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Texas Capital Announces the Liquidation of the Texas Small Cap Equity Index ETF
Globenewswire· 2025-11-19 21:30
Core Points - The Texas Capital Funds Trust Board has authorized the orderly liquidation of the Texas Capital Texas Small Cap Equity Index ETF (TXSS) due to considerations of the Fund's size, asset composition, and growth trajectory, determining it is in the best interest of the Fund and its shareholders [1] - The last trading day for TXSS shares on NASDAQ will be December 8, 2025, with operations ceasing and assets liquidating by December 15, 2025 [2] - Shareholders holding shares through the Liquidation Date will receive cash distributions based on the net asset value (NAV) of their holdings, which may have tax implications [3] Company Overview - Texas Capital Bancshares, Inc. is the parent company of Texas Capital Bank, a full-service financial services firm founded in 1998, headquartered in Dallas, with a presence in multiple Texas cities [4] - Texas Capital provides a range of services including commercial, consumer, private, and capital markets capabilities, serving clients throughout their lifecycle [5] - Texas Capital Bank Private Wealth Advisors, a subsidiary of Texas Capital Bank, serves as the investment adviser to the Fund [6]