iMGP DBi Hedge Strategy ETF Fund closed
July 24 2024 - 5:30PM
Business Wire
Consistent with the recommendation of iM Global Partner Fund
Management, LLC, the adviser to the iMGP DBi Hedge Strategy ETF
(the “Fund”), the Board of Trustees determined on July 23, 2024 to
liquidate and close the Fund.
Shareholders of the Fund may sell their shares on the NYSE until
the market close on September 16, 2024, where transaction fees from
their broker-dealer may be incurred. The shares of the Fund will no
longer trade on the NYSE after the market close on September 16,
2024, and shares will be subsequently de-listed. The Fund will stop
accepting creation orders from Authorized Participants on September
16, 2024.
The Fund will liquidate on or about September 20, 2024
(Liquidation Date). Shareholders who continue to hold their shares
on the Liquidation Date will receive a liquidating distribution of
cash in the cash portion of their brokerage accounts equal to the
amount of the net asset value of their shares. Proceeds from the
liquidation are currently scheduled to be sent to shareholders the
day after the Liquidation Date. For tax purposes, shareholders will
generally recognize a capital gain or loss equal to the amount
received for their shares over the adjusted basis in such shares.
Shareholders generally will see a capital gain or loss on the
redemptions and should consult with and rely on their own
independent tax and legal professionals about potential tax
consequences.
The final tax status of distributions made by the Fund will be
provided to shareholders with year-end tax reporting for the Fund
(including any portion which may be treated as a return of capital
for tax purposes, thereby reducing a shareholder’s basis in such
shares).
To complete the liquidation, the Fund will be increasing its
cash portion through the sale of portfolio assets and will deviate
from the investment objective and strategies stated in the Fund’s
prospectus. This may adversely affect the Fund’s performance.
For additional information about the liquidation, shareholders
of the Fund may visit our website: imgpfunds.com.
About iM Global Partner
iM Global Partner is an asset manager with a difference. We are
a dynamic network of specialist boutique investment managers,
delivering best-in-class solutions, across asset classes, to our
discerning Institutional and Professional Investors across the
globe. We are proud to call these businesses our Partners and they
are the essence of what iM Global Partner stands for. We had
approximately USD $45 billion in assets as of the end of June
2024.
For more information, visit imgp.com
The Fund’s investment objectives, risks, charges, and
expenses must be considered carefully before investing. The
statutory and summary prospectuses contain this and other important
information about the investment company, and it may be obtained by
visiting www.imgpfunds.com. Read it carefully before
investing.
Exchange-Traded Funds (ETFs) are subject to market risk,
including the loss of principal. Shares of ETFs are bought and sold
at market price (not NAV) and are not individually redeemed from
the Fund. Any applicable brokerage commissions will reduce
returns.
The Fund is distributed by ALPS Distributors, Inc.
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Jeff Seeley (Los Angeles) (323) 238-4518
Roselle Mansur (Los Angeles) (310) 615-5199
media@imgp.com