Exchange Traded Concepts to Close and Liquidate the BTD Capital Fund ETF (DIP)
Exchange Traded Concepts to Close and Liquidate the BTD Capital Fund ETF (DIP)
OKLAHOMA CITY, May 16, 2024 /PRNewswire/ -- The Board of Trustees of ETF Series Solutions, upon a recommendation from Exchange Traded Concepts, LLC, the investment adviser to the BTD Capital Fund (the "Fund"), has determined to close and liquidate the Fund immediately after the close of business on May 30, 2024 (the "Liquidation Date"). Shares of the Fund are listed on the New York Stock Exchange.
俄克拉荷馬城,2024年5月16日 /PRNewswire/ — 根據BTD資本基金(“基金”)投資顧問交易所交易概念有限責任公司的建議,ETF系列解決方案董事會決定在2024年5月30日營業結束後(“清算日期”)立即關閉並清算該基金。該基金的股票在紐約證券交易所上市。
Effective on or about May 22, 2024, the Fund will begin liquidating its portfolio assets. This will cause the Fund to increase its cash holdings and deviate from the investment objective and strategies stated in the Fund's prospectus.
自2024年5月22日左右起,該基金將開始清算其投資組合資產。這將導致基金增加其現金持有量,並偏離基金招股說明書中規定的投資目標和策略。
The Fund will no longer accept orders for new creation units after the close of business on the business day prior to the Liquidation Date, and trading in shares of the Fund will be halted prior to market open on the Liquidation Date. Prior to the Liquidation Date, shareholders may only be able to sell their shares to certain broker-dealers, and there is no assurance that there will be a market for the Fund's shares during that time period. Customary brokerage charges may apply to such transactions.
在清算日前一個工作日營業結束後,基金將不再接受新創建單位的訂單,基金股票的交易將在清算日開市之前暫停。在清算日之前,股東可能只能將其股票出售給某些經紀交易商,並且無法保證該基金的股票在此期間會有市場。慣常的經紀費用可能適用於此類交易。
On or about the Liquidation Date, the Fund will liquidate its assets and distribute cash pro rata to all remaining shareholders. These distributions are taxable events. Distributions made to shareholders should generally be treated as received in exchange for shares and will therefore generally give rise to a capital gain or loss depending on a shareholder's tax basis. Shareholders should contact their tax advisor to discuss the income tax consequences of the liquidation. As calculated on the Liquidation Date, the Fund's net asset value will reflect the costs of closing the Fund, if any. Once the distributions are complete, the Fund will terminate. Proceeds of the liquidation will be sent to shareholders promptly after the Liquidation Date.
在清算日當天或前後,基金將清算其資產,並按比例向所有剩餘股東分配現金。這些分配是應納稅事件。向股東進行的分配通常應視爲以換取股份而收到的款項,因此,根據股東的納稅基礎,通常會產生資本收益或虧損。股東應聯繫其稅務顧問,討論清算的所得稅後果。根據清算日計算,基金的淨資產價值將反映關閉基金的成本(如果有)。分配完成後,該基金將終止。清算所得將在清算日之後立即發送給股東。
Please retain this Supplement with your Summary Prospectus, Prospectus, and SAI for future reference.
請將本補充文件與招股說明書摘要、招股說明書和SAI一起保留,以備將來參考。
Investors should consider the investment objectives, risks, charges and expenses carefully before investing.
投資者在投資前應仔細考慮投資目標、風險、費用和開支。
For a prospectus or summary prospectus with this and other information about the Fund, please visit our website at . Read the prospectus or summary prospectus carefully before investing.
有關該基金的招股說明書或招股說明書摘要以及其他信息,請訪問我們的網站,網址爲。在投資之前,請仔細閱讀招股說明書或招股說明書摘要。
Investing involves risk, including loss of principal. An investment in the Fund is subject to the following principal risks: Active Management Risk, "Buy the Dip" Risk, Cash and Cash Equivalents Risk, Equity Market Risk, ETF Risks, Investment Company Risk, Large Cap Risk, Models and Data Risk, New Fund Risk, Portfolio Turnover Risk, REIT Investment Risk, and Sector Risk. A full description of these risks is in the prospectus.
投資涉及風險,包括本金損失。本基金的投資受以下主要風險影響:主動管理風險、“逢低買入” 風險、現金和現金等價物風險、股票市場風險、ETF風險、投資公司風險、大型股風險、模型和數據風險、新基金風險、投資組合週轉風險、房地產投資信託基金投資風險和行業風險。這些風險的完整描述見招股說明書。
The Fund is distributed by Quasar Distributors, LLC. Exchange Traded Concepts, LLC (the "Adviser") serves as the Fund's investment adviser. Kaiju ETF Advisors, LLC (the "Sub-Adviser") serves as the Fund's investment sub-adviser.
該基金由Quasar Distributors, LLC分發。交易所交易概念有限責任公司(“顧問”)擔任該基金的投資顧問。Kaiju ETF Advisors, LLC(“次級顧問”)是該基金的投資次級顧問。
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.
ETF的股票是按市場價格(不是資產淨值)買入和賣出的,不能單獨從基金中贖回。經紀佣金將減少回報。
Investment Products and Services:
投資產品和服務:
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
沒有聯邦存款保險公司保險 | 沒有銀行擔保 | 可能會貶值
SOURCE Exchange Traded Concepts, LLC
來源:交易所交易概念有限責任公司
譯文內容由第三人軟體翻譯。