The last day of trading will be January 3, 2024
CHARLOTTE N.C., Dec. 1, 2023
/PRNewswire/ -- Upon the recommendation of Sterling Capital
Management LLC, the Board of Trustees of the Northern Lights Fund
Trust IV (the "Board") has authorized an orderly liquidation of the
Diverse Multi-Manager Active ETF (NYSE: DEIF; the "Fund"). After
careful consideration of a number of factors, including its
inability to attract sufficient investment assets, the Board
concluded that it is advisable and in the best interest of the Fund
and its shareholders to liquidate the Fund.
The last day of trading of the Fund's shares on the NYSE will be
January 3, 2024 ("Closing Date"),
which will also be the last day the Fund will accept creation units
from authorized participants. Shareholders may sell their holdings
in the Fund prior to the Closing Date and customary brokerage
charges may apply to these transactions. Authorized participants
may redeem baskets of shares for a pro rata portion of the Fund's
portfolio on hand through the Closing Date.
The Fund is expected to cease operations, liquidate its assets,
and distribute the liquidation proceeds to shareholders on
January 12, 2024 ("Liquidation
Date"). From the Closing Date through the Liquidation Date,
shareholders may only be able to sell their shares to certain
broker-dealers and there is no assurance that there will be a
market for the Fund's shares during this period. Between the
Closing Date and the Liquidation Date, the Fund will be in the
process of closing and liquidating its portfolio. This process will
result in the Fund increasing its cash holdings and, consequently,
not tracking the investment objective as defined in the
Prospectus.
Shareholders remaining on January 12,
2024, will receive cash at the net asset value of their
shares as of that date, including any capital gains and dividends
as of said date. The liquidating cash distribution to shareholders
will be treated as payment in exchange for their shares. The
liquidation of the Fund's shares may be treated as a taxable event.
Shareholders should contact their tax advisor to discuss the income
tax consequences of the liquidation. Once the distributions are
complete, the Fund will terminate.
About Sterling Capital Management
Sterling Capital Management LLC, founded in 1970, is the
institutional investment management arm of Truist Financial
Corporation. Headquartered in Charlotte,
North Carolina, Sterling Capital provides investment
advisory services through mutual funds, separately managed
accounts, model portfolios, and other commingled vehicles offered
through a variety of intermediary and managed account platforms.
Sterling Capital's six distinct investment teams provide a full
complement of fixed income, concentrated active equity, and
multi-asset solutions. Learn more at sterlingcapital.com.
This supplement provides new and additional information
beyond that contained in the Summary Prospectus, Prospectus, and
SAI and should be read in conjunction with those documents. The
Summary Prospectus, Prospectus and SAI have each been filed with
the Securities and Exchange Commission and are incorporated by
reference. Copies of these documents may be obtained without charge
by visiting
https://sterlingcapital.com/investments/exchange-traded-funds/deif/
or by calling 888.637.7798. For additional information regarding
the liquidation, shareholders of the Funds may call
888.637.7798.
Sterling Capital Management LLC, a separate subsidiary of Truist
Financial Corporation, serves as investment adviser to the Sterling
Capital Diverse Multi-Manager Active ETF and is paid a fee for its
services. Shares of the Sterling Capital Diverse Multi-Manager
Active ETF are not deposits or obligations of, or guaranteed or
endorsed by, Truist Bank or its affiliates. The Sterling Capital
Diverse Multi-Manager Active ETF is not insured by the FDIC or any
other government agency. The Sterling Capital Diverse Multi-Manager
Active ETF is distributed Northern Lights Distributors, LLC, member
FINRA/SIPC, which is not affiliated with Truist Bank or its
affiliates.
Risks: Investing involves risk. Investment return and principal
value of an investment will fluctuate, and an investor's shares,
when redeemed, may be worth more or less than their original cost.
ETFs are subject to investment advisory and other expenses, which
will be indirectly paid by the Fund. ETFs are subject to issuer
risks and other risks specific to the Fund.
Investors should carefully consider the investment
objectives, risks, charges, and expenses of the Diverse
Multi-Manager Active ETF. This and other important information
about the Fund are contained in the prospectus, which can be
obtained at www.sterlingcapital.com/ETF or by calling 888.637.7798.
The prospectus should be read carefully before investing. The
Sterling Capital Diverse Multi-Manager Active ETF is distributed by
Northern Lights Distributors, LLC, member FINRA/SIPC. Sterling
Capital Management is not affiliated with Northern Lights
Distributors, LLC.
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SOURCE Sterling Capital Management LLC