WINDSOR, Conn., Sept. 20, 2018 /PRNewswire/ -- SS&C
Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of
financial services software and software-enabled services, today
announced that ALPS Advisors, Inc., a subsidiary of SS&C
Technologies, is liquidating one Fund of the ALPS ETF Trust.
The Fund -- ALPS/Dorsey Wright Sector Momentum ETF
(NASDAQ: SWIN) -- will close to new investors on October 18, 2018 and liquidate on
October 22, 2018.
The decision to close the Fund was made by the ALPS ETF Trust's
Board of Trustees after consultation with ALPS Advisors, Inc., the
investment adviser to the Fund. On consideration of current market
conditions, as well as prospects for growth in the Fund's assets
among other considerations, 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 NASDAQ. The last day of
trading for the Fund is scheduled to be Friday, October 19, 2018.
The Fund will immediately begin the process of closing down and
liquidating its portfolio, which will increase the Fund's cash
holdings notwithstanding the Fund's investment objective and
strategies. There can be no assurance that there will be a market
for the Fund's shares between the last day of trading on the NASDAQ
(October 19, 2018) and the
liquidation date (October 22,
2018).
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.
For additional information about the liquidation, shareholders
of the Fund may call ALPS at 866.759.5679 or visit
www.alpsfunds.com.
Important Disclosures
An investor should
consider the investment objectives, risks, charges and expenses
carefully before investing. To obtain a prospectus
which contains this and other information call 866.675.2639 or
visit www.alpsfunds.com. Read the prospectus carefully before
investing.
ALPS Dorsey Wright Sector Momentum ETF Shares are not
individually redeemable. Investors buy and sell shares of the ALPS
Dorsey Wright Sector Momentum ETF on a secondary market. Only
market makers or "authorized participants" may trade directly with
the Fund, typically in blocks of 50,000 shares.
An investment in the Fund is subject to investment risk,
including the possible loss of the entire principal amount that you
invest.
The Fund is subject to the additional risks associated with
concentrating its investments in companies in the market
sector.
The Fund is considered non-diversified and can invest a
greater portion of its assets in securities of individual issuers
than a diversified fund.
ALPS Dorsey Wright Sector Momentum Index is a rules-based
index intended to track the overall performance of the stocks with
the highest relative strength or "momentum" within the NASDAQ US
Large Mid Cap Index (the "NASDAQ Index") on a sector-by-sector
basis
An investor cannot invest directly in an index.
ALPS Portfolio Solutions Distributor, Inc. is the Distributor of
the ALPS Dorsey Wright Sector Momentum ETF.
DWS000183 9/20/2019
About ALPS
ALPS, which was acquired by SS&C in April 2018, provides customized asset servicing
and asset gathering solutions to the financial services community
through an entrepreneurial culture based on the commitment to "Do
Things Right." Founded in 1985, ALPS continues to actively promote
all of its various business segments, from asset servicing through
ALPS Fund Services, Inc. to asset gathering through ALPS
Distributors, Inc. and ALPS Advisors, Inc. Headquartered in
Denver, with offices in
Boston, New York, Seattle, and Toronto, ALPS, a wholly-owned subsidiary of
DST Systems, Inc., today represents more than 400 employees, over
200 clients, and an executive team that has been in place for more
than 18 years. For more information about ALPS and its services,
visit www.alpsinc.com. Information about ALPS products is available
at www.alpsfunds.com.
About SS&C Technologies
SS&C is a global provider of investment and financial
software-enabled services and software for the global financial
services and healthcare industries. Founded in 1986, SS&C is
headquartered in Windsor,
Connecticut and has offices around the world. Some 13,000
financial services and healthcare organizations, from the world's
largest institutions to local firms, manage and account for their
investments using SS&C's products and services.
Additional information about SS&C (Nasdaq:SSNC) is
available at www.ssctech.com. Follow SS&C on Twitter,
LinkedIn and Facebook.
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SOURCE SS&C