Bringing you live news and features since 2006 

Amplify ETFs to liquidate Amplify YieldShares Senior Loan and Income ETF

RELATED TOPICS​

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.

Latest News

BlackRock's iShares, an undisputed leader among European ETF issuers, pushed further ahead in Q1 with EUR173 billion in trades, triple..
European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..

Related Articles

etf active trading
Latest Morningstar data shows actively managed ETFs’ share of the US ETF market rose to 8.5 per cent at the...
Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
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...
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