Victory Portfolios II to Liquidate VictoryShares Emerging Market High Div Volatility Wtd ETF (CEY)

Strategic Insights -

Victory Portfolios II has announced plans to liquidate the VictoryShares Emerging Market High Div Volatility Wtd ETF (CEY), citing a regular review of its product lineup to ensure it meets client needs. The decision affects shareholders, who can sell their holdings on the Nasdaq Stock Market prior to the close of trading on December 22, 2022. The ETF will cease trading at the end of the trading day on December 22, 2022, and is anticipated to liquidate on or about December 28, 2022. Shareholders will receive a cash distribution equal to the net asset value of their shares as of the liquidation date.

Key Takeaways:

  • The VictoryShares Emerging Market High Div Volatility Wtd ETF (CEY) will be liquidated due to a regular review of Victory Portfolios II's product lineup.
  • Shareholders can sell their holdings on the Nasdaq Stock Market prior to the close of trading on December 22, 2022, and customary brokerage charges may apply.
  • The ETF will cease trading at the end of the trading day on December 22, 2022.
  • Victory Capital Management Inc., the adviser to the VictoryShares ETFs, will bear all fees and expenses related to the liquidation and distribution of cash proceeds to investors.
  • Shareholders will generally recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares.
  • Victory Capital provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.
  • The company operates a next-generation business model combining boutique investment qualities with the benefits of a fully integrated, centralized operating and distribution platform.
  • Victory Capital manages $147.3 billion in assets under management as of September 30, 2022.
  • The company offers 12 autonomous Investment Franchises and a Solutions Platform, providing a range of investment products, including mutual funds, ETFs, separately managed accounts, and alternative investments.

Statistics:

  • $147.3 billion: Assets under management as of September 30, 2022 (Source: Victory Capital)
  • December 22, 2022: Last trading day for the VictoryShares Emerging Market High Div Volatility Wtd ETF (CEY)
  • December 28, 2022: Anticipated date for the liquidation of the VictoryShares Emerging Market High Div Volatility Wtd ETF (CEY)
  • Net asset value (NAV): Shareholders will receive a cash distribution equal to the NAV of their shares as of the liquidation date (Source: Victory Capital)

Sources:

  • Businesswire.com: "Victory Portfolios II Announces Plans to Liquidate VictoryShares Emerging Market High Div Volatility Wtd ETF (CEY)"
  • Victory Capital: "About Victory Capital"
  • Victory Capital: "VictoryShares ETFs"