Hennessy Advisors, Inc. Announces Listing Transfer for the Hennessy Stance ESG ETF (STNC) to The Nasdaq Stock Market LLC
Hennessy Advisors (NASDAQ: HNNA) has announced the transfer of its Hennessy Stance ESG ETF (STNC) listing from NYSE Arca to Nasdaq, effective December 18, 2024. The transfer, approved by the Board of Trustees on September 25, 2024, aims to maintain the ETF's listing on a national securities exchange while reducing annual expenses. The fund will continue trading under the symbol 'STNC'.
Neil Hennessy, Chairman and CEO, emphasized that this move is designed to lower annual expenses while maintaining the ETF's national securities exchange listing status.
Hennessy Advisors (NASDAQ: HNNA) ha annunciato il trasferimento della quotazione del suo Hennessy Stance ESG ETF (STNC) da NYSE Arca a Nasdaq, a partire dal 18 dicembre 2024. Il trasferimento, approvato dal Consiglio di Amministrazione il 25 settembre 2024, ha come obiettivo quello di mantenere la quotazione dell'ETF su una borsa valori nazionale riducendo nel contempo le spese annuali. Il fondo continuerà a essere scambiato con il simbolo 'STNC'.
Neil Hennessy, Presidente e CEO, ha sottolineato che questa mossa è pensata per abbattere le spese annuali mantenendo lo status di quotazione dell'ETF su una borsa valori nazionale.
Hennessy Advisors (NASDAQ: HNNA) ha anunciado la transferencia de la cotización de su Hennessy Stance ESG ETF (STNC) de NYSE Arca a Nasdaq, efectiva el 18 de diciembre de 2024. La transferencia, aprobada por la Junta de Fideicomisarios el 25 de septiembre de 2024, tiene como objetivo mantener la cotización del ETF en una bolsa de valores nacional mientras se reducen los gastos anuales. El fondo continuará negociándose bajo el símbolo 'STNC'.
Neil Hennessy, Presidente y CEO, enfatizó que este movimiento está diseñado para reducir los gastos anuales manteniendo el estatus de cotización del ETF en una bolsa de valores nacional.
Hennessy Advisors (NASDAQ: HNNA)는 Hennessy Stance ESG ETF (STNC)의 상장 이전을 NYSE Arca에서 Nasdaq으로 2024년 12월 18일자로 발표했습니다. 2024년 9월 25일 이사회에서 승인된 이번 이전은 ETF의 상장을 국가 증권 거래소에 유지하고 연간 비용을 줄이는 것을 목표로 하고 있습니다. 이 펀드는 'STNC' 기호로 계속 거래됩니다.
Neil Hennessy 회장 겸 CEO는 이 조치가 연간 비용을 줄이면서 ETF의 국가 증권 거래소 상장 상태를 유지하기 위해 설계되었다고 강조했습니다.
Hennessy Advisors (NASDAQ: HNNA) a annoncé le transfert de la cotation de son Hennessy Stance ESG ETF (STNC) de NYSE Arca vers Nasdaq, à compter du 18 décembre 2024. Le transfert, approuvé par le Conseil d'administration le 25 septembre 2024, vise à maintenir la cotation de l'ETF sur une bourse de valeurs nationale tout en réduisant les dépenses annuelles. Le fonds continuera à être négocié sous le symbole 'STNC'.
Neil Hennessy, Président et PDG, a souligné que cette initiative est conçue pour réduire les dépenses annuelles tout en préservant le statut de cotation de l'ETF sur une bourse de valeurs nationale.
Hennessy Advisors (NASDAQ: HNNA) hat die Übertragung der Auflistung seines Hennessy Stance ESG ETF (STNC) von NYSE Arca zu Nasdaq zum 18. Dezember 2024 bekannt gegeben. Die Übertragung, die am 25. September 2024 vom Board of Trustees genehmigt wurde, zielt darauf ab, die Auflistung des ETFs an einer nationalen Wertpapierbörse aufrechtzuerhalten und gleichzeitig die jährlichen Kosten zu senken. Der Fonds wird weiterhin unter dem Symbol 'STNC' gehandelt.
Neil Hennessy, Vorsitzender und CEO, betonte, dass dieser Schritt darauf abzielt, die jährlichen Kosten zu senken, während der Status der nationalen Wertpapierbörse für den ETF aufrechterhalten wird.
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Hennessy Advisors, Inc. is the investment advisor for the Stance ETF, which is a series of Hennessy Funds Trust (the "Trust"). The Board of Trustees of the Trust approved the transfer at a meeting held on September 25, 2024. The Stance ETF expects to begin trading as a Nasdaq-listed company on December 18, 2024, and its shares will continue to trade under the symbol "STNC."
"The transfer to Nasdaq is designed to facilitate the continued listing of the Stance ETF's shares on a national securities exchange at a lower annual expense," said Neil Hennessy, Chairman and CEO of Hennessy Advisors, Inc.
About Hennessy Advisors, Inc.
Hennessy Advisors, Inc. is a publicly traded investment manager offering a broad range of domestic equity, multi-asset, and sector and specialty funds. Hennessy Advisors, Inc. is committed to providing superior service to shareholders and employing a consistent and disciplined approach to investing based on a buy and hold philosophy that rejects the idea of market timing.
Additional Information
Nothing in this press release shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction.
Forward‑Looking Statements
This press release contains forward-looking statements, which do not relate strictly to historical or current facts. Forward-looking statements are beyond the ability of Hennessy Advisors, Inc. to control and, in many cases, Hennessy Advisors, Inc. cannot predict what factors would cause actual results to differ materially from those indicated by forward-looking statements. As a result, no assurance can be given as to future results, levels of activity, performance, or achievements, and Hennessy Advisors, Inc. assumes no responsibility for the accuracy and completeness of any forward-looking statements.
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SOURCE Hennessy Advisors, Inc.
FAQ
When will Hennessy Stance ESG ETF (STNC) transfer to Nasdaq?
Why is Hennessy Advisors (HNNA) moving the Stance ETF to Nasdaq?
Will the Hennessy Stance ESG ETF trading symbol change after moving to Nasdaq?
When did the Board approve the Hennessy Stance ETF transfer to Nasdaq?
