Janus Henderson Investors Announces Changes to ETF Line-Up

Rhea-AI Summary

Janus Henderson Group plc (NYSE: JHG) announced the liquidation of The Long-Term Care ETF (NASDAQ: OLD) following a review of its exchange-traded products. The fund will halt accepting creation orders on October 11, 2021, and trading will be suspended on October 12, 2021. Shareholders can expect liquidation proceeds around October 15, 2021. Janus Henderson remains a prominent active asset manager with approximately US$405 billion in assets under management as of March 31, 2021.

Positive

• Maintains strong asset management with approximately US$405 billion in assets.
• Continued commitment to strategic review of product offerings.

Negative

• Closure of Long-Term Care ETF indicates potential weaknesses in product performance.
• Investor uncertainty surrounding the liquidation process and its implications.

Janus Henderson Group plc (NYSE: JHG) today announced plans to close and liquidate The Long-Term Care ETF (NASDAQ: OLD) as a result of a standard review of the firm’s exchange-traded product line-up.

Ticker	ETF Name	Inception Date
OLD	The Long-Term Care ETF	6/8/16

Subject to applicable law, the Fund will no longer accept creation orders after the close of business on October 11, 2021. Trading in the Fund will be halted before the market opens on October 12, 2021. Proceeds from the liquidation are currently planned to be distributed on or about October 15, 2021, to shareholders of record as of October 14, 2021.

About Janus Henderson

Janus Henderson is a leading global active asset manager dedicated to helping investors achieve long-term financial goals through a broad range of investment solutions, including equities, fixed income, quantitative equities, multi-asset and alternative asset class strategies.

As of March 31, 2021, Janus Henderson had approximately US$405 billion in assets under management, more than 2,000 employees and offices in 25 cities worldwide. Headquartered in London, the company is listed on the New York Stock Exchange (NYSE) and the Australian Securities Exchange (ASX).

Janus Capital Management LLC is the investment adviser and ALPS Distributors, Inc. is the distributor. ALPS is not affiliated with Janus Henderson or any of its subsidiaries.

Janus Henderson is a trademark of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210723005007/en/

FAQ

What is the reason for the liquidation of The Long-Term Care ETF by JHG?

The liquidation is a result of a standard review of Janus Henderson's exchange-traded product line-up.

When will trading halt for The Long-Term Care ETF (OLD)?

Trading will be halted before the market opens on October 12, 2021.

What will happen to the proceeds from the liquidation of The Long-Term Care ETF?

Proceeds from the liquidation are expected to be distributed to shareholders on or about October 15, 2021.

How much assets does Janus Henderson Group plc (JHG) manage?

As of March 31, 2021, Janus Henderson managed approximately US$405 billion in assets.

What is the ticker symbol for Janus Henderson Group plc?

The ticker symbol for Janus Henderson Group plc is JHG.