Defiance Announces Fund Closure
April 01 2022 - 4:30PM
Business Wire
Defiance ETFs announced today that the Board of Trustees of ETF
Series Solutions (the "Trust") has determined to close and
liquidate the Defiance Next Gen Big Data ETF (NYSE: BIGY) (the
"Fund") effective immediately after the close of business on April
29, 2022. Defiance ETFs recommended the liquidation and closure of
the Fund after consideration of the Fund's prospects for growth,
among other factors.
The Fund's last day of trading will be April 28, 2022, which
will also be the final day for creation unit orders by authorized
participants. The Fund will conclude operations and distribute the
remaining proceeds to shareholders promptly after April 29, 2022.
Shareholders who do not sell their Fund shares by this date will
have their shares automatically redeemed for cash based on the
Fund's net asset value (NAV). Customary brokerage charges may apply
to transactions to sell Fund shares. Shareholders should contact
their tax advisor to discuss the income tax consequences of the
liquidation.
For additional information, please call 1-833-333-9383.
The Fund's investment objectives, risks, charges, and expenses
must be considered carefully before investing. The prospectus and
summary prospectus contain this and other important information
about the investment company. The prospectus can be obtained by
calling 1-833-333-9383 Please read it carefully before
investing.
Investing involves risk. Principal loss is possible.
A commission may apply when buying or selling an ETF.
Defiance ETFs are distributed by Foreside Fund Services,
LLC.
Related Links
https://defianceetfs.com
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Defiance ETFs 1-833-333-939 info@defianceetfs.com
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