Definitive Materials Filed by Investment Companies. (497)
January 08 2020 - 6:01AM
Edgar (US Regulatory)
Virtus
Glovista Emerging Markets ETF (Ticker: EMEM) (the “Fund”),
a
series of ETFis Series Trust I (the “Trust”)
Supplement
dated January 7, 2020 to the
Prospectus
and Statement of Additional Information
dated
February 28, 2019
Important
Notice to Investors
The
Board of Trustees (the “Board”) of the Trust has authorized an orderly liquidation of the Fund, which is a series
of the Trust. None of the other series of the Trust are being liquidated. The Board has determined that closing and liquidating
the Fund is in the best interests of the Fund and its shareholders.
Prior
to and through the close of trading on the NYSE Arca, Inc. (the “Exchange”) on January 24, 2020, the Fund will undertake
the process of closing down and liquidating its portfolio. This process may result in the Fund not tracking its underlying index
and its cash holdings increasing, which may not be consistent with the Fund’s investment objective and strategies.
The
Fund will not accept creation and redemption unit orders from authorized participants after January 24, 2020. Trading on the Exchange
for the shares of the Fund will be suspended prior to the open of business on January 27, 2020. The final date of trading on the
Exchange for the Fund will be January 24, 2020. Shareholders may sell their shares on or before January 24, 2020 and may incur
customary brokerage charges. Shareholders who do not sell their shares on or before January 24, 2020 will receive cash equal to
the amount of the net asset value of their shares. Proceeds of the liquidation are currently scheduled to be sent to shareholders
on or about January 31, 2020. These payments may be taxable and will include any accrued capital gains and dividends. In addition,
the Fund may also pay a final clean-up distribution of any accrued capital gains and income in an amount necessary to comply with
any tax requirements applicable to the Fund to shareholders of record as of the close of trading on the Exchange on January 24,
2020. Please consult your tax advisor about the potential tax consequences.
For
additional information regarding the liquidation, shareholders of the Fund may call (888) 383-0553.
Investors
should retain this supplement for future reference.