ALPS Advisors is to ask shareholders of record as of 19 December 2018 of the Sprott Gold Miners ETF (SGDM) and Sprott Junior Gold Miners ETF (SGDJ), each a series of ALPS ETF Trust, to approve a reorganisation of their respective Funds into newly-created exchange-traded funds (ETFs) of the Sprott ETF Trust.
The proposed reorganisations of the funds will allow shareholders the opportunity to continue investing in corresponding new ETFs with the same names and substantially the same investment objectives, investment strategies, policies and risks as the Funds, except with respect to the underlying index tracked by each Fund. The change of indices will not be effective until after the closing of the reorganisations.
If approved by shareholders, the proposed reorganisations are expected to close on or around 15 February 2019.
