#United States #Oklahoma City #Liquidation #Exchange Traded Concepts #Range India ETF

Closure of Range India Financials ETF

On August 12, 2025, Exchange Traded Concepts, LLC, which serves as the investment adviser for the Range India Financials ETF (NYSE: INDF), announced significant news regarding the fund's future. Following thorough evaluations and recommendations, the Board of Trustees has concluded that the Fund will be terminated and liquidated. This decision was taken in line with a structured Plan of Liquidation, signifying an end to the operations of the ETF.

Key Dates and Details

Liquidation Schedule

The Fund is slated to cease operations and undergo liquidation around August 29, 2025. Notably, the last trading day of the Fund’s shares will occur on or about August 26, 2025. Before that, on August 25, 2025, the Fund will halt new creation unit orders. Furthermore, it is essential for current shareholders to understand that between August 22-26, there may be limited opportunities to sell their shares, complicating the trading environment.

During this brief period, sales might only be possible through select broker-dealers, with customary brokerage fees applicable. After the last trading day, shareholders will face restrictions, as trading in the secondary market will not be available until the liquidation date.

Management of Liquidation Process

In anticipation of this closure, the Fund will start managing its assets in a manner conducive to orderly liquidation, potentially involving cash accumulation or investments in highly liquid assets. This shift may necessitate diverging from the fund's traditional investment strategy, influencing its ability to reach its original investment goals.

Distribution to Shareholders

Upon reaching the liquidation date, the Fund will liquidate its assets and distribute cash to remaining shareholders on a pro-rata basis. It’s vital for investors to note that such distributions represent taxable events, potentially including owed capital gains and dividends. As the net asset value is calculated on the liquidation date, costs associated with the liquidation will reflect in these valuations.

Implications for Investors

Tax Considerations

Investors should approach the liquidation process with an understanding of the potential tax implications arising from the distributions. These payments could encompass accrued capital gains—or losses—alongside dividends, directly affecting their financial position.

Risks of Emerging Markets

Additionally, investors in the fund should consider the additional risks tied to international and specifically Indian investments. Currency fluctuation, divergence in accounting practices, and potential political instability can impose significant risks. Since fund operations in India can be influenced by restrictions placed by the Reserve Bank of India, these dynamics add layers of complexity to any investments made through the ETF.

Final Remarks

For those wanting to discuss this process or require additional insight, communications can be directed to the company through their dedicated line at 855-212-4633 or by visiting www.rangeetfs.com. All interested stakeholders should read carefully through the Fund’s prospectus to grasp the investment objectives and associated risks fully before any further investment decisions are made.

It is crucial for shareholders and potential investors to stay informed about the timeline outlined by the Exchange Traded Concepts and consider reaching out for clarifications as they prepare for the changes ahead. The ETF sector, particularly with funds focusing on specific markets, demands a keen understanding of movements and decisions, especially in such transformative scenarios.