BOSTON--(BUSINESS WIRE)--Today, Columbia Sustainable Global Equity Income ETF (NYSE Arca: ESGW) announced that it will close and liquidate its assets on or about March 26, 2020, as further discussed below.
The last date for authorized participants to transact in creation units of Columbia Sustainable Global Equity Income ETF (the Liquidating ETF) will be March 20, 2020.
The last day of trading in shares of the Liquidating ETF on NYSE Arca exchange is expected to be March 20, 2020, after which the Liquidating ETF will no longer engage in business activities except for the purpose of winding down its affairs, including selling portfolio assets to raise cash for the liquidation, discharging or making reasonable provision for the payment of all of its liabilities and distributing its remaining assets to Liquidating ETF shareholders. This process will result in the Liquidating ETF not tracking its underlying index and increasing its cash holdings, which may not be consistent with the Liquidating ETF’s investment objective and principal investment strategies.
Shareholders may sell their shares on or before March 20, 2020 and may incur customary brokerage charges. Shareholders who do not sell their shares on or before March 20, 2020 will receive cash equal to the amount of the net asset value of their shares as of the close of business on March 24, 2020. The liquidating distribution is expected to be paid on or about March 26, 2020 (the Distribution Date). While shareholders’ proportionate interests (i.e., the number of ETF shares owned) in the Liquidating ETF is fixed as of the close of business on March 20, 2020, the value of that interest may fluctuate, including decline, through the Distribution Date. The liquidating distributions will be made in cash. The Liquidating ETF’s investment manager will bear all out-of-pocket expenses incurred on behalf of the Liquidating ETF attributable to its liquidation.
Please see the Liquidating ETF’s supplement dated February 14, 2020 for important information regarding this liquidation. For more information about the liquidation and closure process, please contact Columbia Threadneedle Investments at 888.800.4347.
Investors should carefully consider the investment objectives, risks, charges and expenses of a fund before investing. To obtain a prospectus containing this and other important information, please call 888.800.4347 or visit columbiathreadneedleus.com/investment-products/exchange-traded-funds/ to view or download a prospectus. Read the prospectus carefully before investing.
ETF shares are not individually redeemable. Investors buy and sell shares on a secondary market. Only market makers or “authorized participants” may trade directly with the ETF, typically in blocks of 50,000 shares.
Columbia Management Investment Advisers, LLC serves as the investment manager to Columbia Sustainable Global Equity Income ETF. The Columbia ETFs are distributed by ALPS Distributors, Inc., which is not affiliated with Columbia Management Investment Advisers, LLC, or its parent company Ameriprise Financial, Inc. Columbia Threadneedle Investments is the global brand name of the Columbia and Threadneedle group of companies.
© 2020 Columbia Management Investment Advisers, LLC. All rights reserved.
Adtrax 2947713 CET001005 Exp. 01/31/2021