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PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

ALPS Advisors, Inc. to Close an Exchange Traded Fund

March 4, 2019

DENVER--(BUSINESS WIRE)--Mar 4, 2019--ALPS Advisors, Inc., acquired by SS&C, providing products and services to the financial services industry, today announced The Fund - Workplace Equality Portfolio (NYSE ARCA: EQLT) -- will close to new investors on April 25, 2019 and liquidate on April 29, 2019.

The decision to close the Fund was made by the ALPS ETF Trust’s Board of Trustees after consultation with ALPS Advisors, Inc., the investment adviser to the Fund. On consideration of the Fund’s inability to attract significant market interest since the Fund’s inception, its future viability as well as prospects for growth of the Fund’s assets in the foreseeable future, the Board determined that it was in the best interests of the Fund and its shareholders to liquidate the Fund’s shares, which are listed on the NYSE ARCA. The last day of trading for the Fund is scheduled to be Friday, April 26, 2019.

The Fund will immediately begin the process of closing down and liquidating its portfolio, which will increase the Fund’s cash holdings notwithstanding the Fund’s investment objective and strategies. From March 5, 2019 to April 26, 2019, shareholders may be able to sell their shares of the Fund, but there can be no assurance that there will be a market for the Fund’s shares.

Any person holding shares in the Fund as of the liquidation date will receive a cash distribution equal to the net asset value of their shares. Shareholders receiving this cash distribution will not incur transaction fees in connection with this distribution or the liquidation of their shares in the Fund. A portion of the distribution may represent an ordinary income dividend or a capital gain distribution.

For additional information about the liquidation, shareholders of the Fund may call ALPS at 844.375.8383 or visit www.eqltfund.com or www.alpsfunds.com.

About ALPS

ALPS, which was acquired by SS&C in April 2018, provides customized asset servicing and asset gathering solutions to the financial services community through an entrepreneurial culture based on the commitment to “Do Things Right.” Founded in 1985, ALPS continues to actively promote all of its various business segments, from asset servicing through ALPS Fund Services, Inc. to asset gathering through ALPS Portfolio Solutions Distributor, Inc. Headquartered in Denver, with offices in Boston, New York, Seattle, and Toronto, ALPS, a wholly-owned subsidiary of DST Systems, Inc., today represents more than 400 employees, over 200 clients, and an executive team that has been in place for more than 18 years. For more information about ALPS and its services, visit www.alpsinc.com. Information about ALPS products is available at www.alpsfunds.com.

About SS&C Technologies

SS&C is a global provider of investment and financial software-enabled services and software for the global financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 13,000 financial services and healthcare organizations, from the world’s largest institutions to local firms, manage and account for their investments using SS&C’s products and services.

Important Disclosures

An investor should consider the investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contain this and other information please contact your financial professional or call 1.844.375.8383. Read the prospectus carefully before investing.

Workplace Equality Portfolio shares are not individually redeemable. Investors buy and sell shares of the Workplace Equality Portfolio on a secondary market. Only market makers or “authorized participants” may trade directly with the Fund, typically in blocks of 50,000 shares.

The ability to invest based on artificial intelligence analytics is relatively new and untested. The Fund may invest a significant portion of its assets in securities issued by companies in the information technology sector in order to track the Underlying index’s allocation to that sector.

These types of funds typically have a high portfolio turnover that could increase transaction costs and cause short-term capital gains to be realized.

The Fund is not suitable for all investors. There are risks involved with investing in ETFs including the loss of money. The Fund is considered non-diversified and can invest a greater portion of assets in securities of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a diversified fund. Funds that emphasize investment in small/mid cap companies will generally experience grater price volatility. Diversification does not eliminate the risk of experiencing investment losses. ETFs are considered to have continuous liquidity because they allow for an individual to trade throughout the day.

Investing in companies based on artificial intelligence analytics involves the potential for market manipulation because online posts may be made with an intent to inflate, or otherwise manipulate, the public perception of a stock or other investment.

ALPS Portfolio Solutions Distributor, Inc. is the Distributor for the Workplace Equality Portfolio.

ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are affiliated

View source version on businesswire.com:https://www.businesswire.com/news/home/20190304005009/en/

CONTACT: Jeremy Held*

Director of Research

ALPS Advisors

303.623.2577

jeremy.held@alpsinc.com

*Registered Representative of ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc.

KEYWORD: UNITED STATES NORTH AMERICA COLORADO

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: ALPS Advisors

Copyright Business Wire 2019.

PUB: 03/04/2019 04:30 PM/DISC: 03/04/2019 04:30 PM

http://www.businesswire.com/news/home/20190304005009/en