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ALPS Advisors to close EQLT ETF

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ALPS Advisors is to close the Workplace Equality Portfolio ETF (EQLT) to new investors on 25 April 2019, and liquidate on 29 April 2019.

The decision to close the Fund was made by the ALPS ETF Trusts Board of Trustees after consultation with ALPS Advisors, Inc., the investment adviser to the Fund. On consideration of the Funds’ inability to attract significant market interest since the Funds’ inception, its future viability as well as prospects for growth of the Funds’ assets in the foreseeable future, the Board determined that it was in the best interests of the Fund and its shareholders to liquidate the Funds shares, which are listed on the NYSE ARCA. The last day of trading for the Fund is scheduled to be Friday, 26 April, 2019.
 
The Fund will immediately begin the process of closing down and liquidating its portfolio, which will increase the Funds cash holdings notwithstanding the Funds’ investment objective and strategies. From 5 March 2019 to 26 April 2019, shareholders may be able to sell their shares of the Fund, but there can be no assurance that there will be a market for the Funds shares.
 
Any person holding shares in the Fund as of the liquidation date will receive a cash distribution equal to the net asset value of their shares. Shareholders receiving this cash distribution will not incur transaction fees in connection with this distribution or the liquidation of their shares in the Fund. A portion of the distribution may represent an ordinary income dividend or a capital gain distribution.

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