Welcome to our dedicated page for Sterling Capital Diverse Mlt Mgr Atv ETF news (Ticker: DEIF), a resource for investors and traders seeking the latest updates and insights on Sterling Capital Diverse Mlt Mgr Atv ETF stock.
Sterling Capital Diverse Multi-Manager Active ETF (Symbol: DEIF) is a comprehensive, actively managed exchange-traded fund that strives to deliver superior returns through a diverse portfolio of investments managed by a team of seasoned professionals at Sterling Capital Management LLC. Established in 1970, Sterling Capital Management is a reputable institutional investment management firm, operating as a subsidiary of Truist Financial Corporation and headquartered in Charlotte, North Carolina.
The DEIF Fund aims to provide investors with exposure to a variety of asset classes, combining the expertise of multiple managers to balance risk and return effectively. Despite its strategic and robust framework, the DEIF Fund has faced challenges in attracting sufficient investment assets, prompting the Board of Trustees of the Northern Lights Fund Trust IV to approve an orderly liquidation of the Fund.
The Fund's shares will cease trading on the New York Stock Exchange (NYSE) on January 3, 2024, marking the last day for creation units from authorized participants. Shareholders have the option to sell their holdings before this date, though customary brokerage charges may apply. Following this, the DEIF Fund will embark on a structured closure and liquidation process, culminating in the distribution of liquidation proceeds to shareholders on January 12, 2024.
During the liquidation period, the Fund will shift its portfolio towards increased cash holdings, deviating from its original investment objectives outlined in its prospectus. Shareholders remaining on the Liquidation Date will receive cash equivalent to the net asset value of their shares, inclusive of any capital gains and dividends. This event may have tax implications, and shareholders are advised to consult with their tax advisors for personalized advice.
Sterling Capital Management LLC continues to uphold its commitment to providing comprehensive investment advisory services, specializing in fixed income, concentrated active equity, and multi-asset solutions through various platforms. Despite the closure of the DEIF Fund, Sterling Capital remains a trusted name in the investment management industry, recognized for its dedication to delivering value and performance to its clients.
Truist Financial Corporation (TFC) and Sterling Capital Management have launched the Sterling Capital Diverse Multi-Manager Active ETF (DEIF), aiming to enhance investment opportunities for diverse-owned asset managers. Truist has allocated $100 million to support this ETF's launch. DEIF features three actively managed strategies focusing on U.S. large-cap value, large-cap growth, and mid-cap core, each handled by diverse-owned sub-advisors. The initiative aims to advance diversity, equity, and inclusion in financial services while providing investors access to these strategies.
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