ETF Managers Group Announces Closure of ETF
SUMMIT, N.J.–(BUSINESS WIRE[1])–ETF Managers Group LLC (“ETFMG”) announced today that the Board of
Trustees of the ETF Managers Trust has decided to close the Spirited
Funds/ETFMG Whiskey & Spirits ETF (WSKY) based on an ongoing review of
market demand. Effective immediately, WSKY will increase its cash
holdings in contemplation of liquidation and will no longer accept
creation orders.
Trading will be suspended on the NYSE Arca at the closing of the market
on June 15, 2018. Proceeds of the liquidation are scheduled to be sent
to shareholders on or before June 20, 2018. For additional information,
shareholders can visit www.spiritedfunds.com[2].
About ETFMG
ETFMG is a provider of exchange-traded funds (ETFs) helping investors
conveniently access global thematic investments, commodity and futures
exposures, and other unique strategies spanning ESG to artificial
intelligence. We partner with asset managers and index providers that
look thoroughly at the challenges and opportunities in the market. For
more information, please visit www.etfmg.com[3].
Before investing, carefully consider the Fund’s investment
objectives, risk factors, charges, and expenses before investing. This
and additional information can be found in the Fund’s prospectus, which
may be obtained by calling 1-844-ETF-MGRS (1-844-383-6477), or by
visiting www.spiritedfunds.com[4].
Investing involves risk, including the possible loss of principal.
Shares of any ETF are bought and sold at market price (not NAV), may
trade at a discount or premium to NAV and are not individually redeemed
from the Fund. Brokerage commissions will reduce returns. Narrowly
focused investments typically exhibit higher volatility.
The fund is distributed by ETFMG Financial LLC, a FINRA registered
broker-dealer, which is not affiliated with Spirited Funds LLC.
References
- ^ BUSINESS WIRE (www.businesswire.com)
- ^ www.spiritedfunds.com (cts.businesswire.com)
- ^ www.etfmg.com (cts.businesswire.com)
- ^ www.spiritedfunds.com (cts.businesswire.com)
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