DENVER, Nov. 18, 2016 /PRNewswire/ -- ALPS, a subsidiary of DST Systems, Inc. (NYSE: DST) providing products and services to the financial services industry, today announced that shareholders of record as of October 25, 2016 of the Dhandho Junoon ETF, a series of Elevation ETF Trust (the Fund), will be asked to approve a reorganization of the Fund into a newly-created, identically named exchange-traded fund (ETF) of the Cambria ETF Trust.
The proposed reorganization of the Fund will allow shareholders the opportunity to continue investing in a corresponding new ETF with the same name, investment objective and underlying index and substantially the same investment strategies, policies and risks, but as part of the Cambria ETF Trust.
If approved by shareholders at the Fund's shareholder meeting to be held on December 5, 2016, the proposed reorganization is expected to close on or around December 12, 2016.
For additional information about the Fund or to receive free copies of the Fund's prospectus, SAI or other documents, shareholders may visit www.dhandhofunds.com or call 1.844.808.3557. To receive proxy documents, Fund shareholders may visit https://www.proxy-direct.com/alp-28277 or call 1.844.808.3557.
About ALPS Through its subsidiary companies, ALPS Holdings, Inc. is a leading provider of innovative investment products and customized servicing solutions to the financial services industry. Founded in 1985, Denver-based ALPS delivers its Asset Management and Asset Servicing Solutions through offices in Boston, New York, Seattle, and Toronto. ALPS is a wholly-owned subsidiary of Kansas City-based DST Systems, Inc. For more information about ALPS and its services, visit www.alpsinc.com. Information about ALPS products is available at www.alpsfunds.com.
About DST DST Systems, Inc. (NYSE: DST) is a leading provider of specialized technology, strategic advisory, and business operations outsourcing to the financial and healthcare industries. We enable clients to transform complexity into strategic advantage by helping them continually stay ahead of and capitalize on ever-changing customer, business and regulatory requirements in the world's most demanding industries. For more information, visit the DST website at www.dstsystems.com.
This press release does not constitute an offer to buy or a solicitation of an offer to sell shares of the Fund or the new ETF. Investors should read the proxy documents and other relevant materials carefully in their entirety as they contain important information about the reorganization.
Investing involves risk, including the loss of money. An investor should consider the investment objectives, risks, charges and expenses carefully before investing.
Please read the prospectus carefully before investing.
Shares are not individually redeemable. Investors may buy and sell shares of the Fund on a secondary market.
ALPS Distributors, Inc. is the Distributor for the Fund. SEI Investments Distribution Co. is the Distributor for the new ETF. ALPS Distributors, Inc. is not affiliated with SEI Investments Distribution Co.
Media Contact: Laura M. Parsons DST Global Public Relations +1 816 843 9087 [email protected]