put Period, but has significant negative exposure to any increases in value experienced by the Index level over the Put Period, the NAV of the Fund may decrease over any given period. The Fund’s NAV is dependent on the value of each options portfolio, which is based principally upon the inverse of the performance of the Index level. The Fund’s ability to benefit from the Index level decreases will depend on prevailing market conditions, especially market volatility, at the time the Fund enters into the sold put option contracts and will vary from Put Period to Put Period. The value of the options contracts is affected by changes in the value and dividend rates of component companies that comprise the Index, changes in interest rates, changes in the actual or perceived volatility of the Index and the remaining time to the options’ expiration, as well as trading conditions in the options market. As the Index level changes and time moves towards the expiration of each Put Period, the value of the options contracts, and therefore the Fund’s NAV, will change. However, it is not expected for the Fund’s NAV to directly inversely correlate on a day-to-day basis with the returns of the Index level. The amount of time remaining until the options contract’s expiration date affects the impact that the value of the options contracts has on the Fund’s NAV, which may not be in full effect until the expiration date of the Fund’s options contracts. Therefore, while changes in the Index level will result in changes to the Fund’s NAV, the Fund generally anticipates that the rate of change in the Fund’s NAV will be different than the inverse of the changes experienced by the Index level.

YieldMax® ETFs are distributed by Foreside Fund Services, LLC. Foreside is not affiliated with Tidal Financial Group, or YieldMax® ETFs.

The MIL Network –

June 25, 2025

MIL-OSI: YieldMax® ETFs Announces Distributions on ULTY, CONY, AMDY, LFGY, YMAX, and Others

Source: GlobeNewswire (MIL-OSI)

CHICAGO and MILWAUKEE and NEW YORK, June 25, 2025 (GLOBE NEWSWIRE) — YieldMax® today announced distributions for the YieldMax® Weekly Payers and Group C ETFs listed in the table below.

ETF Ticker¹	ETF Name	Distribution Frequency	Distribution per Share	Distribution Rate^2,⁴	30-Day SEC Yield³	ROC⁵	Ex-Date & Record Date	Payment Date
CHPY	YieldMax® Semiconductor Portfolio Option Income ETF	*Weekly*	$0.3767	35.95%	0.38%	96.83%	6/26/25	6/27/25
GPTY	YieldMax® AI & Tech Portfolio Option Income ETF	*Weekly*	$0.3140	34.48%	0.00%	100.00%	6/26/25	6/27/25
LFGY	YieldMax® Crypto Industry & Tech Portfolio Option Income ETF	*Weekly*	$0.4836	63.08%	0.00%	100.00%	6/26/25	6/27/25
QDTY	YieldMax® Nasdaq 100 0DTE Covered Call ETF	*Weekly*	$0.1188	14.23%	0.00%	100.00%	6/26/25	6/27/25
RDTY	YieldMax® R2000 0DTE Covered Call ETF	*Weekly*	$0.2035	22.95%	0.89%	100.00%	6/26/25	6/27/25
SDTY	YieldMax® S&P 500 0DTE Covered Call ETF	*Weekly*	$0.1151	13.52%	0.00%	100.00%	6/26/25	6/27/25
ULTY	YieldMax® Ultra Option Income Strategy ETF	*Weekly*	$0.0923	76.38%	0.00%	100.00%	6/26/25	6/27/25
YMAG	YieldMax® Magnificent 7 Fund of Option Income ETFs	*Weekly*	$0.1574	53.77%	66.50%	94.21%	6/26/25	6/27/25
YMAX	YieldMax® Universe Fund of Option Income ETFs	*Weekly*	$0.1548	59.01%	88.53%	94.96%	6/26/25	6/27/25
ABNY	YieldMax® ABNB Option Income Strategy ETF	Every 4 weeks	$0.3232	35.66%	2.97%	92.90%	6/26/25	6/27/25
AMDY	YieldMax® AMD Option Income Strategy ETF	Every 4 weeks	$0.4629	71.65%	3.09%	96.14%	6/26/25	6/27/25
CONY	YieldMax® COIN Option Income Strategy ETF	Every 4 weeks	$0.5354	73.35%	3.53%	96.71%	6/26/25	6/27/25
CVNY	YieldMax® CVNA Option Income Strategy ETF	Every 4 weeks	$1.7084	51.44%	2.81%	96.68%	6/26/25	6/27/25
FIAT	YieldMax® Short COIN Option Income Strategy ETF	Every 4 weeks	$0.1536	54.32%	2.93%	92.85%	6/26/25	6/27/25
HOOY	YieldMax® HOOD Option Income Strategy ETF	Every 4 weeks	$6.5030	–	–	99.92%	6/26/25	6/27/25
MSFO	YieldMax® MSFT Option Income Strategy ETF	Every 4 weeks	$0.4848	34.76%	3.13%	92.03%	6/26/25	6/27/25
NFLY	YieldMax® NFLX Option Income Strategy ETF	Every 4 weeks	$0.4303	29.37%	2.98%	90.80%	6/26/25	6/27/25
PYPY	YieldMax® PYPL Option Income Strategy ETF	Every 4 weeks	$0.3297	33.10%	3.41%	92.95%	6/26/25	6/27/25
Weekly Payers & Group D ETFs scheduled for next week: CHPY GPTY LFGY QDTY RDTY SDTY ULTY YMAG YMAX AIYY AMZY APLY DISO MSTY SMCY WNTR XYZY YQQQ