Closings were previously announced December 23, 2015
BOSTON--(BUSINESS WIRE)--
Please replace the release dated February 1, 2016, with the following
corrected version due to revisions.
The corrected release reads:
COLUMBIA LARGE CAP GROWTH ETF, COLUMBIA SELECT LARGE CAP GROWTH ETF,
AND COLUMBIA SELECT LARGE CAP VALUE ETF CLOSED AND TO LIQUIDATE
Closings were previously announced December 23, 2015
Columbia Large Cap Growth ETF (NYSE Arca: RPX), Columbia Select
Large Cap Growth ETF (NYSE Arca: RWG), and Columbia Select Large
Cap Value ETF (NYSE Arca: GVT) (the Liquidating ETFs) previously
announced in a press release dated December 23, 2015 that each would
close, liquidate its portfolio, and make a liquidating distribution to
its shareholders holding shares as of the close of the NYSE Arca (the
Exchange) on January 28, 2016, which was also when the Liquidating ETFs
ceased trading on the Exchange and closed to investors (the Cessation
Date).
On or about February 4, 2016 (the Distribution Date), each of the
Liquidating ETFs will make to their respective shareholders as of the
Cessation Date a liquidating distribution equal to the shareholder’s
proportionate interest in the net assets of the particular Liquidating
ETF as of the Cessation Date. The liquidation distributions will be made
in cash.
The Liquidating ETFs’ liquidating distributions are expected to be as
follows:
|
| |
| Liquidating |
| ETF | | Ticker | | Distribution |
| | | | per Share |
|
Columbia Large Cap Growth ETF
| |
RPX
| | $41.00 |
|
Columbia Select Large Cap Growth ETF
| |
RWG
| | $38.70 |
|
Columbia Select Large Cap Value ETF
| |
GVT
| | $38.00 |
| | | |
|
Columbia Core Bond ETF (NYSE Arca: GMTB) and Columbia Intermediate
Municipal Bond ETF (NYSE Arca: GMMB) will continue to be offered.
ETF shares are not individually redeemable. Investors buy and sell
shares on a secondary market. Only market makers or “authorized
participants” may trade directly with the ETF, typically in blocks of
50,000 shares.
Columbia Management Investment Advisers, LLC serves as the investment
manager to Columbia Large Cap Growth ETF, Columbia Select Large Cap
Growth ETF, Columbia Select Large Cap Value ETF, Columbia Intermediate
Municipal Bond ETF, and Columbia Core Bond ETF. The Columbia ETFs are
distributed by ALPS Distributors, Inc., which is not affiliated with
Columbia Management Investment Advisers, LLC, or its parent company
Ameriprise Financial, Inc. Columbia Threadneedle Investments is the
global brand name of the Columbia and Threadneedle group of companies.
© 2016 Columbia Management Investment Advisers, LLC. All rights
reserved.
COL000283-04/29/16
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For Columbia Management Investment Advisers, LLC
Liz Kennedy,
617-897-9394
Liz.Kennedy@ampf.com
Source: Columbia Management Investment Advisers, LLC