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Oppenheimer to close Navellier Overall A-100 Revenue ETF


Oppenheimer Funds is to close and liquidate Navellier Overall A-100 Revenue ETF (RWV).

The final day of trading on the NYSE Arca for shares of the fund will be 15 December 2016.
The fund will cease accepting creation units on 9 December. 
Shareholders may sell their shares on or before market close on 15 December and may incur customary brokerage charges. Shareholders who do not sell their shares on or before 15 December will receive cash equal to the amount of the net asset value of their shares in liquidating distributions. 
These liquidating distributions are expected to be paid on 23 December 2016. Payment may occur prior to or later than this date, and the fund will subsequently be delisted. 
Final tax status of distributions made by the fund, including the liquidation distribution, will be provided to shareholders as part of their year-end tax reporting.

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