AdvisorShares, a leading sponsor of actively managed ETFs, announced today that the AdvisorShares EquityPro ETF (NYSE Arca: EPRO) will close. The AdvisorShares Board of Trustees approved the closing and subsequent liquidation of EPRO.
The fund’s last day of trading will be October 21, 2016, which will also be the final day for creations or redemptions by authorized participants.
The fund will cease operations, withdraw its assets, and distribute the remaining proceeds to shareholders on or after October 28, 2016.