1-for-3 reverse split warning for Defiance ETFs ($JEPY, $QQQY, $IWMY)

For those that have no idea what this means. The price will 3x and you will have 1 share for 3 you own
So if I have 300 shares, after this is done I'll have 100 shares.
This should also mean the dividend 3x as well (but isn't always the case like when $YIELDMAX TSLA OPTION INCOME STRATEGY ETF(TSLY.US)$ did this before its dividend was still reduced by 50% from IPO). So only time will tell what this means for everyone's dividend $DEFIANCE NASDAQ 100 ENHANCED OPTIONS INCOME ETF(QQQY.US)$ $DEFIANCE S&P 500 ENHANCED OPTIONS INCOME ETF(JEPY.US)$