Bringing you live news and features since 2006 

Calamos to close Focus Growth ETF


Calamos Investments is to close the Calamos Focus Growth ETF, effective 1 August 2016.

The last date for authorised participants to create units in the fund will be 1 August 2016 and the last date to redeem shares will be on or before 4:00 PM EST on 1 August.
The proportionate interests of the shareholders in the net assets of the fund will be fixed on the basis of their respective share holdings at the close of business on 1 August.   
The last day of trading for the fund on the NASDAQ Global Market is expected to be 1 August. During the period between 1 August and the completed liquidation of the fund, the fund's affairs shall be wound up and its securities and other assets shall be sold for cash or cash equivalents.
The fund intends to declare and pay any dividends required to distribute its investment company taxable income, net capital gains, and net tax-exempt income accrued in the fund's current taxable year or any in any prior taxable year in which the fund is eligible to declare and pay a dividend. These dividends will be taxable to shareholders who do not hold their shares in a tax-advantaged account such as an IRA or 401(k). 
Calamos says that shareholders should check with their investment professional and tax professional regarding the potential impact of the fund's liquidation to their individual financial plan and tax situation.

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by