Columbia Sustainable Global Equity Income ETF to close and liquidate
Columbia Sustainable Global Equity Income ETF will now close and liquidate its assets on or about 26 March, 2020, as further discussed below.
The last date for authorised participants to transact in creation units of Columbia Sustainable Global Equity Income ETF (the Liquidating ETF) will be 20 March, 2020.
The last day of trading in shares of the Liquidating ETF on NYSE Arca exchange is expected to be 20 March, 2020, after which the Liquidating ETF will no longer engage in business activities except for the purpose of winding down its affairs, including selling portfolio assets to raise cash for the liquidation, discharging or making reasonable provision for the payment of all of its liabilities and distributing its remaining assets to Liquidating ETF shareholders. This process will result in the Liquidating ETF not tracking its underlying index and increasing its cash holdings, which may not be consistent with the Liquidating ETF’s investment objective and principal investment strategies.
Shareholders may sell their shares on or before March 20, 2020 and may incur customary brokerage charges. Shareholders who do not sell their shares on or before 20 March, 2020 will receive cash equal to the amount of the net asset value of their shares as of the close of business on 24 March, 2020. The liquidating distribution is expected to be paid on or about 26 March, 2020 (the Distribution Date). While shareholders’ proportionate interests (ie, the number of ETF shares owned) in the Liquidating ETF is fixed as of the close of business on 20 March, 2020, the value of that interest may fluctuate, including decline, through the Distribution Date. The liquidating distributions will be made in cash. The Liquidating ETF’s investment manager will bear all out-of-pocket expenses incurred on behalf of the Liquidating ETF attributable to its liquidation.