Ameristock Etf Trust - Definitive materials filed by investment companies. (497)
29 May 2008 - 7:20AM
Edgar (US Regulatory)
Ameristock
ETF Trust
Ameristock/Ryan
1 Year Treasury ETF
Ameristock/Ryan
2 Year Treasury ETF
Ameristock/Ryan
5 Year Treasury ETF
Ameristock/Ryan
10 Year Treasury ETF
Ameristock/Ryan
20 Year Treasury ETF
Supplement
dated May 28, 2008 to the Prospectus dated November 1,
2007
Ameristock
Corporation, the investment adviser for each of the above-named series
(collectively, the “Funds”) of Ameristock ETF Trust (the “Trust”), announced
today that it would close each Fund to new investment on June 10, 2008. The
Funds will then be liquidated. Shareholders of record remaining
on
June 19, 2008 will receive cash at the net asset value of their shares as of
June 19, 2008, which will include income (including capital gains, if any)
recognized by a Fund up to this date. The Trust’s Board of Trustees determined
that closing the Funds was in the best interests of the Funds and their
shareholders
because
the Funds have not gathered sufficient assets to continue their business and
operations in an economically viable manner
.
June
10,
2008 will be the last day of trading in the Funds on the American Stock
Exchange, and the last day on which creation unit aggregations of Fund shares
may be purchased or redeemed. The American Stock Exchange will halt trading
in
the Funds before the open of trading on June 11, 2008. From June 11, 2008 until
June 19, 2008, the Funds will be in the process of closing down and liquidating
their portfolios. This process will likely result in each Fund not meeting
its
investment objective of tracking its underlying index during this
period. The Fund’s assets will be distributed for payment to Shareholders on June 20, 2008.
Shareholders
may sell their holdings on or prior to June 10, 2008, incurring a transaction
fee from their broker-dealer. From June 11, 2008 through June 19, 2008,
shareholders may not be able to sell their shares, although it is possible
that
certain broker-dealers will be willing to purchase them. While Fund shareholders
remaining on June 19, 2008 will not incur transaction fees to sell their shares,
the net asset value of each Fund will reflect the transaction costs incurred
by
the Fund in liquidating its portfolio. Other costs of closing the Funds will
be
borne by Ameristock Corporation. Shareholders will generally recognize a
short-term capital gain or loss equal to the amount received for their shares
over their adjusted basis in such shares.
The
foregoing information supplements the Trust’s prospectus dated November 1, 2007.
If you would like to receive a copy of the prospectus or would like additional
information on the liquidations, call the Trust at (866) 821-5592. The Trust’s
prospectus is also available on the Funds’ Internet site at
http://www.ameristock.com
.
Please
Retain This Supplement For Future Reference
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