Feb 5, 4:36 PM ET
Fidelity Solana Fund names Craig S. Brown treasurer, plans quarterly staking payouts
Heather Bonner resigned as Treasurer of the fund's sponsor, FD Funds Management LLC, effective February 2, 2026, and Craig S. Brown took over the role, with the filing saying her resignation was not due to any disagreement. The fund also said it intends to make quarterly cash distributions of net staking income, with an initial distribution expected around February 17, 2026, but the sponsor may modify, suspend, or end distributions at any time and the fund may sell staking rewards or SOL to fund them.
- Heather Bonner ceased serving as Treasurer (Principal Financial and Accounting Officer) of FD Funds Management LLC effective February 2, 2026
- Craig S. Brown, a Fidelity Investments Vice President since 2015, became Treasurer effective February 2, 2026
- Initial distribution expected on or about February 17, 2026, to shareholders of record as of February 13, 2026
- Distributions are not guaranteed and may be sold from staking rewards and/or a portion of SOL, which may affect SOL exposure and share price or net asset value