ALPS to Close an Exchange Traded Fund

DENVER--()--ALPS, a subsidiary of DST Systems, Inc. (NYSE: DST) providing products and services to the financial services industry, today announced the liquidation of one Fund of the Elevation ETF Trust.

The Fund -- Summit Water Infrastructure Multifactor ETF (NYSE ARCA: WTRX) -- will close to new investors on March 26, 2018 and liquidate on April 2, 2018.

The decision to close the Fund was made by the Elevation ETF Trust’s Board of Trustees after consultation with ALPS Advisors, Inc., the investment adviser to the Fund. On consideration of current market conditions, as well as prospects for growth in the Fund’s assets among other considerations, the Board determined that it was in the best interests of the Fund and its shareholders to liquidate the Fund’s shares, which are listed on the NYSE ARCA. The last day of trading for the Fund is scheduled to be Thursday, March 29, 2018.

The Fund will immediately begin the process of closing down and liquidating its portfolio, which will increase the Fund’s cash holdings notwithstanding the Fund’s investment objective and strategies. There can be no assurance that there will be a market for the Fund’s shares between the last day of trading on NYSE Arca (March 29, 2018) and the liquidation date (April 2, 2018).

Any person holding shares in the Fund as of the liquidation date will receive a cash distribution equal to the net asset value of their shares. Shareholders receiving this cash distribution will not incur transaction fees in connection with this distribution or the liquidation of their shares in the Fund. A portion of the distribution may represent an ordinary income dividend or a capital gain distribution.

For additional information about the liquidation, shareholders of the Fund may call ALPS at 844.809.3557 or visit

About ALPS

Through its subsidiary companies, ALPS Holdings, Inc. is a leading provider of innovative investment products and customized servicing solutions to the financial services industry. Founded in 1985, Denver-based ALPS delivers its Asset Management and Asset Servicing Solutions through offices in Boston, New York, Seattle, and Toronto. ALPS is a wholly-owned subsidiary of Kansas City-based DST Systems, Inc. For more information about ALPS and its services, visit Information about ALPS products is available at

About DST

DST Systems, Inc. is a leading provider of specialized technology, strategic advisory, and business operations outsourcing to the financial and healthcare industries. Combining unmatched industry knowledge, critical infrastructure and service excellence, DST helps companies master complexity in the world’s most demanding industries to ensure they continually stay ahead of and capitalize on ever-changing customer, business and regulatory requirements. For more information, visit the DST website at

Important Disclosures & Definitions

An investor should consider the investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contain this and other information, please contact your financial professional or call 844.809.3557. Read the prospectus carefully before investing.

Shares of exchange traded funds (ETFs) are not individually redeemable and owners of the shares may acquire those shares from the ETF and tender those shares for redemption to the ETF in Creation Units only, typically in blocks of 25,000 shares.

Investing involves risk, including loss of principal.

The ETF is subject to investment risk including the possible loss of the entire amount invested. The value of the securities held by the fund will fall due to general market and economic conditions. The funds investments in the water industry may under-perform relative to the general market.

The water industry can be significantly affected by the availability of water, the level of rainfall and the occurrence of other climatic and environmental events, changes in water consumption and water conservation. Because the Fund focuses its investments in tracking the water industry, economic downturns and global and domestic events affecting the water industry will have a greater impact on the Fund than would be the case if the Fund’s investments were more diversified.

Shares of the Fund are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

Investors may purchase or sell ETF shares at market price (not NAV) and are not individually purchased or redeemed from the Summit Water Infrastructure Multifactor ETF. Market returns are based upon the midpoint of the bid/ask spread at 4:00pm eastern time, and do not represent the returns an investor would receive if shares were traded at other times. Ordinary brokerage commissions apply and will reduce returns.

ALPS Distributors, Inc. is the Distributor for the Summit Water ETF. ALPS Distributors Inc. is not affiliated with Summit Water Capital Advisors or Zacks Index Services.


DST Global Public Relations
Laura M. Parsons, +1 816-843-9087

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