Pacer Advisors, Inc. to Close and Liquidate the Pacer Military Times Best Employers ETF (VETS)
June 29 2021 - 4:00PM
Business Wire
After careful consideration, the Board of Trustees of Pacer
Funds Trust has determined to close and liquidate the Pacer
Military Times Best Employers ETF (NASDAQ: VETS) (the “Fund”).
Pacer Advisors, Inc. (“Pacer Advisors”) serves as the investment
adviser to the Fund.
The Fund will be closed to orders for new creation units as of
July 27, 2021 and the last day of trading of the Fund’s shares on
the Nasdaq Exchange will be July 27, 2021. From July 16, 2021
through July 27, 2021, 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 Fund shares during that time period.
Customary brokerage charges may apply to such transactions. The
Fund will liquidate on or around July 29, 2021 (the “Liquidation
Date”).
Beginning on July 23, 2021, the Fund will be 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.
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. 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. Once the
distributions are complete, the Fund will terminate.
For additional information, please call (877) 337-0500 or visit
www.paceretfs.com.
About Pacer:
Pacer ETFs is a strategy-driven exchange-traded fund provider
with 35 ETFs and over $7.4 billion in assets under management, as
of June 1, 2021. Pacer ETFs is focused on addressing investors’
needs through its six fund families, the Pacer Trendpilot® Series,
Pacer Cash Cows Index® Series, Pacer Custom ETF Series, Pacer
Leaders ETF Series, Pacer Factor ETF Series and Pacer Swan SOS ETF
Series.
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 these funds are detailed in the prospectus and
could include factors such as calculation methodology risk, ETF
risks, concentration risk, equity market risk, index criteria risk,
international operations risk, market capitalization risk, limited
operating history risk, non-diversification risk, passive
investment risk, sector risk, tracking risk, and/or special risks
of exchange traded funds.
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/20210629005989/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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