Victory Portfolios II Announces ETF Liquidation
25 February 2021 - 9:15AM
Business Wire
Victory Portfolios II today announced plans to liquidate the
VictoryShares® Emerging Markets Volatility Wtd ETF (“CEZ”). The
decision to liquidate the ETF was the result of the regular review
of its product lineup to ensure it is best meeting client
needs.
Shareholders of CEZ may sell their holdings on the Nasdaq Stock
Market® prior to the close of trading on March 25, 2021, and
customary brokerage charges may apply to these transactions. The
ETF will cease trading at the end of the trading day on March 25,
2021. The ETF will liquidate on or about March 31, 2021. Any person
holding shares of the ETF as of the liquidation date will receive a
cash distribution equal to the net asset value of their shares as
of that date. Victory Capital Management Inc., the adviser to the
VictoryShares ETFs, will bear all fees and expenses that may be
incurred in connection with the liquidation of the ETF and the
distribution of the cash proceeds to investors, other than
brokerage fees and other related expenses.
For tax purposes, shareholders will generally recognize a
capital gain or loss equal to the amount received for their shares
over their adjusted basis in such shares.
About Victory Capital
Victory Capital is a diversified global asset management firm
with $146.2 billion in assets under management as of January 31,
2021. The Company operates a next-generation business model
combining boutique investment qualities with the benefits of a
fully integrated, centralized operating and distribution
platform.
Victory Capital provides specialized investment strategies to
institutions, intermediaries, retirement platforms and individual
investors. With nine autonomous Investment Franchises and a
Solutions Platform, Victory Capital offers a wide array of
investment styles and investment vehicles including, actively
managed mutual funds, separately managed accounts, active ETFs,
multi-asset class strategies, custom-designed solutions and a 529
College Savings Plan.
For more information, please visit www.vcm.com or follow us:
Twitter and LinkedIn
Carefully consider the Funds’ investment objectives, risks,
charges and expenses before investing. This and other important
information about the Funds can be found in each Fund’s prospectus
or, if available, the summary prospectus. To obtain a copy,
please visit www.victorysharesliterature.com or call 800.991.8191.
Read it carefully before investing.
VictoryShares ETFs are distributed by Foreside Fund Services,
LLC, member FINRA. Victory Capital Management Inc. is the adviser
to the VictoryShares ETFs. Victory Capital is not affiliated with
Foreside Fund Services, LLC.
Investments involve risk including possible loss of
principal. ETFs have the same risks as the underlying
securities traded on the exchange throughout the day. Redemptions
are limited and often commissions are charged on each trade, and
ETFs may trade at a premium or discount to their net asset value.
ETFs may invest in securities included in, or representative of
securities included in, the index, regardless of their investment
merits.
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version on businesswire.com: https://www.businesswire.com/news/home/20210224006052/en/
Investors: Matthew Dennis, CFA Chief of Staff Director,
Investor Relations 216-898-2412 mdennis@vcm.com
Media: Tricia Ross 310-622-8226 tross@finprofiles.com
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