NEW YORK, Feb. 15, 2017 /PRNewswire/ -- OppenheimerFunds, Inc. announced today that Oppenheimer ADR Revenue ETF (RTR) and Oppenheimer Global Growth Revenue ETF (RGRO) (the "Funds") will be closed and liquidated.
On February 15, 2017, the Board of Trustees of the Funds approved their liquidation. The final day of trading on NYSE Arca for shares of the Funds will be Thursday, March 9, 2017. Beginning on March 3, 2017, the Funds will only accept creation units on a limited basis. Shareholders may sell their shares on NYSE Arca on or before market close on March 9, 2017, and may incur customary brokerage charges. Shareholders who do not sell their shares on or before March 9, 2017 will receive cash equal to the amount of the net asset value of their shares in liquidating distributions. These liquidating distributions are expected to be paid on or about Thursday, March 16, 2017. Payment may occur prior to or later than this date, and the Funds will subsequently be delisted. Final tax status of distributions made by the Funds, including the liquidation distributions, will be provided to shareholders as part of their year-end tax reporting. These dates are subject to change.
OppenheimerFunds, a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $222 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of January 31, 2017.
Founded in 1959, OppenheimerFunds is an asset manager with a history of providing innovative strategies to its investors. The firm's 15 investment management teams specialize in equity, fixed-income, alternative, multi-asset, and revenue-weighted-ETF strategies, including ESG. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from endowments and sovereigns to financial advisors and individual investors. OppenheimerFunds and certain of its subsidiaries provide advisory services to the Oppenheimer family of funds, and OFI Global Asset Management offers solutions to institutions. For more information, visit oppenheimerfunds.com.
Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.
Before investing in any of the Oppenheimer funds, investors should carefully consider a fund's investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com, or calling 1.800.CALL OPP (225.5677). Read prospectuses and summary prospectuses carefully before investing.
Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc., 225 Liberty Street, New York, NY, 10281
© 2017 OppenheimerFunds Distributor, Inc. All rights reserved.
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SOURCE OppenheimerFunds, Inc.