ALPS to close HVPW

ALPS, a subsidiary of DST Systems, Inc. (NYSE: DST) providing products and services to the financial services industry, announced the liquidation of one Fund of the ALPS ETF Trust.

The Fund — U.S. Equity High Volatility Put Write Index Fund (NYSE ARCA: HVPW) — will close to new investors on June 21, 2017 and liquidate on June 26, 2017.
The decision to close the Fund was made by the ALPS ETF Trust’s Board of Trustees after consultation with ALPS Advisors, Inc., the investment adviser to the Fund. On consideration of current market conditions, as well as prospects for growth in the Fund’s assets among other considerations, the Board determined that it was in the best interests of the Fund and its shareholders to liquidate the Fund’s shares, which are listed on the NYSE ARCA. The last day of trading for the Fund is scheduled to be Friday, June 23, 2017.
The Fund will immediately begin the process of closing down and liquidating its portfolio, which will increase the Fund’s cash holdings notwithstanding the Fund’s investment objective and strategies. There can be no assurance that there will be a market for the Fund’s shares between the last day of trading on NYSE Arca (June 23, 2017) and the liquidation date (June 26, 2017).

Any person holding shares in the Fund as of the liquidation date will receive a cash distribution equal to the net asset value of their shares. Shareholders receiving this cash distribution will not incur transaction fees in connection with this distribution or the liquidation of their shares in the Fund. A portion of the distribution may represent an ordinary income dividend or a capital gain distribution.

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