Registration
No.
333-129337
1940
Act File No.
811-21827
Rule
497(e)
ZIEGLER
EXCHANGE TRADED TRUST
________________________________________
Supplement
Dated November 24, 2008
To
Prospectus
Dated March 1, 2008, as Supplemented on November 4, 2008
The
Ziegler Exchange Traded Trust Announces Its Decision to
Liquidate
The
Ziegler Exchange Traded Trust (the “Trust”) announced today that it would close
the NYSE Arca Tech 100 ETF (the “Fund”) to new investment on December 15, 2008.
The Fund will then be liquidated. Shareholders of record remaining on December
24, 2008 will receive cash at the net asset value of their shares as of December
24, 2008, which will include income (including capital gains, if any) recognized
by a Fund up to this date. The Trust’s Board of Trustees determined that closing
the Fund was in the best interests of the Fund and its shareholders because
the
Fund has not gathered sufficient assets to continue its business and operations
in an economically viable manner.
It
is expected that December 15, 2008 will be the last day shares of the Fund
are
listed and traded on NYSE Arca, and the last day on which creation unit
aggregations of Fund shares may be purchased or redeemed. The NYSE Arca will
halt trading in the Fund before the open of trading on December 16, 2008. From
December 16, 2008 until December 25, 2008, the Fund will be in the process
of
closing down and liquidating its portfolio. This process will likely result
in
the Fund not meeting its investment objective of tracking its underlying index
during this period. The Fund will begin distributing its assets for payment
to
shareholders on or about December 26, 2008.
Shareholders
may sell their holdings in the Fund on or prior to December 15, 2008, incurring
a transaction fee from their broker-dealer. From December 16, 2008 until
December 25, 2008, shareholders may not be able to sell their shares, although
it is possible that certain broker-dealers will be willing to purchase them.
While Fund shareholders remaining on December 24, 2008 will not incur
transaction fees in connection with the liquidation payment for their shares,
the net asset value of the Fund will reflect the transaction costs incurred
by
the Fund in liquidating its portfolio. Other costs of closing the Funds will
be
borne by Ziegler Capital Management, LLC. Shareholders will generally recognize
a short-term capital gain or loss equal to the amount received for their shares
over their adjusted basis in such shares.
The
foregoing information supplements the Trust’s prospectus dated March 1, 2008. If
you would like to receive a copy of the prospectus or would like additional
information on the liquidations, call the Trust at
888.798.TECH
(8324), or visiting www.nxt100.com
.
Please
Retain This Supplement For Future Reference