ABERDEEN INVESTMENTS ANNOUNCES THE LIQUIDATION OF ABRDN BLOOMBERG INDUSTRIAL METALS STRATEGY K-1 FREE ETF: BCIM
Prnewswire·2025-11-07 21:17

Core Viewpoint - Aberdeen Investments is set to close and liquidate the abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF due to a strategic review aimed at focusing on products with higher investor demand [1][2]. Group 1: Fund Liquidation Details - The Fund will stop accepting creation requests after November 24, 2025, with the last trading day on December 3, 2025 [2]. - Liquidation proceeds will be distributed to shareholders around December 5, 2025 [2][4]. - The Fund may hold cash and securities inconsistent with its investment strategy during the liquidation process, leading to a higher tracking error [3]. Group 2: Shareholder Information - Shareholders can sell their Shares on NYSE Arca until market close on December 3, 2025, with customary brokerage charges applicable [4]. - After the market close on December 3, 2025, remaining Shares will be redeemed for cash based on the net asset value as of December 5, 2025, reflecting the costs of closing the Fund [4]. Group 3: Company Overview - Aberdeen manages $709.2 billion in assets as of June 30, 2025, with a focus on client-led growth across three business segments: Investments, Adviser, and ii (interactive investor) [9]. - The Investments business manages $504.1 billion for various clients, including insurance companies, sovereign wealth funds, and pension funds [9].