SS&C ALPS Advisors, a subsidiary of SS&C Technologies Holdings (Nasdaq: SSNC), has announced the closure of the ALPS Global Travel Beneficiaries ETF (NYSE ARCA: JRNY). The fund will close to new investors on October 16, 2024 and liquidate on October 18, 2024. This decision was made by the ALPS ETF Trust's Board of Trustees due to the fund's inability to attract significant market interest since its inception.
The last trading day for the fund is scheduled for October 17, 2024. Shareholders may be able to sell their shares until this date, but there's no guarantee of a market for the fund's shares. On the liquidation date, remaining shareholders will receive a cash distribution equal to the net asset value of their shares, without incurring transaction fees.
ALPS Global Travel Beneficiaries ETF (NYSE ARCA: JRNY) will close to new investors on October 16, 2024 and liquidate on October 18, 2024. The Board of Trustees, following the adviser’s recommendation, determined liquidation was in shareholders’ best interests after the Fund failed to attract significant market interest since inception. The last day of trading is scheduled for Thursday, October 17, 2024. The Fund will liquidate its portfolio, increase cash holdings and stop seeking its investment objective during the wind-down. Shareholders of record on the liquidation date will receive a cash distribution equal to net asset value; no transaction fees will be charged for the distribution. Portions of the distribution may be ordinary income or capital gain.