USCF Sets Liquidation Timetable for Five ETFs
USCF plans to wind down five ETFs, with trading stops and shareholder distributions scheduled from October through December.
Key takeaways
- USCF plans to liquidate five funds after the trust’s board approved their liquidation and dissolution.
- The funds’ trading halts and shareholder distributions are scheduled between October and December.
USCF plans to liquidate five exchange-traded funds after the USCF ETF Trust board approved their liquidation and dissolution. The funds are ZSB, WTIB, USE, USG and UDI.
ZSB will stop accepting creation orders after October 19, with trading set to halt before the market opens October 20. USCF expects to distribute proceeds to shareholders on or about October 27.
WTIB and USE are scheduled to stop accepting creation orders after November 5, halt trading before the market opens November 6, and distribute proceeds on or about November 13. USG’s corresponding dates are November 12, November 13 and November 20. For UDI, they are December 3, December 4 and December 11. Remaining shares are to be redeemed at net asset value on or about each fund’s liquidation date.
This article was produced with the help of AI technology. Source: Yahoo Finance
