Sterling Capital Announces Liquidation of the Focus Equity ETF
Sterling Capital (NYSE Arca: LCG) announced an orderly liquidation of the Focus Equity ETF. The Board set November 17, 2025 as the last day of trading and creation unit acceptance, and November 24, 2025 as the expected liquidation and cash distribution date.
The Fund will be positioned into cash and liquid assets before liquidation, will likely stop tracking its investment objective during the wind-down, and remaining shareholders will receive cash at NAV on the liquidation date. The liquidation may be a taxable event; shareholders should consult tax advisors.
Il Fondo sarà convertito in contanti e attività liquide prima della liquidazione, probabilmente interromperà il tracking del proprio obiettivo di investimento durante la messa in liquidità, e gli azionisti rimanenti riceveranno contanti al NAV nella data di liquidazione. La liquidazione potrebbe essere un evento imponibile; gli azionisti dovrebbero consultare i consulenti fiscali.
El Fondo estará posicionado en efectivo y activos líquidos antes de la liquidación, probablemente dejará de seguir su objetivo de inversión durante el proceso de liquidación, y los accionistas restantes recibirán efectivo al valor liquidativo (NAV) en la fecha de liquidación. La liquidación podría ser un hecho imponible; los accionistas deben consultar a asesores fiscales.
청산 전까지 펀드는 현금 및 유동자산으로 보유될 것이며, 청산 과정에서 투자 목표의 추적이 중단될 가능성이 있으며, 잔여 주주는 청산일에 NAV 기준으로 현금을 받게 될 것입니다. 청산은 과세 이벤트가 될 수 있으므로 주주들은 세무 자문가와 상의해야 합니다.
Le fonds sera positionné en espèces et actifs liquides avant la liquidation, il est probable qu'il cesse de suivre son objectif d'investissement pendant la période de dissolution, et les actionnaires restants recevront des espèces à la valeur liquidative (NAV) à la date de liquidation. La liquidation peut être un événement fiscal; les actionnaires devraient consulter des conseillers fiscaux.
Der Fonds wird vor der Liquidation in Bargeld und liquide Vermögenswerte positioniert, dürfte während des Abwicklungsprozesses seine Anlageziele nicht mehr verfolgen, und verbleibende Aktionäre erhalten zum Liquidationsdatum Barauszahlungen zum NAV. Die Liquidation kann ein steuerpflichtiges Ereignis sein; Aktionäre sollten Steuerberater konsultieren.
سيتم وضع الصندوق في نقد وأصول سائلة قبل التصفية، ومن المرجح أن يتوقف عن تتبع هدفه الاستثماري أثناء المرحلة الختامية، وسيستلم المساهمون المتبقون نقداً وفق NAV في تاريخ التصفية. قد تكون التصفية حدثاً خاضعاً للضريبة؛ ينبغي على المساهمين استشارة المستشارين الضريبيين.
基金在清算前将配置为现金及高流动性资产，清算过程中可能会停止追踪其投资目标，存续股东将在清算日按净值(NAV)获得现金。清算可能为应税事件；股东应咨询税务顾问。
- Orderly liquidation scheduled with clear dates: Nov 17, 2025 and Nov 24, 2025
- Shareholders to receive cash distributions at NAV including accrued gains and dividends
- Fund ceased active investing and will be positioned to cash, not tracking its objective
- Last trading day risk: limited market liquidity between Nov 17 and Nov 24, 2025
- Liquidation may be treated as a taxable event for shareholders
Insights
ETF liquidation due to sustained underperformance and low assets; shareholders face cash distribution on
The Board and Sterling Capital Management authorized an orderly wind‑down of the Focus Equity ETF (LCG) because it failed to attract sufficient assets and sustained underperformance. Trading in the ETF ends on
This action will convert remaining shareholdings into a cash distribution at NAV, which the release states "may be treated as a taxable event." Key near‑term items to watch are the ability of shareholders to sell before the
The last day of trading will be November 17, 2025
The last day of trading of the Fund's shares on the NYSE Arca will be November 17, 2025 ("Closing Date"), which will also be the last day the Fund will accept creation units from authorized participants. Shareholders may sell their holdings in the Fund prior to the Closing Date and customary brokerage charges may apply to these transactions. Authorized participants may redeem baskets of shares for a pro rata portion of the Fund's portfolio on hand through the Closing Date.
The Fund is expected to cease operations, liquidate its assets, and distribute the liquidation proceeds to shareholders on November 24, 2025 ("Liquidation Date"). From the Closing Date through the Liquidation Date, shareholders may only be able to sell their shares to certain broker-dealers and there is no assurance that there will be a market for the Fund's shares during this period. It is anticipated that the Fund's portfolio will be positioned into cash, cash equivalents, or other liquid assets on or prior to the liquidation date. This process will result in the Fund increasing its cash holdings and, consequently, not tracking the investment objective as defined in the Prospectus.
Shareholders remaining on the Liquidation Date will receive cash at the net asset value of their shares as of that date, including any capital gains and dividends as of said date. The liquidating cash distribution to shareholders will be treated as payment in exchange for their shares. The liquidation of the Fund's shares may be treated as a taxable event. Shareholders should contact their tax advisor to discuss the income tax consequences of the liquidation. Once the distributions are complete, the Fund will terminate.
About Sterling Capital Management
Sterling Capital Management LLC (SCM), founded in 1970, is an indirect, wholly-owned subsidiary of Guardian Capital Group Limited. Headquartered in
SCM, serves as investment adviser to the Fund and is paid a fee for its services. The Fund is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Sterling Capital Management LLC is not affiliated with Northern Lights Distributors, LLC.
Risks: Investing involves risk, including loss of principal. Investment return and principal value of an investment will fluctuate, and an investor's shares, when redeemed, may be worth more or less than their original cost.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Sterling Capital Focus Equity ETF. This and other important information about the Fund is contained in the prospectus, which can be obtained at www.sterlingcapital.com/ETF or by calling 888.637.7798. The prospectus should be read carefully before investing.
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SOURCE Sterling Capital Management LLC
FAQ
What is the last trading day for Sterling Capital Focus Equity ETF (LCG)?
When will LCG complete liquidation and distribute proceeds to shareholders?
How will shareholders receive proceeds from LCG liquidation (NYSE Arca: LCG)?
Will LCG continue to track its investment objective during the liquidation?
Could selling LCG shares before liquidation incur costs or limited liquidity?
Is the liquidation of LCG taxable for investors?
