Cabot Growth ETF (CBTG) Announces Closing in February 2022 | State
SOUTHFIELD, Mich., January 13, 2022 /PRNewswire/ — After careful consideration and on the recommendation of Cabot ETF Partners, LLC, the investment advisor to the Cabot Growth ETF (the “Fund”), the Listed Funds Trust Board of Directors has approved the closing and liquidation subsequent liquidation of the Fund pursuant to the terms of a plan of liquidation. Accordingly, the Fund is expected to cease operations, liquidate its assets and distribute the liquidation proceeds to shareholders of record on or about February 2, 2022 (the “Liquidation Date”). The shares of the Fund are listed on the Cboe BZX Exchange, Inc.
Beginning on or about January 17, 2022 and until the date of liquidation, the Fund will liquidate the assets of its portfolio. Accordingly, during this period, the Fund will increase its cash holdings and deviate from its investment objective, investment strategies and investment policies as set out in the Prospectuses and SAI of Funds.
The Fund will no longer accept orders for new Creation Units after the close of business on the business day preceding the liquidation date, and trading in the shares of the Fund will be halted prior to the opening of the market on the liquidation date. Prior to the Liquidation Date, shareholders may only sell their shares to certain brokers and there can be no assurance that there will be a market for the shares of the Fund during this period. Usual brokerage fees may apply to these transactions.
If no action is taken by a shareholder of the Fund before the liquidation date, the Fund will distribute to such shareholder on or immediately after the liquidation date a liquidation cash distribution equal to the net asset value of the shares of the the shareholder at the close of business on the liquidation date. This amount will include accrued capital gains and dividends. Shareholders remaining in the Fund on the Liquidation Date will not be charged any transaction fees by the Fund. The liquidation cash distribution to shareholders will be treated as payment for their shares. The liquidation of your shares may be considered a taxable event. Shareholders should contact their tax adviser to discuss the tax consequences of liquidation.
Shareholders can call (800) 617-0004 for more information.
Please retain this supplement with your simplified prospectus, prospectus and additional information statement for future reference.
Details are posted on www.cabotetfpartners.com
Contact: [email protected]
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SOURCE Cabot ETF Partners