BETHESDA, Md., March 16, 2017 /PRNewswire/ -- AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced today that the AdvisorShares Athena High Dividend ETF (NYSE Arca: DIVI) will no longer close and liquidate as previously announced on March 13, 2017. Instead, the ETF will remain open.
"While our original intention was to close DIVI, we have elected to keep the ETF open," said Noah Hamman, chief executive officer of AdvisorShares.
The AdvisorShares Board of Trustees has approved the rescinding of the liquidation plan and the fund will continue to operate on an ongoing basis.
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).
A leading provider in the actively managed ETF marketplace, AdvisorShares offers 22 active ETFs with $1.1 billion of assets under management (as of March 10, 2017). 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 on Facebook.
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.
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.
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