AdvisorShares Announces the Closing of Two Funds

Dec 31, 2014, 13:30 ET from AdvisorShares

BETHESDA, Md., Dec. 31, 2014 /PRNewswire/ -- AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced today that the AdvisorShares Accuvest Global Opportunities ETF (NYSE Arca: ACCU) and the AdvisorShares Athena International Bear ETF (NYSE Arca: HDGI) will close. The AdvisorShares Board of Trustees approved the closings and subsequent liquidations of ACCU and HDGI. Following their last day of trading on January 9, 2015, both ETFs will cease operations, withdraw their assets, and distribute the remaining proceeds to shareholders on or after January 16, 2015.

Noah Hamman, chief executive officer of AdvisorShares, said, "As we do with our entire active ETF suite, we continuously assess performance and if our products are growing towards meeting shareholder and investor needs. After a careful, thorough review and close collaboration with the sub-advisors, we determined it was in our collective best interests to close these funds."

For media inquiries requesting more information on AdvisorShares, please contact Ryan Graham at 202-684-6442 or rg@advisorshares.com.  For financial professionals and investors requesting more information, please visit www.advisorshares.com or call the AdvisorShares Investment Consultant Team at 1-877-THE-ETF1 (1-877-843-3831).

About AdvisorShares

AdvisorShares is one of the leading providers of actively managed ETFs. As of December 26, 2014, AdvisorShares offers 26 active ETFs with $1.3 billion of assets under management. AdvisorShares provides educational support to help financial advisors and investors understand the benefits of actively managed ETFs and their underlying investment strategies.

Please visit www.advisorshares.com to register for free weekly economic commentary. For educational insight into the active ETF marketplace, visit www.alphabaskets.com, follow @AdvisorShares on Twitter and 'Like' us on Facebook. Every Thursday at 4:00pm EST, AdvisorShares hosts an educational conference call for Financial Professionals featuring our portfolio managers and leading investment industry experts—Dial: 1-800-977-8002; Code: 777534#

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 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.

Press Contact:
Ryan Graham
AdvisorShares
202-684-6442   
rg@advisorshares.com  

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SOURCE AdvisorShares



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