Active Alts, Inc. Announces ETF Closure

NEW YORK--()--Active Alts, Inc. today announced the scheduled closing and liquidation of the Active Alts Contrarian ETF (the "Fund").

ETF     Ticker         CUSIP    
Active Alts Contrarian ETF     SQZZ         86280R308    

The Fund will begin liquidating its portfolio and will invest in cash equivalents until all shares have been redeemed. This process will result in the Fund increasing its cash holdings, which is inconsistent with the Fund’s investment objective and strategy. The last date for authorized participants to create and redeem units in SQZZ will be May 25, 2018. The Fund will cease trading on the NASDAQ and will be closed to purchase by investors as of the close of regular trading on the NASDAQ on May 25, 2018 (the “Closing Date”). The Fund will not accept purchase or redemption orders after the Closing Date.

Shareholders may sell their holdings in the Fund prior to the Closing Date and customary brokerage charges may apply to these transactions. However, from Closing Date through May 30, 2018 (the “Liquidation Date”), there will likely be no market for the Fund’s shares.

On or about the Liquidation Date, the Fund will liquidate its assets and distribute cash pro rata to all shareholders who have not previously redeemed or sold their shares. The liquidation of the Fund will be a taxable event for shareholders that do not hold shares through tax-advantaged arrangements. These payments to shareholders may include accrued capital gains and dividends. As calculated on the Liquidation Date, the Fund’s net asset value will reflect the costs of closing the Fund. Once the distributions are complete, the Fund will terminate.

The Fund’s investment strategy will soon be available through separately managed accounts. Please contact Active Alts, Inc. for more information.

Distributed by Foreside Fund Services, LLC


Active Alts, Inc.
Brad Lamensdorf, 203-557-3006

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Release Summary

Active Alts, Inc. today announced the scheduled closing and liquidation of the Active Alts Contrarian ETF (the "Fund")

Active Alts, Inc.