The Board of Trustees (the “Board”) of Simplify Exchange Traded Funds (the “Trust”) has determined that it is in the best interests of shareholders to liquidate the Simplify Tail Risk Strategy ETF (the “Fund”), a series of the Trust, following a recommendation by the Fund’s investment adviser, Simplify Asset Management Inc.

The Board has determined to liquidate the Fund with the liquidation payment to its shareholders expected to take place on or about March 14, 2024 (“Liquidation Date”). After the close of business on March 7, 2024, the Fund will no longer accept creation orders. The last day of trading in the Fund on the NYSE Arca, Inc. will be March 7, 2024. Shareholders who do not sell their shares of the Fund before market close on March 7, 2024 will receive cash equal to the amount of the net asset value of their shares in their brokerage accounts, on or about the Liquidation Date. As calculated on the Liquidation Date, the Fund’s net asset value will reflect any costs of closing the Fund. Once the distributions are complete, the Fund will terminate.

ABOUT SIMPLIFY ASSET MANAGEMENT INC

Simplify Asset Management Inc. is a Registered Investment Adviser founded in 2020 to help advisors tackle the most pressing portfolio challenges with an innovative set of options-based strategies. By accounting for real-world investor needs and market behavior, along with the non-linear power of options, our strategies allow for the tailored portfolio outcomes for which clients are looking. For more information, visit www.simplify.us.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Exchange Traded Funds (ETFs) before investing. To obtain an ETF's prospectus containing this and other important information, please call (855) 772-8488, or visit SimplifyETFs.com. Please read the prospectus carefully before you invest.

Simplify ETFs are distributed by Foreside Financial Services, LLC.

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