FT. WRIGHT, Ky.,
Dec. 6,
2024 /PRNewswire/ -- The Board of Trustees of ETF
Series Solutions, upon a recommendation from AlphaMark Advisors,
LLC, the investment adviser to the Fund, has determined to close
and liquidate the Fund immediately after the close of business
on December 27, 2024 (the "Liquidation Date"). Shares of
the Fund are listed on the NasdaqGM.
Effective on or about December 19, 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.
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.
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.
Investors should consider the investment objectives,
risks, charges and expenses carefully before investing. For a
prospectus or summary prospectus with this and other information
about the Fund,
visit https://alphamarkadvisors.com/etf/.
Read the prospectus carefully before investing.
An investment in the Fund involves risk, including possible
loss of principal. There is no assurance that the Fund will achieve
its investment objectives.
AlphaMark Advisors LLC is the Advisor to the AlphaMark
Actively Managed Small Cap ETF which is distributed by Quasar
Distributors, LLC.
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SOURCE AlphaMark Advisors LLC
