Langar Investment Management Announces Liquidation of Langar Global HealthTech ETF
Langar Investment Management has announced the approval by its Board of Trustees to liquidate and terminate the Langar Global HealthTech ETF (LGHT). The decision follows a review that concluded the fund's current asset size, historical growth trends, and future demand outlook make closure in the best interest of shareholders. Key dates include October 28 for suspending creation units, with final trading on Cboe BZX scheduled for October 30 before de-listing on November 2. The liquidation will involve transitioning portfolio assets into cash or equivalents while deviating from its investment strategy during the wind-down period. Shareholders are advised that the final distribution is a taxable event and should consult tax advisors accordingly.
Topics: ETF closure investment fund termination liquidation plan