IndexIQ Announces Change to ETF Lineup

Rhea-AI Summary

IndexIQ to liquidate IQ U.S. Small Cap ETF (CSML) with proceeds to be distributed to shareholders. Liquidation to occur after market close on April 22, 2024.

NEW YORK--(BUSINESS WIRE)-- IndexIQ today announced plans to liquidate the IQ U.S. Small Cap ETF (CSML) (the “Fund”).

The Fund will cease trading and no longer accept creation or redemption orders after market close on April 22, 2024. Proceeds of the liquidation are expected to be sent to shareholders on or about April 29, 2024.

About IndexIQ

IndexIQ is a New York Life Investments' platform of exchange-traded funds (ETFs) with over a decade of offering highly differentiated and innovative solutions to retail and institutional investors. IndexIQ leverages the asset management capabilities of New York Life Investments' multi-boutique platform into its suite of offerings which include: fixed income, equities, alternatives, ESG components and specialty asset classes. For additional information on IndexIQ, visit https://www.newyorklifeinvestments.com/etf or follow us on Twitter or LinkedIn.

All investments are subject to risk and will fluctuate in value.

Consider the Funds' investment objectives, risks, charges and expenses carefully before investing. The prospectus and the statement of additional information include this and other relevant information about the Funds and are available by visiting IQetfs.com or calling (888) 474-7725. Read the prospectus carefully before investing.

IndexIQ^® is an indirect wholly owned subsidiary of New York Life Investment Management Holdings LLC and serves as the advisor to the IndexIQ ETFs. ALPS Distributors, Inc. (ALPS) is the principal underwriter of the ETFs, and NYLIFE Distributors LLC is a distributor of the ETFs. NYLIFE Distributors LLC is located at 30 Hudson Street, Jersey City, NJ 07302. ALPS Distributors, Inc. is not affiliated with NYLIFE Distributors LLC. “New York Life Investments” is both a service mark, and the common trade name, of the investment advisors affiliated with New York Life Insurance Company.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240401837492/en/

For additional information about IndexIQ, please contact:

New York Life Investments

Sara Guenoun

sara_j_guenoun@newyorklife.com

Craft & Capital

Chris Sullivan

chris@craftandcapital.com

Source: IndexIQ

FAQ

When will the IQ U.S. Small Cap ETF (CSML) be liquidated?

The IQ U.S. Small Cap ETF (CSML) will be liquidated after market close on April 22, 2024.

What will happen to the Fund after liquidation?

The Fund will cease trading and no longer accept creation or redemption orders.

How will the proceeds of the liquidation be distributed?

The proceeds of the liquidation are expected to be sent to shareholders.