Bringing you live news and features since 2006 

Columbia Sustainable Global Equity Income ETF to close and liquidate

RELATED TOPICS​

Columbia Sustainable Global Equity Income ETF will now close and liquidate its assets on or about 26 March, 2020, as further discussed below.The last date for authorised participants to transact in creation units of Columbia Sustainable Global Equity Income ETF (the Liquidating ETF) will be 20 March, 2020.

The last day of trading in shares of the Liquidating ETF on NYSE Arca exchange is expected to be 20 March, 2020, after which the Liquidating ETF will no longer engage in business activities except for the purpose of winding down its affairs, including selling portfolio assets to raise cash for the liquidation, discharging or making reasonable provision for the payment of all of its liabilities and distributing its remaining assets to Liquidating ETF shareholders. This process will result in the Liquidating ETF not tracking its underlying index and increasing its cash holdings, which may not be consistent with the Liquidating ETF’s investment objective and principal investment strategies.

Shareholders may sell their shares on or before March 20, 2020 and may incur customary brokerage charges. Shareholders who do not sell their shares on or before 20 March, 2020 will receive cash equal to the amount of the net asset value of their shares as of the close of business on 24 March, 2020. The liquidating distribution is expected to be paid on or about 26 March, 2020 (the Distribution Date). While shareholders’ proportionate interests (ie, the number of ETF shares owned) in the Liquidating ETF is fixed as of the close of business on 20 March, 2020, the value of that interest may fluctuate, including decline, through the Distribution Date. The liquidating distributions will be made in cash. The Liquidating ETF’s investment manager will bear all out-of-pocket expenses incurred on behalf of the Liquidating ETF attributable to its liquidation.

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
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