BOSTON, May 27, 2022 (GLOBE NEWSWIRE) — AGF Investments LLC (TSX:AGF.B) announced today the closure and liquidation of AGFiQ Hedged Dividend Income Fund (DIVA) on or about June 28, 2022.
The decision to close and liquidate was driven by the firm’s continued effort to simplify and streamline their offerings; as well as the small number of investors, relatively low assets and the costs associated with maintaining the ETFs.
The last day of trading on NYSE Arca, Inc. (“NYSE Arca”) for the Fund is expected to be June 13, 2022. Effective upon the close of business on June 13, 2022, the Fund will no longer accept orders for the purchase of Creation Units. Beginning today, the Fund may not pursue investment objective or engage in normal business activities, except for the purposes of winding up business and affairs, preserving the value of assets, paying liabilities, and distributing remaining assets to shareholders pursuant to the plan of liquidation approved by the Board.
The liquidation date for the Fund will be on or about June 28, 2022 (“Liquidation Date”). There can be no assurance that there will be a market for the purchase or sale of Fund shares during the time between the market close on June 13, 2022 and the Liquidation Date, because Fund shares will no longer be traded on NYSE Arca.
In connection with the liquidation, any shares of the Fund outstanding on the Liquidation Date will be automatically redeemed as of the close of business on the Liquidation…
