Home etfexpress.com Amplify ETFs to liquidate Amplify EASI Tactical Growth ETF

Amplify ETFs to liquidate Amplify EASI Tactical Growth ETF

Amplify ETFs is to liquidate the the Amplify EASI Tactical Growth ETF (EASI). Based upon the recommendation of Amplify Investments LLC, the Fund’s investment adviser, the Board of Trustees of the Amplify ETF Trust unanimously determined that it was in the best interests of the Fund and its shareholders to liquidate the Fund.

The Fund will no longer accept creation or redemption orders after the close of business on July 2, 2020. Trading in shares of the Fund will be halted prior to market open on July 6, 2020. Shareholders may sell their shares in the Fund on NYSE Arca until market close on 2 July, 2020. Customary brokerage charges may apply to these transactions.

The final distribution to shareholders of the Fund is expected to occur on or around July 9, 2020. Any person holding shares in the Fund as of the liquidation date will receive a cash redemption amount equal to the net asset value of their shares as of that date. Shareholders generally will recognise a capital gain or loss on any redemption.

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