AdvisorShares Announces Fund Closure

 FOR IMMEDIATE RELEASE

AdvisorShares Announces Fund Closure

Bethesda, MD. — August 17, 2022 — AdvisorShares, a leading sponsor of actively managed ETFs, announced today that the AdvisorShares North Square McKee ESG Core Bond ETF (NYSE Arca: MENV) 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 August 31, 2022, 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 about September 7, 2022.

About AdvisorShares
AdvisorShares is a leading provider of actively managed ETFs. For financial professionals and investors requesting more information, call 1-877-843-3831 or visit www.advisorshares.com. Follow @AdvisorShares on Twitter and Facebook for more insights.

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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 the Fund’s website at www.AdvisorShares.com. Please read the prospectus carefully before you invest.

Foreside Fund Services, LLC, distributor.

An investment in the ETF 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 Fund may not be suitable for all investors.

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