BETHESDA, Md., Sept. 25, 2019 /PRNewswire/ -- The AdvisorShares
Pure Cannabis ETF (NYSE Arca: YOLO) the first actively managed
cannabis ETF and the only cannabis ETF with exposure to U.S.
multi-state operators ("MSOs") will pay its first quarterly income
distribution to shareholders of record on September 26, 2019 of $863,377.06 or $0.27596 per share. As previously
announced, YOLO will continue to distribute quarterly income
payments to shareholders of record.
ETF
|
AdvisorShares Pure
Cannabis ETF
|
Ticker
|
YOLO
|
Distribution
Amount
|
$0.27596 Per
Share
|
Ex-Date
|
September 25,
2019
|
Record
Date
|
September 26,
2019
|
Payable
Date
|
September 30,
2019
|
Before investing you should carefully consider the Fund's
investment objectives, risks, charges and expenses. This and other
information is in the prospectus, a copy of which may be obtained
by visiting the Fund's website at www.AdvisorShares.com.
Please read the prospectus carefully before you invest.
Foreside Fund Services, LLC, distributor.
The Fund is subject to a number of risks that may affect the
value of its shares. Each investor should review the complete
description of the principal risks before investing in the Fund. As
with investing in other securities whose prices increase and
decrease in market value, you may lose money by investing in the
Fund.
Cannabis-Related Company Risk. Cannabis-related companies
are subject to various laws and regulations that may differ at the
state/local and federal level. These laws and regulations may (i)
significantly affect a cannabis-related company's ability to secure
financing, (ii) impact the market for marijuana industry sales and
services, and (iii) set limitations on marijuana use, production,
transportation, and storage. Cannabis-related companies may also be
required to secure permits and authorizations from government
agencies to cultivate or research marijuana. In addition,
cannabis-related companies are subject to the risks associated with
the greater agricultural industry, including changes to or trends
that affect commodity prices, labor costs, weather conditions, and
laws and regulations related to environmental protection, health
and safety. Cannabis-related companies may also be subject to risks
associated with the biotechnology and pharmaceutical industries.
These risks include increased government regulation, the use and
enforcement of intellectual property rights and patents,
technological change and obsolescence, product liability lawsuits,
and the risk that research and development may not necessarily lead
to commercially successful products.
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SOURCE AdvisorShares