Merk Stagflation ETF Announces Liquidation on December 27, 2023

Rhea-AI Summary

Merk Stagflation ETF (STFL) to Cease Operations and Liquidate Assets

PALO ALTO, Calif.--(BUSINESS WIRE)-- After careful consideration, and at the recommendation of Merk Investments LLC, the investment adviser to the Merk Stagflation ETF (the “Fund”), the Board of Trustees of Listed Funds Trust approved the closing and subsequent liquidation of the Fund pursuant to the terms of a Plan of Liquidation. Accordingly, the Fund is expected to cease operations, liquidate its assets, and distribute the liquidation proceeds to shareholders on or about December 27, 2023 (the “Liquidation Date”). Shares of the Fund are listed on NYSE Arca, Inc.

Beginning on or about December 8, 2023 and continuing through the Liquidation Date, the Fund will liquidate its portfolio assets. As a result, during this period, the Fund will increase its cash holdings and deviate from its investment objective, investment strategies, and investment policies as stated in the Fund’s Prospectuses and SAI.

The Fund will no longer accept orders for new creation units after the close of business on the business day prior to the Liquidation Date, and trading in shares of the Fund will be halted prior to market open on the Liquidation Date. Prior to the Liquidation Date, shareholders may only be able to sell their shares to certain broker-dealers, and there is no assurance that there will be a market for the Fund’s shares during that time period. Customary brokerage charges may apply to such transactions.

If no action is taken by a Fund shareholder prior to the Liquidation Date, the Fund will distribute to such shareholder, on or promptly after the Liquidation Date, a liquidating cash distribution equal to the net asset value of the shareholder’s Fund shares as of the close of business on the Liquidation Date. This amount will include any accrued capital gains and dividends. Shareholders remaining in the Fund on the Liquidation Date will not be charged any transaction fees by the Fund. The liquidating cash distribution to shareholders will be treated as payment in exchange for their shares. The liquidation of your shares may be treated as a taxable event. Shareholders should contact their tax adviser to discuss the income tax consequences of the liquidation.

Shareholders can call (800) 617-0004 for additional information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231207836326/en/

(800) 617-0004

Source: Merk Investments LLC

FAQ

What is the latest news about Merk Stagflation ETF (STFL)?

The latest news is that the Board of Trustees of Listed Funds Trust has approved the closing and subsequent liquidation of the Fund.

Why is Merk Stagflation ETF (STFL) ceasing operations?

The decision to cease operations and liquidate the assets was made at the recommendation of Merk Investments LLC, the investment adviser to the Fund.

What will happen to the shareholders of Merk Stagflation ETF (STFL)?

The liquidation proceeds will be distributed to the shareholders.

When will the liquidation of assets take place for Merk Stagflation ETF (STFL)?

The liquidation of assets is expected to take place on or before a specified date.

How will the closing of Merk Stagflation ETF (STFL) impact the stock market?

The closing and subsequent liquidation of the Fund may have an impact on the stock market, and investors should consider the implications.

What are the implications of the liquidation of assets for Merk Stagflation ETF (STFL) shareholders?

Shareholders should be aware of the implications of the liquidation of assets and consider their investment options.

Is it advisable to invest in Merk Stagflation ETF (STFL) at this time?

Given the decision to cease operations and liquidate assets, potential investors should carefully consider the implications and consult with financial advisors.

How can shareholders of Merk Stagflation ETF (STFL) receive the liquidation proceeds?

Shareholders will receive the liquidation proceeds through a specified process, and they should stay informed about the distribution details.