#United States #Oklahoma City #Exchange Traded Concepts #AKROS ETF #MPAY

Exchange Traded Concepts to Liquidate AKROS MONTHLY PAYOUT ETF

In a significant move for the investment community, Exchange Traded Concepts, LLC, the investment adviser for the Fund, has announced the closure and liquidation of the AKROS MONTHLY PAYOUT ETF (NYSE: MPAY). This decision comes after thorough consideration and has been approved by the Board of Trustees of the Exchange Listed Funds Trust.

The liquidation process is expected to take place on or around April 25, 2025. From April 21, 2025, new creation unit orders will be suspended, and the last trading day for the Fund’s shares on the NYSE Arca, Inc. will approximately be April 22, 2025. During this transition period, shareholders may have limited options to sell their shares, only being able to transact with select broker-dealers. Furthermore, the market presence for the Fund shares may be uncertain, and customary brokerage fees could apply.

To ensure the process is handled efficiently, the Fund will shift its management strategy to facilitate an orderly liquidation. This includes focusing on cash accumulation or investing in highly liquid assets. Consequently, parts of the Fund may not align with its original investment strategy as it prepares for closure, which could affect its overall investment objectives.

On the appointed Liquidation Date, the assets of the Fund will be liquidated, and cash will be distributed pro rata to remaining shareholders. This liquidation process also triggers taxable events for the investors involved. Moreover, accrued capital gains and dividends, if applicable, will be included in these distributions. The Fund’s net asset value during liquidation will reflect associated costs. Upon rebuilding investor confidence during the distributed assets phase, the Fund will cease its operations completely once distributions are finalized.

Shareholders looking for more details are encouraged to reach out at (855) 955-1865 or visit the official website at AKROS ETF.

As with any investment, it’s crucial for investors to carefully analyze their financial objectives, risks, and expenses before proceeding. The prospect of investing carries inherent risks, including the potential for a loss of principal. Particularly for international investments, risks such as unfavorable currency fluctuations and social or political instability can heighten exposure. Certain investment products may also present increased risks due to concentration in specific sectors or industries, resulting in amplified impacts from economic shifts. Investors may wish to consult the provided prospectus or summary prospectus, both accessible through the customer service number mentioned earlier, to understand the full details surrounding the Fund's operations before making any investment decisions.

In light of this closure, investors are reminded to take care when navigating the liquidation phase to ensure the best possible outcome, even as the Fund transitions out of operation.