Skip to main content

RYZZ Capital Management To Close Managed Futures ETF

RYZZ Capital Management is to close and liquidate the RYZZ Managed Futures Strategy Plus ETF after the close of business on May 29, 2020. RYZZ Capital Management recommended the liquidation and closure of the Fund after consideration of the Fund's prospects for growth in the wake of the Covid-19 pandemic and its adverse impact on RYZZ Capital Management's ability to engage in business development activities in 2020 and beyond, among other factors.

The Fund's last day of trading will be May 28, 2020, which will also be the final day for creation unit orders by authorized participants. The Fund will begin liquidating its portfolio assets on or about May 21, 2020, which 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 conclude operations and distribute the remaining proceeds to shareholders promptly after May 29, 2020. Shareholders who do not sell their Fund shares by this date will have their shares automatically redeemed for cash based on the Fund's net asset value (NAV). Customary brokerage charges may apply to transactions to sell Fund shares. Shareholders should contact their tax advisor to discuss the income tax consequences of the liquidation.

© The Sortino Group Ltd

All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or scanning or otherwise, except under the terms of the Copyright, Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency or other Reprographic Rights Organisation, without the written permission of the publisher. For more information about reprints from AlphaWeek, click here.