Amplify ETFs today announced the scheduled liquidation of the Amplify YieldShares Oil-Hedged MLP Income ETF (CBOE BZX: AMLX). Based upon the recommendation of Amplify Investments LLC, the Fund’s investment adviser, the Board of Trustees of the Amplify ETF Trust unanimously determined that it was in the best interests of the Fund and its shareholders to liquidate the Fund.
Shareholders may sell their holdings in AMLX prior to the end of the trading day on April 19, 2018. Customary brokerage charges may apply to these transactions. The Fund will cease trading at the end of the trading day on April 19, 2018 and the shares will subsequently be de-listed. No new creation units will be sold after that time, and the Fund will liquidate on or around April 30, 2018. Any person holding shares in the Fund as of the liquidation date will receive a cash redemption amount equal to the net asset value of their shares as of that date. Shareholders generally will recognize a capital gain or loss on any redemption. The Fund may pay one or more dividends or other distributions prior to or along with any redemption payment.