DENVER, Sept. 10,
2024 /PRNewswire/ -- SS&C ALPS Advisors, a
wholly-owned subsidiary of SS&C Technologies Holdings, Inc.
(Nasdaq: SSNC), today announced that 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.
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 Windsor, Connecticut, and has
offices around the world. Some 20,000 financial services and
healthcare organizations, from the world's largest companies to
small and mid-market firms, rely on SS&C for expertise, scale,
and technology. Additional information about SS&C (Nasdaq:
SSNC) is available at www.ssctech.com.
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 $24.96 billion under management
as of June 30, 2024, SS&C ALPS
Advisors is an open architecture boutique investment manager
offering portfolio building blocks, active insight and an
unwavering drive to guide clients to investment outcomes across
sustainable income, thematic and alternative growth strategies. For
more information, visit www.alpsfunds.com.
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