Columbia Threadneedle is to liquidate the Columbia Beyond BRICs ETF (BBRC), Columbia EM Quality Dividend ETF (HILO), Columbia India Infrastructure ETF (INXX) and Columbia India Small Cap ETF (SCIN).
The respective assets of the funds will be liquidated to shareholders on or about 21 June, 2019
The last date for authorized participants to transact in creation units of Columbia Beyond BRICs ETF, Columbia EM Quality Dividend ETF, Columbia India Infrastructure ETF and Columbia India Small Cap ETF (the Liquidating ETFs) will be 14 June, 2019.
The last day of trading in shares of the Liquidating ETFs on the NYSE Arca exchange is expected to be 14 June, 2019, after which the Liquidating ETFs will no longer engage in any business activities except for the purpose of winding up their business affairs, including selling portfolio assets to raise cash for the liquidations, discharging or making reasonable provision for the payment of all their liabilities, and liquidating and distributing their respective remaining assets to Liquidating ETF shareholders.
Shareholders may sell their shares on or before 14 June, 2019 and may incur customary brokerage charges. Shareholders who do not sell their shares on or before 14 June, 2019 will receive cash equal to the amount of the net asset value of their respective shares as of the close of business on 21 June, 2019, which is the date the liquidating distributions are expected to be paid (the Distribution Date). While shareholders’ proportionate interests (ie, the number of ETF shares owned) in a Liquidating ETF is fixed as of the close of business on 14 June, 2019, the value of that interest may fluctuate, including decline, through the Distribution Date. The liquidation distributions will be made in cash. The Liquidating ETFs’ investment manager will bear all out-of-pocket expenses incurred on behalf of each Liquidating ETF attributable to their liquidations.