CHICAGO, June 10, 2021 (GLOBE NEWSWIRE) — Amplify ETFs at this time introduced the scheduled liquidation of the Amplify CrowdBureau On-line Lending and Digital Banking ETF (NYSE Arca: LEND) (the “Fund”). Primarily based upon the advice of Amplify Investments LLC, the Fund’s Funding Adviser, the Board of Trustees of the Amplify ETF Belief unanimously decided that it was in the very best pursuits of the Fund and its shareholders to liquidate the Fund.
The Fund will not settle for creation or redemption orders after the shut of enterprise on June 22, 2021. Shareholders could promote their shares in LEND previous to the top of the buying and selling day on June 25, 2021. Customary brokerage fees could apply to those transactions. The Fund will stop buying and selling on the finish of the buying and selling day on June 25, 2021.
The Fund will likely be liquidated and a ultimate distribution to shareholders of the Fund is predicted to happen on or round July 1, 2021. Any particular person holding shares within the Fund as of the liquidation date will obtain a money redemption quantity equal to the web asset worth of their shares as of that date. Shareholders usually will acknowledge a capital acquire or loss on any redemption.
Amplify Investments will bear all Fund charges and bills which may be incurred by the Fund in reference to the liquidation and distribution of money proceeds to buyers, different that brokerage charges and different associated bills.
For extra details about the liquidation, shareholders of the Fund could go to https://amplifyetfs.com/lend, or name 855-267-3837.
About Amplify ETFs
Amplify ETFs, sponsored by Amplify Investments, has over $4.3 billion in belongings throughout its suite of ETFs (as of 5/31/2021). Amplify believes the ETF construction empowers buyers via effectivity, transparency and suppleness. Amplify ETFs ship expanded funding alternatives for buyers in search of development, revenue, and risk-managed methods.
Gross sales Contact:
Gregory FCA for Amplify ETFs
Kerry Davis, 610-228-2098
Rigorously take into account the Fund’s funding targets, danger components, fees and bills earlier than investing. This and extra data might be discovered within the Fund’s statutory and abstract prospectus, which can be obtained by calling 855-267-3837 or by visiting AmplifyETFs.com. Learn the prospectus rigorously earlier than investing.
Investing entails danger, together with the potential lack of principal.
Amplify ETFs are distributed by Foreside Fund Providers, LLC.