ALPS Advisors, Inc., Proposes Reorganization of Two Exchange Traded Funds
12 Dezember 2018 - 10:30PM
Business Wire
ALPS Advisors, Inc., acquired by SS&C, providing products
and services to the financial services industry, today announced
that shareholders of record as of December 19, 2018 of the Sprott
Gold Miners ETF (NYSE ARCA: SGDM) and Sprott Junior Gold Miners ETF
(NYSE ARCA: SGDJ), each a series of ALPS ETF Trust (the Funds),
will be asked to approve a reorganization of their respective Funds
into newly-created exchange-traded funds (ETFs) of the Sprott ETF
Trust.
The proposed reorganizations of the Funds will allow
shareholders the opportunity to continue investing in corresponding
new ETFs with the same names and substantially the same investment
objectives, investment strategies, policies and risks as the Funds,
except with respect to the underlying index tracked by each Fund.
The change of indices will not be effective until after the closing
of the reorganizations.
If approved by shareholders, the proposed reorganizations are
expected to close on or around February 15, 2019.
For additional information about the Funds or to receive free
copies of the Funds’ prospectus, SAI or other documents,
shareholders may visit http://www.alpsfunds.com or call
1.855.215.1425. To receive proxy documents, Fund shareholders may
call AST Fund Solutions, LLC, our proxy solicitation firm,
at 1.800.207.2872.
About ALPS
ALPS, which was acquired by SS&C in April 2018, provides
customized asset servicing and asset gathering solutions to the
financial services community through an entrepreneurial culture
based on the commitment to “Do Things Right.” Founded in 1985, ALPS
continues to actively promote all of its various business segments,
from asset servicing through ALPS Fund Services, Inc. to asset
gathering through ALPS Distributors, Inc. and ALPS Advisors, Inc.
Headquartered in Denver, with offices in Boston, New York, Seattle,
and Toronto, ALPS, a wholly-owned subsidiary of DST Systems, Inc.,
today represents more than 400 employees, over 200 clients, and an
executive team that has been in place for more than 18 years. For
more information about ALPS and its services, visit
www.alpsinc.com. Information about ALPS products is available at
www.alpsfunds.com.
About SS&C Technologies
SS&C is a global provider of investment and financial
software-enabled services and software for the global financial
services and healthcare industries. Founded in 1986, SS&C is
headquartered in Windsor, Connecticut and has offices around the
world. Some 13,000 financial services and healthcare organizations,
from the world's largest institutions to local firms, manage and
account for their investments using SS&C's products and
services.
Important Disclosures
An investor should consider the investment objectives, risks,
charges and expenses carefully before investing. To obtain a
prospectus, which contain this and other information please contact
your financial professional or call 1.855.215.1425. Read the
prospectus carefully before investing.
Sprott Gold Miners ETF and Sprott Junior Gold Miners ETF
shares are not individually redeemable. Investors buy and sell
shares of the funds on a secondary market. Only market makers or
“authorized participants” may trade directly with the Fund,
typically in blocks of 50,000 shares.
The Funds are not suitable for all investors. There are risks
involved with investing in ETFs including the loss of money. The
Funds are considered non-diversified and can invest a greater
portion of assets in securities of individual issuers than a
diversified fund. As a result, changes in the market value of a
single investment could cause greater fluctuations in share price
than would occur in a diversified fund.
The Funds are concentrated in the gold and silver mining
industry. As a result, the Funds are sensitive to changes in, and
its performance will depend to a greater extent on, the overall
condition of the gold and silver mining industry. Also, gold and
silver mining companies are highly dependent on the price of gold
and silver bullion. These prices may fluctuate substantially over
short periods of time so the Fund’s Share price may be more
volatile than other types of investments.
Funds that emphasize investments in small/mid cap companies will
generally experience greater price volatility. Funds investing in
foreign and emerging markets will also generally experience greater
price volatility.
There are risks involved with investing in ETFs including the
loss of money.
Diversification does not eliminate the risk of experiencing
investment losses.
ETFs are considered to have continuous liquidity because they
allow for an individual to trade throughout the day.
ALPS Portfolio Solutions Distributor, Inc. is the Distributor
for The Sprott Gold Miners ETF and The Sprott Junior Gold Miners
ETF.
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version on businesswire.com: https://www.businesswire.com/news/home/20181212005518/en/
SS&C TechnologiesJen MolganoPublic Relations+1 617 648
0948jmogano@sscinc.com
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