Roundhill Announces Two Fund Closures

Rhea-AI Summary

Roundhill Investments has announced the closure and liquidation of two ETFs: the Roundhill Streaming Services & Technology ETF (SUBZ) and the Roundhill Pro Sports, Media & Apparel ETF (MVP). This decision follows an assessment of growth prospects and will take effect after business on April 8, 2022. By March 23, 2022, the Funds will liquidate their equity positions, and trading will cease on April 6, 2022. Shareholders must sell their shares by the deadline or face automatic redemption for cash at net asset value. Tax implications may apply.

Positive

• The liquidation process allows investors to receive cash based on the funds' net asset value (NAV).

Negative

• The closure indicates poor growth prospects for both ETFs, potentially signaling weak investor interest or market performance.
• Shareholders face automatic cash redemption, which may not align with their investment strategies.

NEW YORK, March 18, 2022 /PRNewswire/ -- Roundhill Investments announced today that the Board of Trustees of Listed Funds Trust (the "Trust") has determined to close and liquidate the Roundhill Streaming Services & Technology ETF (NYSE Arca: SUBZ) and the Roundhill Pro Sports, Media & Apparel ETF (NYSE Arca: MVP) (the "Funds") effective immediately after the close of business on April 8, 2022. Roundhill Investments recommended the liquidation and closure of the Funds after consideration of the Funds' prospects for growth, among other factors.

The Funds are expected to have sold all equity positions and hold approximately all their net assets in cash by the close of business March 23, 2022. Thereafter and until fund liquidation the Fund will no longer achieve their respective investment objectives. The Funds' last day of trading will be April 6, 2022, which will also be the final day for creation unit orders by authorized participants. The Funds will conclude operations and distribute the remaining proceeds to shareholders promptly after April 8, 2022. Shareholders who do not sell their shares by this date will have their shares automatically redeemed for cash based on the Funds' respective net asset value (NAV). Customary brokerage charges may apply to transactions to sell shares. Shareholders should contact their tax advisor to discuss the income tax consequences of the liquidation.

For additional information, please call 1(888) 489-2143.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about Roundhill ETFs please visit the website at https://www.roundhillinvestments.com/etf. Read the prospectus or summary prospectus carefully before investing.

Investing involves risk, including possible loss of principal. A commission may apply when buying or selling an ETF.

Roundhill Financial Inc serves as the investment advisor. The Funds are distributed by Foreside Fund Services, LLC which is not affiliated with Roundhill Financial Inc, U.S. Bank or any of their affiliates.

View original content:https://www.prnewswire.com/news-releases/roundhill-announces-two-fund-closures-301506006.html

SOURCE Roundhill Investments

FAQ

What is the reason for the closure of MVP and SUBZ ETFs?

Roundhill Investments decided to close and liquidate the MVP and SUBZ ETFs due to low growth prospects.

When will the MVP and SUBZ ETFs cease trading?

The last day of trading for the MVP and SUBZ ETFs will be April 6, 2022.

What happens to shareholders of MVP and SUBZ after the liquidation?

Shareholders who do not sell their shares by April 8, 2022, will have their shares automatically redeemed for cash based on the funds' net asset value.

When will the funds' assets be converted to cash?

The Funds are expected to hold approximately all their net assets in cash by March 23, 2022.

How can investors get more information about the Roundhill ETFs?

Investors can find more information on Roundhill ETFs by visiting their website or calling customer support.