OKLAHOMA
CITY, Aug. 26, 2024 /PRNewswire/ -- The Board of
Trustees of ETF Series Solutions, upon a recommendation from
Exchange Traded Concepts, LLC, the investment adviser to the Blue
Horizon BNE ETF, (the "Fund"), has determined to close and
liquidate the Fund immediately after the close of business on
September 27, 2024 (the "Liquidation
Date"). Shares of the Fund are listed on the New York Stock
Exchange Arca, Inc.
Effective on or about September 18,
2024, the Fund will begin liquidating its portfolio assets.
This will cause the Fund to increase its cash holdings and deviate
from the investment objective and strategies stated in the Fund's
prospectus.
The Fund will no longer accept orders for new creation units
after the close of business on the business day prior to the
Liquidation Date, and trading in shares of the Fund will be halted
prior to market open on the Liquidation Date. Prior to the
Liquidation Date, shareholders may only be able to sell their
shares to certain broker-dealers, and there is no assurance that
there will be a market for the Fund's shares during that time
period. Customary brokerage charges may apply to such
transactions.
On or about the Liquidation Date, the Fund will liquidate its
assets and distribute cash pro rata to all remaining shareholders.
These distributions are taxable events. Distributions made to
shareholders should generally be treated as received in exchange
for shares and will therefore generally give rise to a capital gain
or loss depending on a shareholder's tax basis. Shareholders should
contact their tax advisor to discuss the income tax consequences of
the liquidation. As calculated on the Liquidation Date, the Fund's
net asset value will reflect the costs of closing the Fund, if any.
Once the distributions are complete, the Fund will terminate.
Proceeds of the liquidation will be sent to shareholders promptly
after the Liquidation Date.
For additional information, please call 1-800-617-0004.
Please retain this Supplement with your Summary Prospectus,
Prospectus, and SAI for future reference.
Investors should consider the investment objectives, risks,
charges and expenses carefully before investing.
For a prospectus or summary prospectus with this and other
information about the Fund, please call (800) 617-0004 or visit our
website at https://www.bne-etf.com/. Read the
prospectus or summary prospectus carefully before
investing.
Investments involve risk. Principal loss is possible. The fund
may trade at a premium or discount to NAV. Shares of any ETF are
bought and sold at market price (not NAV) and are not individually
redeemed from the Fund. Brokerage commissions will reduce returns.
As a result, the value of the Fund's shares may rise and fall more
than the value of shares of a fund that invests in securities of
companies in a broader range of industries.
Exchange Traded Concepts, LLC is advisor to the fund. Blue
Horizon serves as the index provider. The fund is distributed by
Quasar Distributors, LLC which is not affiliated with Blue
Horizon, Exchange Traded Concepts, LLC, or any of their
affiliates.
Investment Products and Services:
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
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SOURCE Exchange Traded Concepts, LLC