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AMERICAN CENTURY INVESTMENTS ANNOUNCES CHANGE TO ETF LINEUP
Prnewswireยท 2025-07-25 20:16
Core Viewpoint - American Century Investments plans to close and liquidate two of its ETFs: American Century Quality Preferred ETF (QPFF) and American Century Quality Convertible Securities ETF (QCON) [1][2] Group 1: ETF Closure Details - QPFF and QCON will cease trading on the Cboe BZX Exchange Inc. at the close of the market on September 8, 2025 [2] - After September 8, 2025, shareholders will be unable to sell their shares on the Cboe BZX Exchange, Inc. [2] - The funds will liquidate and distribute their remaining assets to shareholders on or about September 15, 2025 [2] - Prior to liquidation, the funds may deviate from their stated investment objectives and strategies [2] Group 2: Company Overview - As of June 30, 2025, American Century's ETF assets under management total $72 billion [3] - American Century Investments is a leading global asset manager founded in 1958, with 1,400 employees serving various clients [4] - The company supports medical research through dividend distributions, with over 40% of its dividends going to the Stowers Institute for Medical Research [4]