Exchange Traded Concepts Announces Liquidation of TSLA Daily Income ETF

Announcement of the Liquidation of the TSLA Daily Income ETF

On October 20, 2026, Exchange Traded Concepts, LLC, the investment adviser for the xETFs TSLA Daily Income ETF (NYSE: TYYY), announced the decision to terminate and liquidate the fund. This decision was made following a thorough evaluation by the Board of Trustees of Exchange Listed Funds Trust, and it set forth a timeline for the closing of operations. The liquidation process is set to begin around November 20, 2026, and marks a significant transition for shareholders.

Timeline of Events

The fund plans to close its doors to new creation units on November 16, 2026, signaling the final opportunity for investors looking to enter. Share trading on the NYSE Arca, Inc. will conclude on or about November 17, 2026. From November 16 until trading halts, shareholders can only sell their shares to select broker-dealers, which may limit market activity. Investors have been advised that there is no guarantee of a market existing for fund shares during this period, and customary brokerage fees might apply.

As the liquidation date approaches, the management team will start taking steps to prepare for an orderly closure. This could involve raising cash or reallocating investments into other highly liquid assets. There’s a possibility that the fund may not adhere strictly to its initial investment strategy during this window, which might impact its performance against prior objectives.

Financial Implications for Shareholders

Upon reaching the liquidation phase, the xETFs TSLA Daily Income ETF will liquidate its assets and distribute cash pro-rata to all shareholders who remain invested. These distributions from the liquidation will be categorized as taxable events, meaning that shareholders should be prepared for associated tax liabilities. Additionally, payouts will include any accrued dividends and capital gains until that date.

It’s noteworthy that the fund’s net asset value as calculated on the Liquidation Date will factor in the expenses incurred from the liquidation process. Once the distribution phase concludes, the fund will cease to exist.

Further Information

For those impacted or seeking more information regarding this announcement, Exchange Traded Concepts encourages calling their office at 888-668-8820 or visiting their website at www.xETFs.com/tyyy.

Investors are urged to review the fund's objectives, risks, charges, and expenses in detail before making any investment decisions. The investment landscape remains complex, and understanding the nuances of such announcements is crucial for sound financial planning.

Exchange Traded Concepts, LLC also highlights that investing always involves risks, including potential principal losses. Historical performance doesn’t guarantee future returns, and specific industry risks can amplify the vulnerability of fund investments.

In Conclusion, the xETFs TSLA Daily Income ETF is nearing its closure, and the systematic approach adopted reflects prudent management in transitioning towards an orderly liquidation. Shareholders should actively monitor developments in this process and prepare accordingly for the final stages of their investment.