Exchange Traded Concepts to Close and Liquidate Range India Financials ETF (NYSE: INDF)
Prnewswire·2025-08-12 12:30

Core Viewpoint - The Fund is set to terminate and liquidate its assets, with operations ceasing around August 29, 2025, following the Board's approval of a Plan of Liquidation [1]. Group 1: Liquidation Process - The Fund will stop accepting new creation unit orders on August 25, 2025, and the last trading day for the Fund's shares on NYSE Arca, Inc. will be approximately August 26, 2025 [2]. - From August 22, 2025, until the last trading day, shareholders may only sell shares to certain broker-dealers, with no guarantee of a market for the shares during this period [2]. - The Fund will be managed to facilitate an orderly liquidation, which may involve raising cash or investing in highly liquid assets, potentially deviating from its stated investment strategy [3]. Group 2: Asset Distribution - On the Liquidation Date, the Fund will liquidate its assets and distribute cash pro rata to all remaining shareholders, which will be considered taxable events [4]. - The distributions will include accrued capital gains and dividends, if applicable, and the net asset value on the Liquidation Date will reflect the costs associated with the liquidation [4].

Exchange Traded Concepts to Close and Liquidate Range India Financials ETF (NYSE: INDF) - Reportify