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Exchange Traded Concepts has announced the termination and liquidation of the AKROS MONTHLY PAYOUT ETF (NYSE:MPAY). The fund will cease operations and liquidate on April 25, 2025.
Key dates include:
- April 21, 2025: Fund closes to new creation units
- April 22, 2025: Last trading day on NYSE Arca
- April 25, 2025: Final liquidation and cash distribution to shareholders
During the liquidation period, the fund will be managed to facilitate orderly liquidation, potentially deviating from its stated investment strategy. Shareholders may face trading opportunities between April 21-22, with no secondary market trading available thereafter until liquidation. The final distribution will include accrued capital gains and dividends, representing taxable events for shareholders.
