Pacer Advisors, Inc. to Close and Liquidate the Pacer Metaurus US Large Cap Dividend Multiplier 300 ETF (TRPL)
January 18 2024 - 8:30AM
Business Wire
After careful consideration, the Board of Trustees of Pacer
Funds Trust has determined to close and liquidate the Pacer
Metaurus US Large Cap Dividend Multiplier 300 ETF (NYSE: TRPL) (the
“Fund”). Pacer Advisors, Inc. (“Pacer Advisors”) serves as the
investment adviser to the Fund.
Effective on or about January 25, 2024, the Fund will begin
liquidating its portfolio assets. This will cause the Fund to
increase its cash holdings and deviate from the investment
objective and strategies stated in the Fund’s prospectus.
The Fund will no longer accept orders for new creation units
after the close of business on the business day prior to February
1, 2024 (the “Liquidation Date”), and trading in shares of the Fund
will be halted prior to market open on the Liquidation Date. Prior
to the Liquidation Date, shareholders may only be able to sell
their shares to certain broker-dealers, and there is no assurance
that there will be a market for the Fund’s shares during that time
period. Customary brokerage charges may apply to such
transactions.
On or about the Liquidation Date, the Fund will liquidate its
assets and distribute cash pro rata to all remaining shareholders.
These distributions are taxable events. Shareholders should contact
their tax advisor to discuss the income tax consequences of the
liquidation. In addition, these payments to shareholders will
include accrued capital gains and dividends, if any. As calculated
on the Liquidation Date, the Fund’s net asset value will reflect
the costs of closing the Fund, if any. Once the distributions are
complete, the Fund will terminate. Proceeds of the liquidation will
be sent to shareholders promptly after the Liquidation Date.
For additional information, please call 1-800-617-0004.
About Pacer:
Pacer ETFs is a strategy-driven exchange-traded fund provider
with 47 ETFs and over $35 billion in assets under management (as of
01/15/2024). Pacer ETFs is focused on addressing investors’ needs
through its six fund families, the Pacer Trendpilot® Series, Pacer
Cash Cows ETFTM Series, Pacer Custom ETF Series, Pacer Leaders ETF
Series, Pacer Factor ETF Series and Pacer Swan SOS ETF Series.
Pacer ETFs employs a rules-based, passive management approach to
track S&P, NASDAQ, FTSE Russell, and Custom Indexes. For more
information, please visit PacerETFs.com.
Carefully consider the Fund’s investment objective, risk
factors, charges, and expenses before investing. This and
additional information can be found in the Fund’s prospectus, which
may be obtained by calling (877) 337-0500, or by visiting
www.paceretfs.com. Read the prospectus
carefully before investing.
An investment in the Funds is subject to investment risk,
including the possible loss of principal. Pacer ETF shares may be
bought and sold on an exchange through a brokerage account.
Brokerage commissions and ETF expenses will reduce investment
returns. There can be no assurance that an active trading market
for ETF shares will be developed or maintained. The risks
associated with this fund are detailed in the prospectus and could
include factors such as concentration risk, derivatives risk,
dividends risk, equity market risk, ETF risks, futures contract
risk, government obligations risk, index provider risk,
large-capitalization investing risk, limited operating history
risk, non- diversification risk, other investment companies risk,
passive investment risk, tracking error risk, trading halt risk,
and/or special risks of exchange traded funds.
Metaurus Advisors LLC serves as investment sub-advisor to the
Fund.
NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED
Distributor: Pacer Financial, Inc., member FINRA, SIPC, an
affiliate of Pacer Advisors, Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20240117176654/en/
Media Contact Trevor Davis Gregory FCA for Pacer ETFs
215-475-5931 trevor@gregoryfca.com Company Contact Ashlee
Thomson for Pacer ETFs 610-981-6214
ashlee.thomson@pacerfinancial.com
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