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AdvisorShares to close EquityPro ETF

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Actively-managed exchange-traded fund sponsor AdvisorShares is to close the AdvisorShares EquityPro ETF (EPRO).

The company’s board of trustees has approved the closing and subsequent liquidation of EPRO.
 
The fund's last day of trading will be 21 October 2016, which will also be the final day for creations or redemptions by authorised participants.
 
The fund will cease operations, withdraw its assets, and distribute the remaining proceeds to shareholders on or after 28 October 2016.

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