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Amplify ETFs to liquidate Amplify YieldShares Senior Loan and Income ETF


Amplify ETFs has announced the scheduled liquidation of the Amplify YieldShares Senior Loan and Income ETF (YESR).

Based upon the recommendation of Amplify Investments LLC, the Fund’s investment adviser, the Board of Trustees of the Amplify ETF Trust unanimously determined that it was in the best interests of the Fund and its shareholders to liquidate the Fund.
Shareholders may sell their holdings in YESR prior to the end of the trading day on 4 October 2018. Customary brokerage charges may apply to these transactions. The fund will cease trading at the end of the trading day on that date and the shares will subsequently be de-listed as of 5 October 2018.
No new creation units will be sold after that time, and the Fund will liquidate on or around 19 October 2018. Any person holding shares in the fund as of the liquidation date will receive a cash redemption amount equal to the net asset value of their shares as of that date. Shareholders generally will recognise a capital gain or loss on any redemption. The fund may pay one or more dividends or other distributions prior to or along with any redemption payment.
Amplify Investments will bear all fees and expenses that may be incurred in connection with the liquidation of the fund and the distribution of cash proceeds to investors, other than brokerage fees and other related expenses.

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