ALPS to Close an Exchange Traded Fund

DENVER--()--ALPS, a subsidiary of DST Systems, Inc. (NYSE: DST) providing products and services to the financial services industry, today announced the liquidation of one Fund of the ALPS ETF Trust.

The Fund -- U.S. Equity High Volatility Put Write Index Fund (NYSE ARCA: HVPW) -- will close to new investors on June 21, 2017 and liquidate on June 26, 2017.

The decision to close the Fund was made by the ALPS ETF Trust’s Board of Trustees after consultation with ALPS Advisors, Inc., the investment adviser to the Fund. On consideration of current market conditions, as well as prospects for growth in the Fund’s assets among other considerations, the Board determined that it was in the best interests of the Fund and its shareholders to liquidate the Fund’s shares, which are listed on the NYSE ARCA. The last day of trading for the Fund is scheduled to be Friday, June 23, 2017.

The Fund will immediately begin the process of closing down and liquidating its portfolio, which will increase the Fund’s cash holdings notwithstanding the Fund’s investment objective and strategies. There can be no assurance that there will be a market for the Fund’s shares between the last day of trading on NYSE Arca (June 23, 2017) and the liquidation date (June 26, 2017).

Any person holding shares in the Fund as of the liquidation date will receive a cash distribution equal to the net asset value of their shares. Shareholders receiving this cash distribution will not incur transaction fees in connection with this distribution or the liquidation of their shares in the Fund. A portion of the distribution may represent an ordinary income dividend or a capital gain distribution.

For additional information about the liquidation, shareholders of the Fund may call ALPS at 855.325.8020 or visit www.alpsfunds.com.

About ALPS

Through its subsidiary companies, ALPS Holdings, Inc. is a leading provider of innovative investment products and customized servicing solutions to the financial services industry. Founded in 1985, Denver-based ALPS delivers its Asset Management and Asset Servicing Solutions through offices in Boston, New York, Seattle, and Toronto. ALPS is a wholly owned subsidiary of Kansas City-based DST Systems, Inc. For more information about ALPS and its services, visit www.alpsinc.com. Information about ALPS products is available at www.alpsfunds.com.

About DST

DST Systems, Inc. (NYSE: DST) is a leading provider of specialized technology, strategic advisory, and business operations outsourcing to the financial and healthcare industries. We enable clients to transform complexity into strategic advantage by helping them continually stay ahead of and capitalize on ever-changing customer, business and regulatory requirements in the world’s most demanding industries. For more information, visit the DST website at www.dstsystems.com.

ALPS Portfolio Solutions Distributor, Inc. is the Distributor for the Fund.

Contacts

DST Global Public Relations
Laura M. Parsons, +1-816-843-9087
mediarelations@dstsystems.com
or
ALPS Client Relations
Jennifer Levesque*, +1-303-623-2577
jennifer.levesque@alpsinc.com
*Registered Representatives of ALPS Portfolio Solutions Distributor, Inc.

Contacts

DST Global Public Relations
Laura M. Parsons, +1-816-843-9087
mediarelations@dstsystems.com
or
ALPS Client Relations
Jennifer Levesque*, +1-303-623-2577
jennifer.levesque@alpsinc.com
*Registered Representatives of ALPS Portfolio Solutions Distributor, Inc.