SUMMIT, N.J.--(BUSINESS WIRE)--ETF Managers Group LLC (“ETFMG”) announced today that the Board of Trustees of the ETF Managers Trust has decided to close the Spirited Funds/ETFMG Whiskey & Spirits ETF (WSKY) based on an ongoing review of market demand. Effective immediately, WSKY will increase its cash holdings in contemplation of liquidation and will no longer accept creation orders.
Trading will be suspended on the NYSE Arca at the closing of the market on June 15, 2018. Proceeds of the liquidation are scheduled to be sent to shareholders on or before June 20, 2018. For additional information, shareholders can visit www.spiritedfunds.com.
ETFMG is a provider of exchange-traded funds (ETFs) helping investors conveniently access global thematic investments, commodity and futures exposures, and other unique strategies spanning ESG to artificial intelligence. We partner with asset managers and index providers that look thoroughly at the challenges and opportunities in the market. For more information, please visit www.etfmg.com.
Before investing, carefully consider the Fund’s investment objectives, 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 1-844-ETF-MGRS (1-844-383-6477), or by visiting www.spiritedfunds.com.
Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Narrowly focused investments typically exhibit higher volatility.
The fund is distributed by ETFMG Financial LLC, a FINRA registered broker-dealer, which is not affiliated with Spirited Funds LLC.