AdvisorShares Announces Fund Closure
-FOR IMMEDIATE RELEASE-
AdvisorShares Announces Fund Closure
BETHESDA, Md. — March 31, 2020
AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced today that the AdvisorShares Cornerstone Small Cap ETF (NYSE Arca: SCAP) will close. The AdvisorShares Board of Trustees approved the closing and subsequent liquidation of the fund. The fund’s last day of trading will be April 9, 2020, which will also be the final day for creations or redemptions by authorized participants. The fund will cease operations, withdraw the assets, and distribute the remaining proceeds to shareholders on or after April 16, 2020.
About AdvisorShares
AdvisorShares is a leading provider of active ETFs. For financial professionals and investors requesting more information, call 1-877-843-3831 or visit www.advisorshares.com. Follow @AdvisorShares on Twitter and on Facebook for more insights.
Foreside Fund Services, LLC, distributor.
An investment in the ETFs is subject to risk, including the possible loss of principal amount invested. The risks associated with each Fund include the risks associated with the underlying ETFs, which can result in higher volatility, and are detailed in each Fund’s prospectus and on each Fund’s webpage. The Funds may not be suitable for all investors.
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Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by visiting www.advisorshares.com. Please read the prospectus carefully before you invest. Foreside Fund Services, LLC, distributor.
An investment in the Funds is subject to risk, including the possible loss of principal amount invested. The risks associated with each Fund include the risks associated with the underlying ETFs, which can result in higher volatility, and are detailed in each Fund’s prospectus and on each Fund’s webpage.