Amplify ETF to liquidate Amplify Crowd Online Lending and Digital Banking (LEND) ETF | 2021-06-10 | Press Releases
CHICAGO, June 10, 2021 (GLOBE NEWSWIRE) – Amplify ETFs today announced the scheduled liquidation of the Amplify CrowdBureau Online Lending and Digital Banking (NYSE Arca: LEND) ETF (the “Fund & CloseCurlyDoubleQuote;”). Based on the recommendation of Amplify Investments LLC, the Fund’s investment advisor and CloseCurlyQuote ;, the board of directors of Amplify ETF Trust has unanimously determined that it is in the best interests of the Fund and of its shareholders to liquidate the Fund.
The Fund will no longer accept creation or redemption orders after the close of business on June 22, 2021. Shareholders may sell their LEND shares before the end of the trading day of June 25, 2021. Customary brokerage fees may apply to these transactions. . The Fund will cease its activities at the end of the trading day on June 25, 2021.
The Fund will be wound up and a final distribution to shareholders of the Fund is expected to take place on or around July 1, 2021. Anyone holding shares of the Fund on the date of liquidation will receive a cash redemption amount equal to the net asset value of their shares. to this date. Shareholders will generally recognize a capital gain or loss on any redemption.
Amplify Investments will bear all costs and expenses of the Fund that may be incurred by the Fund in connection with the liquidation and distribution of cash proceeds to investors, other than brokerage fees and other related expenses.
For more information on the liquidation, shareholders of the Fund can visit https://amplifyetfs.com/lend or call 855-267-3837.
About Amplify ETFs
Amplify ETFs, sponsored by Amplify Investments, total more than $ 4.3 billion in assets across its ETF lineup (as of 05/31/2021). Amplify believes that the ETF structure enhances the efficiency, transparency and flexibility of investors. Amplify ETFs provide broad investment opportunities for investors seeking growth, income and risk management strategies.
Gregory FCA for Amplify ETFs
Kerry Davis, 610-228-2098
Carefully consider the investment objectives, risk factors, fees and expenses of the Fund before investing. This and other information can be found in the Fund’s statutory and summary prospectus, which can be obtained by calling 855-267-3837 or by visiting AmplifyETFs.com . Read the prospectus carefully before investing.
Investing involves risks, including the possible loss of capital.
Amplify ETFs are distributed by Foreside Fund Services, LLC.