SS&C ALPS ADVISORS TO CLOSE AN EXCHANGE-TRADED FUND
SS&C ALPS Advisors, a subsidiary of SS&C Technologies Holdings (Nasdaq: SSNC), has announced the closure of the ALPS Global Travel Beneficiaries ETF (NYSE ARCA: JRNY). The fund will close to new investors on October 16, 2024 and liquidate on October 18, 2024. This decision was made by the ALPS ETF Trust's Board of Trustees due to the fund's inability to attract significant market interest since its inception.
The last trading day for the fund is scheduled for October 17, 2024. Shareholders may be able to sell their shares until this date, but there's no guarantee of a market for the fund's shares. On the liquidation date, remaining shareholders will receive a cash distribution equal to the net asset value of their shares, without incurring transaction fees.
SS&C ALPS Advisors, una filiale di SS&C Technologies Holdings (Nasdaq: SSNC), ha annunciato la chiusura dell'ALPS Global Travel Beneficiaries ETF (NYSE ARCA: JRNY). Il fondo chiuderà per nuovi investitori il 16 ottobre 2024 e sarà liquidato il 18 ottobre 2024. Questa decisione è stata presa dal Consiglio di Amministrazione dell'ALPS ETF Trust a causa dell'incapacità del fondo di attrarre un interesse di mercato significativo dalla sua creazione.
L'ultimo giorno di negoziazione per il fondo è fissato per il 17 ottobre 2024. Gli azionisti potrebbero essere in grado di vendere le loro azioni fino a questa data, ma non c'è alcuna garanzia di un mercato per le azioni del fondo. Alla data di liquidazione, gli azionisti rimanenti riceveranno una distribuzione in contante pari al valore netto di attivo delle loro azioni, senza incorrere in commissioni di transazione.
SS&C ALPS Advisors, una subsidiaria de SS&C Technologies Holdings (Nasdaq: SSNC), ha anunciado el cierre del ALPS Global Travel Beneficiaries ETF (NYSE ARCA: JRNY). El fondo cerrará para nuevos inversores el 16 de octubre de 2024 y se liquidará el 18 de octubre de 2024. Esta decisión fue tomada por la Junta de Fideicomisarios de ALPS ETF Trust debido a la incapacidad del fondo de atraer un interés significativo del mercado desde su creación.
El último día de negociación para el fondo está programado para el 17 de octubre de 2024. Los accionistas pueden tener la posibilidad de vender sus acciones hasta esta fecha, pero no hay garantía de un mercado para las acciones del fondo. En la fecha de liquidación, los accionistas restantes recibirán una distribución en efectivo equivalente al valor neto de los activos de sus acciones, sin incurrir en tarifas de transacción.
SS&C ALPS Advisors는 SS&C Technologies Holdings (Nasdaq: SSNC)의 자회사로서 ALPS Global Travel Beneficiaries ETF (NYSE ARCA: JRNY)의 종료를 발표했습니다. 이 펀드는 2024년 10월 16일에 신규 투자자를 받지 않고 2024년 10월 18일에 청산될 예정입니다. 이 결정은 ALPS ETF Trust의 이사회에 의해, 펀드가 설립 이후 significant market interest를 끌어내지 못했기 때문에 내려졌습니다.
펀드의 마지막 거래일은 2024년 10월 17일로 예정되어 있습니다. 주주들은 이 날짜까지 자신의 주식을 매각할 수 있을지도 모르지만, 펀드 주식에 대한 시장이 보장되지 않습니다. 청산일에 남아 있는 주주들은 자신의 주식의 순 자산 가치에 해당하는 현금 분배를 수수료 없이 받을 것입니다.
SS&C ALPS Advisors, une filiale de SS&C Technologies Holdings (Nasdaq: SSNC), a annoncé la fermeture de l'ALPS Global Travel Beneficiaries ETF (NYSE ARCA: JRNY). Le fonds fermera aux nouveaux investisseurs le 16 octobre 2024 et sera liquidé le 18 octobre 2024. Cette décision a été prise par le Conseil d'Administration de l'ALPS ETF Trust en raison de l'incapacité du fonds à attirer un intérêt significatif du marché depuis sa création.
