Pacific Global ETFs to Liquidate Two Equity ETFs
2020年9月15日 - 8:30AM
Pacific Global ETFs today announced the liquidation of its
two, equity exchange-traded funds (ETFs): Pacific Global US Equity
Income ETF (NYSE Arca: USDY) and Pacific Global International
Equity Income ETF (NYSE Arca: IDY).
The Board of Trustees of Pacific Global ETF Trust approved the
liquidations this month. The last day of trading for the two ETFs
on the NYSE Arca, Inc. will be October 23, 2020. The last day
creation orders will be accepted in each ETF will be October 15,
2020. Shareholders may sell their holdings on the NYSE exchange
until market close on October 23, 2020. The two ETFs will no longer
trade on the NYSE exchange after market close on October 23, 2020
and will be subsequently delisted. The final distribution to
shareholders of the affected ETFs is expected to occur on or about
October 30, 2020.
Shareholders can find more information about Pacific Global US
Equity Income ETF here and Pacific Global International Equity
Income here, or call (866) 933-2398.
About Pacific Global ETFs Established in 2018,
Pacific Global ETFs is managed by Pacific Global Advisors LLC, a
Pacific Life company, and provides actively managed, income-focused
investment strategies designed to deliver attractive dividend
yields, capital growth and diversification. Pacific Global Advisors
pairs the expertise of experienced portfolio managers with the
agility and innovation of a startup, building on the legacy of
Pacific Life, which was founded in 1868.
About Cadence Capital Management Cadence
Capital Management LLC is a global equity manager specializing in
factor-based, small- and mid-cap investment
strategies. Founded in 1988, Cadence Capital manages more than
$1.4 billion (as of July 31, 2020). We manage disciplined,
systematic portfolios ranging from single-factor (style) to global
multi-factor funds.
About Pacific Asset Management Pacific Asset
Management (PAM) specializes in fixed-income investment management
based on a foundation of corporate credit research. Founded in
2007, PAM manages over $12.9 billion (as of July 31, 2020). Through
our focus on corporate credit securities, we seek to help clients
realize the potential of these asset classes to improve portfolio
diversification and total return.
About Pacific Life For more than 150 years,
Pacific Life has helped millions of individuals and families with
their financial needs through a wide range of life insurance
products, annuities, and mutual funds, and offers a variety of
investment products and services to individuals, businesses, and
pension plans. Whether your goal is to protect loved ones or grow
your assets for retirement, Pacific Life offers innovative products
and services that provide value and financial security for current
and future generations. Pacific Life counts more than half of the
100 largest U.S. companies as its clients and has been named one of
the 2019 World’s Most Ethical Companies® by the Ethisphere
Institute. For additional company information, including current
financial strength ratings, visit www.PacificLife.com.
Pacific Life refers to Pacific Life Insurance Company and its
affiliates. Client count as of June 2019 is compiled by Pacific
Life using the 2019 Fortune 500® list. Pacific Life Fund Advisors
LLC (PLFA) conducts its fixed income asset management business
under the name Pacific Asset Management. Each of Pacific Global
Advisors LLC, Cadence Capital Management LLC and PLFA are direct or
indirect wholly owned subsidiaries of Pacific Life.
Risks and Other Important Information ETF
shares are not individually redeemable from the Funds. Shares may
only be redeemed directly from the Funds by Authorized Participants
in creation units only.
The Funds are actively managed ETFs and, thus, do not seek to
replicate the performance of a specified index. Instead, investment
decisions are made based on investment views and there is no
guarantee that the investment views will produce the desired
results or expected returns, which may cause the Fund to fail to
meet its investment objective or to underperform its benchmark
index or funds with similar investment objectives and
strategies.
The Funds face numerous market trading risks, including
disruptions to the creation and redemption process, losses from
trading in secondary markets, the existence of extreme market
volatility or potential lack of an active trading market for
Shares, which may result in Shares trading at a significant premium
or discount to net asset value (NAV). The market prices of Shares
will fluctuate in accordance with changes in NAV and supply and
demand on the Exchange. If a shareholder purchases Shares at a time
when the market price is at a premium to the NAV or sells Shares at
a time when the market price is at a discount to the NAV, the
shareholder may sustain losses.
Changes in foreign economies and political climates are more
likely to affect a Fund than a mutual fund that invests exclusively
in U.S. companies. If the Fund invests in securities that trade in,
and receive revenues in, foreign currencies, it will be subject to
the risk that those currencies will decline in value relative to
the U.S. dollar. While a Fund may hold securities of companies that
have historically paid a high dividend yield, those companies may
reduce or discontinue their dividends, reducing the yield of the
Fund. A Fund’s investments in high yield securities or “junk bonds”
are subject to a greater risk of loss of income and principal than
higher grade debt securities. Fixed income securities are subject
to the risk that securities could lose value because of interest
rate changes. A Fund could lose money if the issuer or guarantor of
a debt instrument in which the Fund invests becomes unwilling or
unable to make timely principal and/or interest payments or to
otherwise meet its obligations.
This does not constitute a recommendation of any investment
strategy or product for a particular investor. Investors should
consult a financial advisor/financial consultant before making any
investment decisions.
Before investing, Investors should carefully read the
prospectus/summary prospectus and carefully consider the Investment
objectives, risks, charges and expenses. For this and more
complete information about the funds call (866) 933-2398 or visit
www.pacificglobaletfs.com for the prospectus/summary
prospectus.
Shares of the Fund are not insured by the FDIC or any
federal government agency, may lose value, and are not a deposit of
or guaranteed by any bank or bank affiliate.
Funds are distributed by Foreside Fund Services,
LLC.
Media Contact: Caitlyn
Fosterpacificglobal@gregoryfca.comDirect: (610) 228-2056Cell: (484)
798-7730
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