Exchange Traded Concepts has announced the closure and liquidation of the Blue Horizon BNE ETF (NYSE:BNE) on September 27, 2024. Key points include:
- The Fund will begin liquidating its portfolio assets around September 18, 2024
- No new creation units will be accepted after the business day before liquidation
- Trading will be halted on the Liquidation Date
- Shareholders may only sell shares to certain broker-dealers before liquidation
- Cash distributions will be made pro rata to remaining shareholders on the Liquidation Date
- These distributions are taxable events
- The Fund's NAV will reflect closing costs
Investors are advised to consider the Fund's objectives, risks, charges, and expenses before investing.
Summary not available.
Blue Horizon Capital welcomes Tim Johnston as Partner and Investment Committee member, overseeing the Blue Horizon New Energy Economy 100 Index. Johnston, with nearly two decades of experience in the energy transition sector, is Co-Founder and Executive Chairman of Li-Cycle, a leader in lithium-ion battery recycling. The Blue Horizon BNE ETF (NYSE: BNE) aims to capture major developments in the New Energy Economy, focusing on five segments including E-Mobility and Energy Generation. Johnston expressed excitement about enhancing investor access to growth drivers in this evolving sector.
Summary not available.
Blue Horizon Capital has launched the Blue Horizon BNE ETF (NYSE: BNE) on the New York Stock Exchange, aiming to capture opportunities within the rapidly growing New Energy Economy. This fund tracks the Blue Horizon New Energy Economy 100 Index, composed of 100 companies innovating in sectors such as E-Mobility, Energy Storage, Performance Materials, Energy Distribution, and Energy Generation. By offering a holistic investment approach, BNE allows investors to gain diversified exposure to significant advancements in energy production, delivery, and usage.