Le dernier jour de négociation pour le fonds est prévu pour le 17 octobre 2024. Les actionnaires pourraient être en mesure de vendre leurs actions jusqu'à cette date, mais il n'y a aucune garantie d'un marché pour les actions du fonds. À la date de liquidation, les actionnaires restants recevront une distribution en espèces égale à la valeur nette d'actif de leurs actions, sans frais de transaction.
SS&C ALPS Advisors, eine Tochtergesellschaft von SS&C Technologies Holdings (Nasdaq: SSNC), hat die Schließung des ALPS Global Travel Beneficiaries ETF (NYSE ARCA: JRNY) bekannt gegeben. Der Fonds wird am 16. Oktober 2024 für neue Investoren geschlossen und am 18. Oktober 2024 liquidiert. Diese Entscheidung wurde vom Vorstand des ALPS ETF Trust aufgrund des Mangels an signifikantem Marktinteresse seit seiner Gründung getroffen.
Der letzte Handelstag für den Fonds ist auf den 17. Oktober 2024 festgelegt. Aktionäre können möglicherweise bis zu diesem Datum ihre Anteile verkaufen, allerdings gibt es keine Garantie für einen Markt für die Anteile des Fonds. Am Liquidationstag erhalten die verbleibenden Aktionäre eine Barauszahlung, die dem Nettoinventarwert ihrer Anteile entspricht, ohne Transaktionsgebühren.
- No transaction fees for shareholders during the liquidation process
- Closure of ALPS Global Travel Beneficiaries ETF (JRNY) due to lack of market interest
- Potential difficulty for shareholders to sell shares before liquidation
- Fund's departure from its investment objective during liquidation process
The decision to close the Fund was made by the ALPS ETF Trust's Board of Trustees upon the recommendation of ALPS Advisors, Inc., the investment adviser to the Fund. Following consideration of the Fund's inability to attract significant market interest since the Fund's inception, its future viability as well as prospects for growth of the Fund's assets in the foreseeable future, the Board determined that it was in the best interests of the Fund and its shareholders to liquidate the Fund's shares, which are listed on the NYSE ARCA. The last day of trading for the Fund is scheduled to be Thursday, October 17, 2024.
The Fund will immediately begin the process of closing down and liquidating its portfolio, which will increase the Fund's cash holdings and cause the Fund to depart from seeking to achieve its investment objective. From September 11, 2024 to October 17, 2024, shareholders may be able to sell their shares of the Fund, but there can be no assurance there will be a market for the Fund's shares.
Any person holding shares in the Fund as of the liquidation date will receive a cash distribution equal to the net asset value of their shares. Shareholders receiving this cash distribution will not incur transaction fees in connection with this distribution or the liquidation of their shares in the Fund. A portion of the distribution may represent an ordinary income dividend or a capital gain distribution.
Important Disclosures
An investor should consider the investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus containing this and other information, call 1-866-759-5679 or visit www.alpsfunds.com. Read the prospectus carefully before investing.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemable.
All investments are subject to risks, including the loss of money and the possible loss of the entire principal amount invested. Additional information regarding the risks of this investment is available in the prospectus.
ALPS Advisors, Inc., registered investment adviser with the SEC, is the investment adviser to the Fund. ALPS Advisors, Inc. is affiliated with ALPS Portfolio Solutions Distributor, Inc.
ALPS Portfolio Solutions Distributor, Inc. is the distributor for the Fund.
Not FDIC Insured • No Bank Guarantee • May Lose Value
About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in
About SS&C ALPS Advisors
SS&C ALPS Advisors, a wholly-owned subsidiary of SS&C Technologies, is a leading provider of investment products for advisors and institutions. With over
View original content:https://www.prnewswire.com/news-releases/ssc-alps-advisors-to-close-an-exchange-traded-fund-302244272.html
SOURCE ALPS Global Travel Beneficiaries ETF
FAQ
When will the ALPS Global Travel Beneficiaries ETF (JRNY) stop accepting new investors?
What is the liquidation date for the ALPS Global Travel Beneficiaries ETF (JRNY)?
What will happen to shareholders of JRNY on the liquidation date?
What is the last trading day for the ALPS Global Travel Beneficiaries ETF (JRNY)?
Why is SS&C ALPS Advisors closing the ALPS Global Travel Beneficiaries ETF (JRNY)?
