ETF Managers Group Announces Closure of IMED ETF
August 25 2017 - 4:30PM
Business Wire
ETF Managers Group LLC (“ETFMG”) today announced that the Board
of Trustees of the ETF Managers Trust has decided to close the
ETFMG ETFx HealthTech ETF (IMED) based on an ongoing review of
market demand. Effective immediately, IMED will increase its cash
holdings in contemplation of liquidation and will no longer accept
creation orders.
Trading will be suspended on NASDAQ at the closing of the market
on September 06, 2017. Proceeds of the liquidation are scheduled to
be sent to shareholders on or about September 08, 2017. For added
information, shareholders can visit www.etfmgfunds.com.
About ETF Managers Group (ETFMG)
ETFMG is a leading Exchange Traded Funds (ETF) private label
services company. ETFMG offers a full range of ETF product services
to the asset management community including commodity pool ETPs as
well as both active and passive ETF funds. The services provided
include product operations, regulatory, financial and compliance
management. ETF Managers Group offers active marketing and
dedicated wholesale services for all ETF product types. For more
information on ETF Managers Group visit www.etfmg.com.
Before investing, carefully consider the Funds' investment
objectives, risk factors, charges, and expenses. This and
additional information can be found in the Funds’
prospectuses, which may be obtained by calling 1-844-ETF-MGRS
(1-844-383-6477), or by
visiting www.etfmgfunds.com.
Investing involves risk, including the possible loss of
principal. Shares of any ETF are bought and sold at market price
(not NAV), may trade at a discount or premium to NAV and are not
individually redeemed from the Fund. Brokerage commissions will
reduce returns. Narrowly focused investments typically exhibit
higher volatility.
ETF Managers Group LLC is the investment adviser to the
fund.
The fund is distributed by ETFMG Financial LLC. ETF Managers
Group LLC and ETFMG Financial LLC are wholly owned subsidiaries of
Exchange Traded Managers Group LLC (collectively, “ETFMG”).
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MacMillan CommunicationsChris Sullivan/Mike
MacMillan212-473-4442mike@macmillancom.com
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