ALPS Advisors, Inc., Proposes Reorganization of Two Exchange Traded Funds
December 12, 2018
DENVER–(BUSINESS WIRE)–ALPS Advisors, Inc., acquired by SS&C, providing products and services
to the financial services industry, today announced that shareholders of
record as of December 19, 2018 of the Sprott Gold Miners ETF (NYSE ARCA:
SGDM) and Sprott Junior Gold Miners ETF (NYSE ARCA: SGDJ), each a series
of ALPS ETF Trust (the Funds), will be asked to approve a reorganization
of their respective Funds into newly-created exchange-traded funds
(ETFs) of the Sprott ETF Trust.
The proposed reorganizations of the Funds will allow shareholders the
opportunity to continue investing in corresponding new ETFs with the
same names and substantially the same investment objectives, investment
strategies, policies and risks as the Funds, except with respect to the
underlying index tracked by each Fund. The change of indices will not be
effective until after the closing of the reorganizations.
If approved by shareholders, the proposed reorganizations are expected
to close on or around February 15, 2019.
For additional information about the Funds or to receive free copies of
the Funds’ prospectus, SAI or other documents, shareholders may visit http://www.alpsfunds.com
or call 1.855.215.1425. To receive proxy documents, Fund shareholders
may call AST Fund Solutions, LLC, our proxy solicitation firm,
at 1.800.207.2872.
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 Distributors, Inc.
and ALPS Advisors, 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 1.855.215.1425. Read the prospectus carefully
before investing.
Sprott Gold Miners ETF and Sprott Junior Gold Miners ETF shares
are not individually redeemable. Investors buy and sell shares of the
funds on a secondary market. Only market makers or “authorized
participants” may trade directly with the Fund, typically in blocks of
50,000 shares.
The Funds are not suitable for all investors. There are risks involved
with investing in ETFs including the loss of money. The Funds are
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.
The Funds are concentrated in the gold and silver mining industry. As a
result, the Funds are sensitive to changes in, and its performance will
depend to a greater extent on, the overall condition of the gold and
silver mining industry. Also, gold and silver mining companies are
highly dependent on the price of gold and silver bullion. These prices
may fluctuate substantially over short periods of time so the Fund’s
Share price may be more volatile than other types of investments.
Funds that emphasize investments in small/mid cap companies will
generally experience greater price volatility. Funds investing in
foreign and emerging markets will also generally experience greater
price volatility.
There are risks involved with investing in ETFs including the loss of
money.
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.
ALPS Portfolio Solutions Distributor, Inc. is the Distributor for The
Sprott Gold Miners ETF and The Sprott Junior Gold Miners ETF.
Contacts
SS&C Technologies
Jen Molgano
Public Relations
+1 617
648 0948
jmogano@sscinc.com
