BETHESDA, Md., March 11, 2019 /PRNewswire/ -- AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced today that the AdvisorShares Madrona Global Bond ETF (NYSE Arca: FWDB) will no longer close and liquidate as previously announced on March 8, 2019. Instead, the ETF will remain open. The AdvisorShares Board of Trustees ("The Board") has approved the rescinding of the liquidation plan and the fund will continue to operate.
The AdvisorShares Madrona Domestic ETF (NYSE Arca: FWDD) and AdvisorShares Madrona International ETF (NYSE Arca: FWDI) will close as previously announced. The Board approved the closings and subsequent liquidations of FWDD and FWDI. The funds' last day of trading will be March 22, 2019, which will also be the final day for creations or redemptions by authorized participants. The funds will cease operations, withdraw their assets, and distribute the remaining proceeds to shareholders on or after March 29, 2019.
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