FIS Knights of Columbus Global Belief ETF to Liquidate Soon
FIS Knights of Columbus Global Belief ETF to Liquidate
Faith Investor Services LLC, well-regarded for managing investment funds, has made a crucial decision regarding the FIS Knights of Columbus Global Belief ETF, indicating that liquidation is the best course of action for its shareholders.
Key Details About the Liquidation Process
Scheduled liquidation payments for shareholders of the ETF are anticipated to take place on a predetermined date. Following the closure of business, the ETF will cease to accept any creation orders, marking a significant shift in its operations.
The final trading day for shares of the ETF on the NYSE Arca, Inc. will coincide with the liquidation date. Shareholders who prefer to retain their shares until this final day will receive a cash distribution that corresponds to the net asset value of their investments, which will also account for any capital gains and dividends earned.
Final Valuation and Distribution Timeline
As the liquidation date approaches, the net asset value of the Fund will be accurately determined, considering any relevant closing costs. After all liquidations are processed, the fund will ultimately conclude its operations.
About Faith Investor Services LLC
Faith Investor Services LLC operates in the investment advisory space, focusing on the FIS Knights of Columbus Global Belief ETF. By the end of the previous year, the company had successfully managed around $232.4 million in assets, showcasing its robust presence in the asset management landscape.
Investors are encouraged to diligently assess their investment goals, including the associated risks and expenses tied to exchange-traded funds (ETFs) prior to making any investment decisions.
Frequently Asked Questions
Why is the FIS Knights of Columbus Global Belief ETF liquidating?
The decision to liquidate stems from what Faith Investor Services LLC believes is the best interest of the shareholders.
When will shareholders receive their liquidation payments?
Liquidation payments are expected to be distributed approximately around the specified liquidation date.
What happens to my shares if I don't sell before the liquidation date?
If shares are not sold before the liquidation date, shareholders will receive cash equal to the net asset value of their shares in their brokerage accounts.
What is the current status of the assets managed by Faith Investor Services LLC?
As of the latest reports, Faith Investor Services LLC manages approximately $232.4 million in assets.
Who distributes the shares of the FIS Knights of Columbus Global Belief ETF?
The distribution of shares is carried out by Foreside Fund Services, LLC.
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