iMGP DBi Hedge Strategy ETF Fund closed

LOS ANGELES--(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.