Exchange Traded Concepts to Close and Liquidate the REX BKCM ETF

OKLAHOMA CITY, Jan. 24, 2019 /PRNewswire/ -- After careful consideration, Exchange Traded Concepts, LLC, the Fund's investment adviser, in consultation with REX Shares, LLC, the Fund's sponsor, has recommended, and the Board of Trustees of Exchange Listed Funds Trust has approved, the termination and liquidation of the Fund pursuant to the terms of a Plan of Liquidation. Accordingly, the Fund is expected to cease operations and liquidate on or about February 7, 2019 (the "Liquidation Date").

The Fund will be closed to orders for new creation units on January 25, 2019, and the last day of trading the Fund's shares on the NYSE Arca Exchange, Inc. will be February 5, 2019. From January 25, 2019 through February 5, 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 Fund shares during that time period. Customary brokerage charges may apply to such transactions. For the liquidation distribution, the ex-dividend date will be February 4, 2019, the record date will be February 5, 2019, and the pay date will be February 7, 2019.

In anticipation of the liquidation of the Fund, the Fund will be managed in a manner intended to facilitate its orderly liquidation, such as by raising cash or making investments in other highly liquid assets. As a result, starting on January 25, 2019, all or a portion of the Fund may not be invested in a manner consistent with the Fund's stated investment strategies, which may prevent the Fund from achieving its investment objective.

On or about the Liquidation Date, the Fund will liquidate its 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 Fund's net asset value will reflect the costs of closing the Fund. Once the distributions are complete, the Fund will terminate.

If you would like additional information, please call 1-844-739-1414 or visit www.rexshares.com.

Shareholders who purchase shares of the Fund on or after the ex-dividend date will not be eligible to receive dividends from the liquidation distribution. Fund shareholders of record as of the record date are eligible to receive dividends from the liquidation distribution. The Fund will liquidate and pay dividends to shareholders of record on the pay date.

The REX BKCM ETF is not suitable for all investors. The Fund should only be utilized by investors who are willing to assume a high degree of risk and intend to actively monitor and manage their investments in the Fund.

Carefully consider the Fund's investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund's summary and full prospectuses, which may be obtained by calling1-844-REX-1414 or by visiting www.rexshares.com. Read the prospectus carefully before investing.

An investment in the Fund is subject to risks including loss of principal. There can be no assurance the Fund will achieve its investment objectives.  

The REX BKCM ETF contains Cryptocurrency and Blockchain technology risk. Not all the companies the Fund invests in may have significant revenue streams tied to Blockchain or Cryptocurrency. Blockchain technology may never develop optimized transactional processes that lead to increased realized economic returns to any company in which the Fund invests.

Exchange Traded Concepts, LLC serves as the investment advisor, and Vident Investment Advisory, LLC & BKCM Funds, LLC serve as sub-advisor to the Fund. The Fund is distributed by Foreside Fund Services, LLC, which is not affiliated with Exchange Traded Concepts, LLC or any of its affiliates.

Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. REX NAVs are calculated using prices as of 4:00 PM Eastern Time. The closing price is the Mid-Point between the  Bid and Ask price as of the close of exchange.

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SOURCE Exchange Traded Concepts, LLC