Bringing you live news and features since 2006 

Dhandho Funds to close and liquidate the Dhandho Junoon ETF

RELATED TOPICS​

The Board of Trustees of the Cambria ETF Trust is to close and liquidate the Dhandho Junoon ETF. Cambria Investment Management (Cambria) serves as the investment advisor to the Fund. Dhandho Funds serves as the sponsor and index provider of the Fund.

The Fund will be closed to orders for new creation units as of 19 June, 2017, and the last day of trading of the Fund’s shares on the NYSE Arca will be 26 June, 2017. From close of trading on June 26, 2017 through the Liquidation Date, shareholders may only be able to sell their shares to certain broker-dealers, and there is no assurance that there will be a market for Fund shares during that time period. Customary brokerage charges may apply to such transactions. The Fund will liquidate on or around 30 June, 2017 (the “Liquidation Date”). For ordinary income distribution, ex-date will be 26 June, 2017, record date will be 28 June, 2017 and pay date will be 29 June, 2017.
 
On or about 19 June, 2017, the Fund will be liquidating its portfolio assets. This will cause the Fund to increase its cash holdings and deviate from the investment objective and strategies stated in the Fund’s prospectus.
 
On or about the Liquidation Date, the Fund will liquidate its assets and distribute cash pro rata to all remaining shareholders. These distributions are taxable events. In addition, these payments to shareholders will include accrued capital gains and dividends, if any. As calculated on the Liquidation Date, the Fund’s net asset value will reflect the costs of closing the Fund. Once distributions are complete, the Fund will terminate.

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
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