OAKLAND, Calif., Sept. 22, 2017 /PRNewswire/ -- USCF, a leading-edge provider of exchange traded product innovation, announced today that it plans to close and liquidate two of its products as a result of a decision and vote by the Board of Trustees of USCF ETF Trust that approved the liquidation and dissolution of the following exchange-traded funds (the "Funds"):
Stock Split Index Fund (TOFR)
USCF Restaurant Leaders Fund (MENU)
The final day for creations will be October 10, 2017. Trading of the shares of both Funds will be suspended on the NYSE Arca at the open of market on October 13, 2017, and the shares will subsequently be de-listed. The liquidation date for both Funds will be October 20, 2017 and the proceeds of the liquidation are scheduled to be sent to shareholders on or about October 20, 2017.
For more information, please call 1-800-920-0259 or visit www.uscfinvestments.com.
USCF operates on the leading edge of product innovation as an asset management firm offering exchange-traded products (ETPs), exchange-traded funds (ETFs) and mutual funds. The firm broke new ground with the launch of the first oil ETP, the United States Oil Fund, LP (USO), in 2006. Over the next decade, USCF designed and issued fifteen more specialty products across commodity and equity asset classes. USCF currently manages approximately $4 billion in assets from its headquarters in Oakland, California.
Katie Rooney is a registered representatives of ALPS Distributors, Inc.
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