Exchange Traded Concepts to Close and Liquidate the InsightShares LGBT Employment Equality ETF and the InsightShares Patriotic Employers ETF

OKLAHOMA CITY, Nov. 1, 2019 /PRNewswire/ -- After careful consideration, Exchange Traded Concepts, LLC, the investment adviser to the InsightShares LGBT Employment Equality ETF and the InsightShares Patriotic Employers ETF ( together, the "Funds"), in consultation with UBS Securities LLC, the Funds' Index Provider, has recommended, and the Board of Trustees of Exchange Listed Funds Trust has approved, the termination and liquidation of the Funds pursuant to the terms of a Plan of Liquidation. Accordingly, the Funds are expected to cease operations and liquidate on or about November 22, 2019 (the "Liquidation Date").

The Funds will be closed to orders for new creation units on November 13, 2019, and the last day of trading the Funds' shares on the NYSE Arca Exchange, Inc. will be November 20, 2019.

Currently, the Funds' investment objectives are to track the price and yield performance of their respective indexes.  The Funds will continue to pursue their respective investment objectives until November 13, 2019.  On that date, in anticipation of the liquidation of the Funds, the Funds will be managed in a manner intended to facilitate their orderly liquidation, such as by raising cash or making investments in other highly liquid assets. As a result, starting on November 13, 2019, all or a portion of the Funds may not be invested in a manner consistent with the Funds' stated investment strategies, which may prevent the Funds from achieving their investment objective.

On or about the Liquidation Date, the Funds will liquidate their assets and distribute cash pro rata to all remaining shareholders. These distributions are taxable events. In addition, these payments to shareholders will include accrued capital gains and dividends, if any. As calculated on the Liquidation Date, the Funds' net asset value will reflect the costs of closing the Funds. For the funds' ordinary income and capital gains distributions, shareholders of record as of November 20, 2019 will be paid on November 22, 2019. The liquidation distribution will be paid November 22.  Once the distributions are complete, the Funds will terminate.

If you would like additional information, please call 833-627-2417 or visit https://insightshares.com.

Fund shareholders of record as of the record date are eligible to receive dividends from the liquidation distribution. The Funds will liquidate and pay dividends to shareholders of record on the pay date.  From November 13, 2019 through November 20, 2019, shareholders may only be able to sell their shares to certain broker-dealers, and there is no assurance that there will be a market for the Funds' shares during that time period. Customary brokerage charges may apply to such transactions. 

Carefully consider the Funds' investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds' prospectus, which may be obtained by visiting https://insightshares.com. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal.

Shares are bought and sold at market price not net asset value (NAV) and are not individually redeemed from the Funds. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time when the NAV is typically calculated. Brokerage commissions will reduce returns.

Exchange Traded Concepts, LLC serves as the investment advisor to the Funds. The Funds are distributed by Foreside Fund Services ("Foreside"), which is not affiliated with Exchange Traded Concepts, LLC or any of its affiliates. ETC and Foreside are not affiliated with UBS Securities, LLC.

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SOURCE Exchange Traded Concepts, LLC