Exchange Traded Concepts to Close and Liquidate the ProSports Sponsors ETF
After careful consideration, Exchange Traded Concepts, LLC, the Fund's investment adviser, in consultation with SportsETFs, LLC, the Fund's index provider, has recommended, and the Board of Trustees of Exchange Listed Funds Trust has approved, the termination and liquidation of the Fund pursuant to the terms of a Plan of Liquidation. Accordingly, the Fund is expected to cease operations and liquidate on or about January 17, 2019.
The Fund will be closed to orders for new creation units on January 8, 2019, and the last day of trading the Fund's shares on the Cboe BZX Exchange, Inc. will be January 15, 2019. From January 9, 2019 through January 15, 2019, 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 Fund shares during that time period. Customary brokerage charges may apply to such transactions.