NEW
YORK, Sept. 16, 2022 /PRNewswire/ -- Due to the
inability to attract sufficient investment assets and based on the
recommendation of Emles Advisors LLC, the investment adviser to the
series of the Emles Trust, the Board of Trustees has decided to
liquidate and close the Trust's six Exchange-Traded Funds (the
"Funds"). As a result, the Board concluded that liquidating and
closing the Funds would be in the best interest of the Funds and
shareholders. The Funds to be liquidated are:
- Emles @Home ETF (ticker: LIV)
- Emles Alpha Opportunities ETF (ticker: EOPS)
- Emles Federal Contractors ETF (ticker: FEDX)
- Emles Luxury Goods ETF (ticker: LUXE)
- Emles Made in America ETF (ticker: AMER)
- Emles Real Estate Credit ETF (ticker: REC)
Shareholders of the Funds may sell their shares on the Cboe BZX
(the "Exchange") until the market close on October 19th, 2022, where transaction
fees from their broker-dealer may be incurred. The shares of the
Funds will no longer trade on the Exchange after market close on
October 19th, 2022, and
shares will subsequently be delisted. The Funds will stop accepting
creation orders from Authorized Participants on October 19th, 2022.
The Funds will liquidate on or about October 26th, 2022 (Liquidation Date).
Shareholders who continue to hold their shares on the Liquidation
Date will receive a liquidating distribution of cash portion of
their brokerage accounts equal to the amount of the net asset value
of their shares. Proceeds from the liquidation are currently
scheduled to be sent to shareholders the day after the Liquidation
Date. For tax purposes, shareholders will generally recognize a
capital gain or loss equal to the amount received for their shares
over their adjusted basis in such shares. Shareholders generally
will see a capital gain or loss on the redemptions and should
consult with and rely on their own independent tax and legal
professionals about potential tax consequences.
The final tax status of distributions made by the Funds will be
provided to shareholders with the year-end tax reporting for the
Funds (including any portion which may be treated as a return of
capital for tax purposes, thereby reducing shareholder's basis in
such shares).
To complete their liquidation, each Fund will be increasing its
cash position through the sale of portfolio assets and will deviate
from the investment objective and strategies stated in the Fund's
prospectus. This may adversely affect a Fund's performance. As a
result, the Fund's tracking error relative to its benchmark index
(where applicable) may be materially impacted.
For the current list of Emles offerings, go
to www.emles.com
About Emles Advisors LLC – founded by Gabriel Hammond and Dave
Saxena, Emles is an asset manager dedicated to developing
unique, differentiated investment strategies for retail investors,
financial advisors and institutional clients.
Disclosures
Investors should consider the investment objectives, risks,
charges and expenses of the funds carefully before investing. This
and other information are contained in the Fund's prospectus, which
may be obtained by visiting www.emles.com or by calling +1 (833)
673-2661. Please read the prospectus carefully before you
invest.
Foreside Fund Services, LLC, Distributor
Media Contact:
Matt Yemma
myemma@peaksstrategies.com
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SOURCE Emles Advisors