Exchange Traded Concepts Announces the Transfer of the HYLD ETF, an industry leading Income Payer from Advisor Shares (NYSE Arca: HYLD)

Exchange Traded Concepts in conjunction with Eve Capital, today announced the transfer of the HYLD – The Peritus High Yield ETF (NYSE Arca: HYLD) to the ETC ELF Trust, previously known as the AdvisorShares Peritus High Yield ETF. The HYLD Shareholders voted to approve the reorganization. HYLD will be sponsored by Dallas based Eve Capital. The Change in ETF Trusts will ensure that normal business will remain intact for HYLD, not affecting the ETF's investment approach and fund operations during this transition.