Texas Capital to Ring The Closing Bell® at the New York Stock Exchange
September 28 2023 - 8:00AM
WHAT:Texas Capital executives and the Board of
Trustees for the Texas Capital Funds Trust (the “Trust”) will join
together at the New York Stock Exchange on September 28, 2023, to
celebrate the launch of Texas Capital’s new ETF & Funds
Management division and its flagship fund, the Texas Capital Texas
Equity Index ETF (NYSE Arca: TXS) (the “Fund”). Rob C. Holmes,
president & CEO of Texas Capital, will ring The Closing Bell®
with Texas Governor Greg Abbott following remarks.
TXS enables investments in the Texas economy by providing an
opportunity to gain exposure to one of the largest, most diverse
and fastest growing economies in the world. At the time of launch,
the Fund included a diversified group of 216 publicly traded
companies, with individual component weights determined first by
sector, as defined by the North American Industry Classification
System (NAICS) and based on relative contribution to Texas’
reported Gross Domestic Product (GDP), and then by market
capitalization. Additional details on the Fund can be
found here.
WHERE:The New York Stock Exchange11 Wall
Street, New York, NY 10005
WEBCAST:A live stream of the New York Stock
Exchange closing bell will be available for viewing
at: https://vimeo.com/event/3707439
WHEN:Thursday, September 28, 2023 – 3:30 p.m.
to 4:00 p.m. ET
About Texas Capital Texas Capital Bancshares,
Inc. (NASDAQ: TCBI), a member of the Russell 2000 ® Index and the
S&P MidCap 400®, is the holding company of Texas Capital, a
full-service financial services firm that delivers customized
solutions to businesses, entrepreneurs and individual customers.
Founded in 1998, the firm is headquartered in Dallas with offices
in Austin, Houston, San Antonio and Fort Worth, and has built a
network of clients across the country. With the ability to service
clients through their entire lifecycles, Texas Capital has
established commercial banking, consumer banking, investment
banking and wealth management capabilities. For more information,
please visit www.texascapital.com.
About NYSE Group
NYSE Group is a subsidiary of Intercontinental Exchange (NYSE:
ICE), a leading global provider of data, technology and market
infrastructure. NYSE Group’s equity exchanges -- the New York Stock
Exchange, NYSE American, NYSE Arca, NYSE Chicago and NYSE National
-- trade more U.S. equity volume than any other exchange group. The
NYSE, an ICE exchange, is the premier global venue for capital
raising. NYSE Arca Options and NYSE Amex Options are leading equity
options exchanges. To learn more, visit nyse.com.
DisclosuresInvestors should carefully
consider the investment objectives, risks and charges of the Fund
before investing. The prospectus contains this information and
other information about the Fund, and it should be read carefully
before investing. Investors can obtain a copy of the prospectus by
calling 844.TCB.ETFS (844.822.3837).
Texas Risk. Texas’ economy relies to a
significant extent on certain key industries, such as the oil and
gas industry (including drilling, production and refining),
chemicals production, technology and telecommunications equipment
manufacturing and international trade. Each of these industries has
from time to time suffered from economic downturns, and adverse
conditions in one or more of these industries could impair the
ability of issuers of Texas municipal securities to pay principal
or interest on their obligations.Investment and Market
Risk. As with all investments, an investment in the
Fund is subject to investment risk. Investors in the Fund could
lose money, including the possible loss of the entire principal
amount of an investment, over short or prolonged periods of
time. Geographic Concentration Risk. Because
the Fund and the Texas Capital Texas Equity Index (the “Index”)
will invest only in issuers headquartered in Texas, the Fund's
performance is expected to be closely tied to various factors such
as social, financial, economic and political conditions within that
region. Events that negatively affect that region may cause the
value of the Fund’s shares to decrease, in some cases
significantly. As a result, the Fund may be more volatile than more
geographically diverse funds.Index Tracking
Risk. There is no guarantee that the Fund will
achieve a high degree of correlation to the Index and therefore
achieve its investment objective. The Fund may have difficulty
achieving its investment objective due to fees, expenses (including
rebalancing expenses) and other transaction costs related to the
normal operation of the Fund. These costs that may be incurred by
the Fund are not incurred by the Index, which may make it more
difficult for the Fund to track the Index. New Adviser
Risk. Texas Capital Bank Private Wealth Advisors (the
“Adviser”) has not previously served as an adviser to a registered
mutual fund or ETF. As a result, there is no long-term track record
against which an investor may judge the Adviser and it is possible
the Adviser may not achieve the Fund’s intended investment
objective. New Fund Risk. The Fund is
new and may be at greater risk than larger funds of wider bid-ask
spreads for its shares, trading at a greater premium or discount to
net asset value, liquidation and/or a stop to trading. Any
resulting liquidation of the Fund could cause the Fund to incur
elevated transaction costs for the Fund and negative tax
consequences for its shareholders. Passive Investment
Risk. The Fund is not actively managed, and the
Adviser will not sell a security due to current or projected under
performance of a security, industry, or sector, unless that
security is removed from the Index by the Index provider, who is
unaffiliated with the Adviser. The Fund invests in securities
included in the Index regardless of the Adviser’s independent
analysis of the investment decision.
Shares are not individually redeemable and are issued
and redeemed at their net asset value only in large, specified
blocks of shares called creation units. Shares otherwise can be
bought and sold only through exchange trading at market price (not
NAV). Shares may trade at a premium or discount to their net asset
value in the secondary market. Brokerage commissions will reduce
returns.
Texas Capital Bank Wealth Management Services, Inc. d/b/a Texas
Capital Bank Private Wealth Advisors (“PWA”), a wholly owned
subsidiary of Texas Capital Bank and a Registered Investment
Advisor with the U.S. Securities and Exchange Commission (“SEC”),
serves as investment adviser to the Texas Capital Texas Equity
Index ETF and is paid a fee for its services. Shares of the Texas
Capital Texas Equity Index ETF are not deposits or obligations of,
or guaranteed or endorsed by, Texas Capital Bank or its affiliates.
The Texas Capital Texas Equity Index ETF is not insured by the FDIC
or any other government agency. The Texas Capital Texas Equity
Index ETF is distributed by Northern Lights Distributors, LLC,
member FINRA/SIPC, which is not affiliated with Texas Capital Bank
Private Wealth Advisors.
Not a Deposit. Not FDIC Insured. Not Guaranteed by the Bank. May
Lose Value. Not Insured by any Federal Government Agency.
INVESTOR CONTACT
Jocelyn Kukulka, 469.399.8544
investor.relations@texascapitalbank.com
MEDIA CONTACT
Julia Monter, 469.399.8425
Julia.monter@texascapitalbank.com
Texas Capital Bancshares (NASDAQ:TCBI)
Historical Stock Chart
From Apr 2024 to May 2024
Texas Capital Bancshares (NASDAQ:TCBI)
Historical Stock Chart
From May 2023 to May 2024