DALLAS, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Westwood Holdings Group (NYSE: WHG), a leading boutique asset manager, today announced plans to close and liquidate the Westwood LBRTY Global Equity ETF (NYSE Arca: BFRE) following an ongoing review of ETF offerings. The last day of trading of the Fund's shares on the NYSE Arca will be Friday, February 27, 2026 ("Closing Date"), which will also be the last day the Fund will accept creation units from authorized participants. Shareholders may sell their holdings in t ...

Core Viewpoint - Victory Portfolios II has announced the liquidation of three ETFs due to a regular review of its product lineup to better meet client needs [1]. Group 1: Liquidation Details - The ETFs affected are the VictoryShares WestEnd Economic Cycle Bond ETF (BMDL), VictoryShares Hedged Equity Income ETF (HEJD), and VictoryShares International Volatility Wtd ETF (CIL) [1]. - After January 28, 2026, the ETFs will stop accepting purchase orders for Creation Units, and shareholders can sell their holdings on the Nasdaq Stock Market until January 29, 2026 [2]. - The ETFs will cease trading at the end of January 29, 2026, with liquidation anticipated around February 4, 2026 [2]. Group 2: Financial Implications - Victory Capital Management Inc. will cover all fees and expenses related to the liquidation and distribution of cash proceeds to investors, excluding brokerage fees [3]. - Shareholders will recognize a capital gain or loss for tax purposes based on the amount received for their shares compared to their adjusted basis [3].

Core Points - The Northern Lights Fund Trust IV has authorized the orderly liquidation of the Focus Equity ETF due to sustained underperformance and inability to attract sufficient investment assets [1] - The last day of trading for the Fund's shares will be November 17, 2025, which will also be the last day for accepting creation units from authorized participants [2] - The Fund is expected to cease operations and liquidate its assets by November 24, 2025, with shareholders receiving cash at the net asset value of their shares on that date [3][4] Fund Operations - Shareholders can sell their holdings before the Closing Date, but there may be limited market availability for the Fund's shares during the liquidation process [2][3] - The Fund will increase its cash holdings prior to the liquidation date, which may affect its ability to track its investment objective as defined in the Prospectus [3] - The liquidation cash distribution will be treated as payment for shares, and it may be a taxable event for shareholders [4] Company Background - Sterling Capital Management LLC, founded in 1970, is the investment adviser for the Fund and provides various investment advisory services [5][6] - The Fund is distributed by Northern Lights Distributors, LLC, which is not affiliated with Sterling Capital Management [6]

Core Viewpoint - Tidal Investments LLC has decided to close and liquidate the ATAC US Rotation ETF after receiving approval from the Fund's Board of Trustees [1] Fund Closure Details - The Fund will stop trading on the NYSE Arca, Inc. at market close on October 20, 2025, and shareholders are advised to sell their shares before this date [2] - After trading ceases, remaining shareholders will have their shares automatically redeemed for cash based on the Fund's net asset value (NAV) as of the liquidation date, October 24, 2025 [3] - The Fund may hold higher levels of cash and deviate from its stated investment objective during the wind-down period to prepare for liquidation [3] Termination Process - Following the distribution of proceeds, the Fund will officially terminate [4] Company Background - Tidal Financial Group is focused on revolutionizing ETF development, marketing, and sales, providing a comprehensive suite of services and proprietary tools to enhance growth potential in the ETF space [5]