Active Alts, Inc. announced the scheduled closing and liquidation of the Active Alts Contrarian ETF (SQZZ).
The Fund will begin liquidating its portfolio and will invest in cash equivalents until all shares have been redeemed. This process will result in the Fund increasing its cash holdings, which is inconsistent with the Fund’s investment objective and strategy. The last date for authorized participants to create and redeem units in SQZZ will be May 25, 2018. The Fund will cease trading on the NASDAQ and will be closed to purchase by investors as of the close of regular trading on the NASDAQ on May 25, 2018 (Closing Date). The Fund will not accept purchase or redemption orders after the Closing Date.