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ETF Managers Group closes restaurant ETF

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ETF Managers Group is to close The Restaurant ETF (NASDAQ: BITE) based on an ongoing review of its offerings and market demand.

Effective immediately, BITE will increase its cash holdings in contemplation of liquidation and will no longer accept creation orders.
 
Trading will be suspended on Nasdaq at the closing of the market on 22 December 2016. Proceeds of the liquidation will be sent to shareholders on or about 23 December 2016.

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