Columbus, Ohio, April 22, 2022 /PRNewswire/ — Nationwide today announced that the board of ETF Series Solutions (the “Trust”) has decided to close and liquidate the Nationwide Risk-Based US Equity ETF (NYSE: RBUS), Nationwide Risk-Based International Equity ETF (NYSE: RBIN) and Nationwide Maximum Diversification US Core Equity ETF (NYSE: MXDU) (collectively, the “Funds”) after the close of business on May 26, 2022.
Nationwide has recommended the Funds be liquidated and closed after considering, among other factors, the Funds’ long-term performance and future growth prospects.
The last trading day for the Funds will be May 25, 2022, which will coincide with the last day for Authorized Participants to order Creation Units. The Funds will begin liquidating their portfolio assets on or about May 17, 2022, which may cause the Funds to increase their liquidity and deviate from the investment objectives and strategies set out in the Funds’ prospectus. The Funds will complete their transactions and promptly distribute the remaining proceeds to shareholders after May 26, 2022.
Shareholders who do not sell their shares of the Fund on that date will have their shares automatically redeemed in cash based on the net asset value (NAV) of the applicable Fund. Usual brokerage fees may apply to transactions for the sale of shares of the Fund. Shareholders should contact their tax advisor to discuss the tax consequences of the liquidation.
Nationwide, a Fortune 100 company based in Columbus, Ohiois one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by AM Best and Standard & Poor’s. An industry leader in customer-focused innovation, Nationwide offers a full suite of insurance products and financial services, including auto, business, home, farm and life insurance; public and private sector pension plans, annuities, mutual funds and ETFs; excess & excess, specialty and surety; and pet, motorcycle and boat insurance. For more information, visit www.nationwide.com. Follow the company onFacebookandTwitter.
Call 800-617-0004 to request a summary prospectus and/or prospectus or download prospectuses from etf.nationwide.com. These prospectuses describe the investment objectives, risks, fees, charges and expenses, as well as other information that you should read and consider carefully before investing.
Investing involves risk, including possible loss of principal.
Nationwide Fund Advisors (NFA) is the registered investment advisor for Nationwide ETFs, which are distributed by Quasar Distributors, LLC. NFA is not affiliated with any distributor, sub-advisor or index provider under contract with NFA for Nationwide ETFs. Nationwide ETF sales office representatives are registered with Nationwide Investment Services Corporation, member FINRA, Columbus, Ohio.
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