Year End Distribution 

2025

AdvisorShares | 2025 ETF Year-End Distribution Estimates
(As of 12/19/2025)
Declare Date: 12/19/2025; Ex-Distribution Date: 12/22/2025; Record Date: 12/22/2025; Payable Date: 12/29/2025.

2025 Final Distributions

This notice is provided for informational purposes and should not be considered tax advice. Please consult with a tax advisor if you have any questions regarding tax rates for fund distributions.

All estimates are subject to significant changes based on a number of factors, including but not limited to changes in the number of shares outstanding, fund-level tax adjustments, changes in income that may occur prior to record date, reclassification, and other factors. These factors may also result in some ETFs, which currently show no estimated dividends or capital gain distributions, to make distributions at year-end.

The final per share amounts will be based on the actual number of shares outstanding on the record date, which may differ from the number of shares outstanding when these estimates were prepared.

This notice contains forward-looking statements with respect to the estimated December 2024 capital gain distributions for the AdvisorShares ETFs. Readers are cautioned not to place undue reliance on these forward-looking statement. AdvisorShares ETFs do not undertake any obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or circumstances after this date to reflect the occurrence of any unanticipated events.

Actual results may vary in a materially positive or negative manner. Forecasts and declared distributions are subject to contingencies outside of AdvisorShares ETF’s control.

The table is intended to provide information about the potential tax characterization of the Funds’ distributions. It is not intended as tax advice. The tax consequences of Fund distributions vary by individual taxpayer. You should consult your tax professional or financial advisor for more information regarding your tax situation. To receive a distribution, you must be a registered shareholder of the Fund on the indicated record date(s). Distributions are paid to shareholders on the payable date(s).

Investing in ETFs involves risk including possible loss of principal. See the prospectus for a complete description of the principal risks.

Investors should consider the investment objectives, risks, charges, and expenses of the Funds carefully before investing. A prospectus, containing this and other information is available by visiting the Funds’website at www.AdvisorShares.com. Investors should read the prospectus carefully before investing.