ALPS ETF Trust to Liquidate 2 ETFs (CRBA, CRBI)
ALPS ETF Trust announced today the scheduled liquidation of the Jefferies | TR/J CRB Global Agriculture Equity Index Fund (NYSEArca:CRBA) and Jefferies | TR/J CRB Global Industrial Metals Equity Index Fund (NYSEArca:CRBI) (collectively, the “Funds”). The Funds will close to new investors on December 22, 2011 and will liquidate on December 28, 2011.
ALPS ETF Trust’s Board of Trustees’ decision was made after consultation with ALPS Advisors, Inc., the investment advisor to the funds.
The Board considered current market conditions as well as prospects for growth in the Funds’ assets in the foreseeable future. The Board determined that it was advisable and in the best interests of the Funds and their shareholders to liquidate the Funds, which are listed for trading on NYSE Arca, Inc. (the “NYSE Arca”).
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Thursday, December 22, 2011, is scheduled to be the last day of trading for the shares of the Funds on NYSE Arca. Beginning immediately through December 27, 2011, the Funds will be in the process of closing down and liquidating their portfolios. This process will result in the Funds not tracking their underlying indexes and their cash holdings increasing, which may not be consistent with the Funds’ investment objectives and strategies. From December 23, 2011 to December 27, 2011, shareholders may be able to sell their shares to certain broker-dealers, but there can be no assurance that there will be a market for the Funds. Any person holding shares in the Funds as of the liquidation date of December 28, 2011 will receive a cash distribution equal to the net asset value of their shares as of that date. Shareholders receiving this cash distribution will not incur transaction fees in connection with this distribution or the liquidation of their shares in the Funds. However, a portion of the distribution may represent an ordinary income dividend or a capital gain distribution.
For additional information about the liquidation shareholders of the Funds may call ALPS Distributors, Inc. at 1.877.526.9298 or go to the ALPS ETF Trust website: http://www.alpsfunds.com.
An investor should consider each ETF’s investment objectives, risks, charges and expenses of the ETFs carefully before investing. To obtain a prospectus, which contains this and other information, call 1.877.526.9298. Read the prospectus carefully before investing.
All ETFs are subject to risk, including possible loss of principal. Sector ETF products are also subject to sector risk and non-diversification risk, which will result in greater price fluctuations than the overall market.
Shares of ALPS ETF Trust Funds are distributed by ALPS Distributors, Inc.
About ALPS
A wholly owned subsidiary of DST Systems, Inc., headquartered in Denver with offices in Boston, New York, and Seattle, ALPS is a 26-year-old financial services firm focused on asset servicing and asset gathering. With more than 300 employees, nearly 200 clients, and an executive team that has been in place for over 17 years, ALPS continues to actively promote all of its various business segments, from asset servicing through ALPS Fund Services, Inc. to asset gathering through ALPS Distributors, Inc. and ALPS Advisors, Inc. As of September 30, 2011, the firm managed more than $3.96 billion in assets and provided servicing to more than $280 billion in client assets. For more information about ALPS and the services available, visit www.alpsinc.com. For additional information about ALPS products, visit www.alpsfunds.com.
DST Systems, Inc.
DST Systems, Inc. provides sophisticated information processing solutions and services to support the global asset management, insurance, retirement, brokerage, and healthcare industries. In addition to technology products and services, DST also provides integrated print and electronic statement and billing solutions through DST Output. DST’s world-class data centers provide technology infrastructure support for asset management, insurance and healthcare companies around the globe. Headquartered in Kansas City, MO., DST is a publicly traded company on the New York Stock Exchange.
Contacts
ALPS Distributors, Inc.
Tom Carter, 303-623-2577
President
tom.carter@alpsinc.com
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