Emerging Global Advisors (EGA), the investment advisor to the EGShares exchange-traded funds, today announced it will close 2 Funds representing less than 2% of assets under management.
The Board of Trustees of the EGA Emerging Global Shares Trust has authorized these Fund liquidations. The affected Funds are:
EGShares Blue Chip ETF (BCHP)
EGShares Brazil Infrastructure ETF (BRXX)
Trading on the NYSE Arca for the shares of the Funds listed below will be suspended prior to the open of business on Monday, November 2, 2015.
Shareholders may sell their holdings on or before Friday, October 30, 2015 and may incur customary brokerage charges. Shareholders who do not sell their holdings on or before Friday, October 30, 2015 will receive cash equal to the amount of the net asset value of their shares. The liquidating distributions are expected to be paid on or about Friday, November 6, 2015. The Advisor will bear all legal and administrative expenses associated with these Fund closures.