The Columbia Large Cap Growth ETF (RPX), Columbia Select Large Cap Growth ETF (RWG) and Columbia Select Large Cap Value ETF (GVT), are all to close with their respective assets due to liquidated to shareholders on or about 8 February, 2016.
The Columbia Core Bond ETF (NYSE Arca: GMTB) and Columbia Intermediate Municipal Bond ETF (GMMB) will continue to be offered.
The last date for authorised participants to purchase or redeem creation units of the three ETFs, which are all distributed by ALPS Distributors, will be 28 January, 2016.
The last day of trading for the liquidating ETFs on the NYSE Arca (the cessation date) is expected to be 28 January, 2016, after which the Liquidating ETFs will no longer engage in any business activities except for the purpose of winding up their business affairs, including to sell portfolio assets to raise cash for the liquidations (which may take a week or more), discharging or making reasonable provision for the payment of all their liabilities and liquidating and distributing their respective remaining assets to Liquidating ETF shareholders.
The proportionate interests of the shareholders in the net assets of each of the Liquidating ETFs (ie the number of ETF shares each investor owns) will be fixed on the basis of their respective ETF share holdings at the close of business on 28 January, 2016.
On or about 8 February, 2016 (the Distribution Date), the Liquidating ETFs will make to remaining shareholders a liquidating distribution equal to the shareholder’s proportionate interest in the net assets of the particular Liquidating ETF. While shareholders’ proportionate interest (ie the number of ETF shares owned) in a Liquidating ETF is fixed as of the close of business on 28 January, 2016, the value of that interest may fluctuate, including decline, through the Distribution Date. The liquidation distributions will be made in cash or cash equivalents.
