SS&C ALPS Advisors Unveils a 3-for-1 Share Split for EQL ETF

SS&C ALPS Advisors Announces Share Split for EQL ETF

SS&C ALPS Advisors, a significant name in the financial services sector, has made a pivotal announcement regarding its ALPS Equal Sector Weight ETF (ticker EQL). On March 12, 2025, the firm revealed that the Board of Trustees of the ALPS ETF Trust had officially approved a 3-for-1 share split. This strategic move is expected to take effect at the market's opening on April 1, 2025, and will maintain the trading of EQL on the NYSE Arca under the same ticker symbol.

The Mechanics of the Share Split

The forthcoming share split will increase the total number of EQL shares available in the market while proportionately reducing the price of each share. Importantly, this action will not impact the total value of shares currently outstanding. However, one critical aspect is the possibility of shareholders ending up with fractional shares as a result of the split, which cannot be traded on NYSE Arca, the primary market for EQL.

To handle fractional shares, SS&C ALPS Advisors will facilitate the redemption of these shares for cash, which will subsequently be sent to shareholders’ respective brokers. This redemption process could lead to capital gains or losses for some investors — a factor potential shareholders should consider, as it could trigger a taxable event, notwithstanding that the split itself will not.

Key Dates for Investors

To aid investors in managing their holdings amid the upcoming changes, here are the key dates associated with the share split:

- Record Date: March 26, 2025
- Pay Date: March 31, 2025
- Ex-Date: April 1, 2025

Understanding these dates will be fundamental for shareholders to pivot accordingly and ensure they are prepared for any changes in their investment structure and tax implications.

Investor Considerations

AS an investor in the EQL, it’s crucial to assess various factors, including investment goals, associated risks, and costs, before proceeding. The firm urges potential investors to review a prospectus containing this information for detailed guidelines. Interested parties can acquire more insights by contacting 1-866-759-5679 or visiting www.alpsfunds.com.

Furthermore, it’s essential to remember that shares of ETFs like EQL are bought and sold at market price and are not individually redeemable. Each investment inherently possesses risks, including potential losses where investors might incur significant financial implications.

SSC Technologies and Its Influence

SSC is recognized globally for providing innovative services and software tailored for both the financial services and healthcare industries. Operating from its headquarters in Windsor, Connecticut, since its inception in 1986, SSC has grown its footprint significantly. Presently, it serves approximately 20,000 organizations worldwide, from major corporations to smaller entities, relying on SSC's technological expertise and industry-leading services. Details on SSC's offerings can be found at www.ssctech.com.

Meanwhile, SS&C ALPS Advisors serves as a crucial subsidiary, focusing on investment products designed for both advisors and institutional investors. With assets totaling over $26.84 billion as of December 31, 2024, the subsidiary remains committed to providing intelligent financial solutions that empower clients to achieve their investment objectives across various strategies.

This share split serves as an important development for investors and highlights SS&C ALPS Advisors’ adaptability in responding to market dynamics and shareholder needs. Stakeholders are encouraged to stay informed and engaged as further developments unfold.