Sadly, no it doesn't. The chlorophyll remains. That only evaporates the alcohol and concentrates the remaining chlorophyll. That's why you do a lossy extraction with alcohol initially because it's really effective in pulling chlorophyll. Possibly you are confusing that with the plant metabolizing it's chlorophyll after death which is what makes a slow dry preferable so you don't get that hay smell/taste?you may allready know this, but if you leave the tincture out in the sun for a day, it gets rid of the chlorafile sp?
I'm sure there are ways to remove chlorophyll via specific extraction but I only have 3 1/2 years of college chem and I stopped after biochem and only took the pharmacodynamics classes required in grad school after that. But that requires lab equipment beyond a mere undergrad's touch, pissed me off too we couldn't even bring a snack into lab and they used their equipment to make entire meals!