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