Northern Lights Fund Trust II Announces Fund Closure

Rhea-AI Summary

Northern Lights Fund Trust II announced the closure of the LifeGoal Vacation Investment ETF (NYSE: SUNY) and LifeGoal Children Investment ETF (NYSE: CHLD) due to insufficient market demand. The last trading day for both ETFs will be February 8, 2022, coinciding with the final day for any creations or redemptions. The funds will cease operations and distribute remaining assets to shareholders by February 15, 2022. Investors are encouraged to review the funds' objectives, risks, and charges before making investment decisions.

Positive

• None.

Negative

• Closure of LifeGoal Vacation Investment ETF (SUNY) and LifeGoal Children Investment ETF (CHLD) indicates poor market demand.
• Last trading day is scheduled for February 8, 2022, limiting investor options.
• Liquidation may lead to potential losses for shareholders if assets are not distributed favorably.

SARATOGA SPRINGS, N.Y.--(BUSINESS WIRE)-- Northern Lights Fund Trust II announced today that the LifeGoal Vacation Investment ETF (NYSE: SUNY) and LifeGoal Children Investment ETF (NYSE: CHLD) will close following a review of market demand. The Northern Lights Fund Trust II Board of Trustees approved the closing and subsequent liquidation of SUNY and CHLD. Each fund’s last day of trading will be February 8, 2022, which will also be the final day for creations or redemptions by authorized participants. Each fund will cease operations, withdraw its assets, and distribute the remaining proceeds to shareholders on February 15, 2022.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other important information may be found in the prospectus, which may be obtained by calling 1-888-920-7275. Read the prospectus carefully before investing.

LifeGoal ETFs are distributed by Northern Lights Distributors, LLC.
14340043-NLD-1/24/2022

View source version on businesswire.com: https://www.businesswire.com/news/home/20220125005883/en/

Brett Sohns

info@lifegoalinvestments.com

Source: LifeGoal

FAQ

Why are the SUNY and CHLD ETFs closing?

The SUNY and CHLD ETFs are closing due to insufficient market demand as determined by the Northern Lights Fund Trust II.

When is the last trading day for the SUNY and CHLD ETFs?

The last trading day for both SUNY and CHLD ETFs will be February 8, 2022.

What happens to the assets of SUNY and CHLD ETFs after closure?

After closure, the funds will cease operations and distribute remaining assets to shareholders on February 15, 2022.

What should investors consider before the closure of SUNY and CHLD?

Investors should review the funds' investment objectives, risks, charges, and expenses as outlined in the prospectus.