Defiance Announces Fund Closure

Rhea-AI Summary

Defiance ETFs has announced the immediate closure and liquidation of the Defiance Next Gen Big Data ETF (NYSE: BIGY), effective after the close of business on April 29, 2022. This decision follows a review of the Fund's growth prospects. The final trading day for the Fund will be April 28, 2022, with shareholders automatically redeemed for cash based on the Fund's net asset value if they do not sell their shares by the deadline. Shareholders are advised to consult tax advisors regarding the consequences of liquidation.

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• None.

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• The Defiance Next Gen Big Data ETF is being closed and liquidated, indicating a lack of growth prospects.
• Shareholders may face automatic redemption of their shares, potentially resulting in tax implications.

MIAMI--(BUSINESS WIRE)-- Defiance ETFs announced today that the Board of Trustees of ETF Series Solutions (the "Trust") has determined to close and liquidate the Defiance Next Gen Big Data ETF (NYSE: BIGY) (the "Fund") effective immediately after the close of business on April 29, 2022. Defiance ETFs recommended the liquidation and closure of the Fund after consideration of the Fund's prospects for growth, among other factors.

The Fund's last day of trading will be April 28, 2022, which will also be the final day for creation unit orders by authorized participants. The Fund will conclude operations and distribute the remaining proceeds to shareholders promptly after April 29, 2022. Shareholders who do not sell their Fund shares by this date will have their shares automatically redeemed for cash based on the Fund's net asset value (NAV). Customary brokerage charges may apply to transactions to sell Fund shares. Shareholders should contact their tax advisor to discuss the income tax consequences of the liquidation.

For additional information, please call 1-833-333-9383.

The Fund's investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus and summary prospectus contain this and other important information about the investment company. The prospectus can be obtained by calling 1-833-333-9383 Please read it carefully before investing.

Investing involves risk. Principal loss is possible.

A commission may apply when buying or selling an ETF.

Defiance ETFs are distributed by Foreside Fund Services, LLC.

Related Links
https://defianceetfs.com

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Defiance ETFs

1-833-333-939

info@defianceetfs.com

Source: Defiance ETFs

FAQ

When will the Defiance Next Gen Big Data ETF (BIGY) close?

The Defiance Next Gen Big Data ETF (BIGY) will close after the close of business on April 29, 2022.

What is the last trading day for BIGY?

The last trading day for the Defiance Next Gen Big Data ETF (BIGY) is April 28, 2022.

What happens to my shares if I don't sell BIGY by the closing date?

If you do not sell your BIGY shares by April 28, 2022, they will be automatically redeemed for cash based on the Fund's net asset value.

Why is BIGY being liquidated?

BIGY is being liquidated due to considerations of the Fund's growth prospects and overall performance.

Who should I contact for more information about BIGY's liquidation?

For more information about BIGY's liquidation, you can call 1-833-333-9383.