BETHESDA, Md., Oct. 14, 2016 /PRNewswire/ -- AdvisorShares,
a leading sponsor of actively managed exchange-traded funds (ETFs),
announced today that the AdvisorShares YieldPro ETF (NASDAQ: YPRO)
will close. The AdvisorShares Board of Trustees approved the
closing and subsequent liquidation of YPRO. The fund's last day of
trading will be October 24, 2016,
which will also be the final day for creations or redemptions by
authorized participants. The fund will cease operations, withdraw
its assets, and distribute the remaining proceeds to shareholders
on or after October 31, 2016.
For financial professionals and investors requesting more
information, please visit www.advisorshares.com or call the
AdvisorShares Investment Consultant Team at 1-877-THE-ETF1
(1-877-843-3831).
About AdvisorShares
A leading provider in the actively managed ETF marketplace,
AdvisorShares offers 24 active ETFs with over $1.1 billion of assets under management (as of
October 7, 2016). Visit
www.advisorshares.com to register for free weekly economic
commentary. For educational insight into the active ETF
marketplace, visit www.alphabaskets.com, follow @AdvisorShares on
Twitter and on Facebook.
Before investing you should carefully consider the Fund's
investment objectives, risks, charges and expenses. This and other
information is in the prospectus, a copy of which may be obtained
by visiting the Fund's website at www.AdvisorShares.com.
Please read the prospectus carefully before you invest.
Foreside Fund Services, LLC, distributor.
An investment in ETFs is subject to risk, including the possible
loss of principal amount invested. The risks associated with each
Fund include the risks associated with the underlying ETFs, which
can result in higher volatility, and are detailed in each Fund's
prospectus and on each Fund's webpage. The Funds may not be
suitable for all investors.
Press Contact
Ryan
Graham
AdvisorShares
202-684-6442
rg@advisorshares.com
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SOURCE AdvisorShares