- The Range Global LNG Ecosystem Index ETF (LNGZ, Financial) will cease operations on May 16, 2025.
- LNGZ will close to new creation units on May 12, 2025, with the last trading day on May 13, 2025.
- Final cash distributions to shareholders will occur on the liquidation date and will be taxable.
Exchange Traded Concepts has announced the termination and liquidation of the Range Global LNG Ecosystem Index ETF (LNGZ). The fund will officially cease operations on May 16, 2025. Prior to this, the ETF will be closed to all new creation units starting May 12, 2025, and the last day for trading on the NYSE Arca will be May 13, 2025.
During the liquidation period, the fund's assets will transition to highly liquid investments, which may deviate from its original investment strategy. Shareholders will have the ability to sell shares only to certain broker-dealers from May 12 through the last trading day on May 13. Subsequently, on the Liquidation Date, the remaining assets will be distributed as cash on a pro-rata basis to all remaining shareholders, which will be considered a taxable event, including any accrued capital gains and dividends.
Investors are encouraged to consider the fund's objectives, risks, charges, and expenses carefully and consult the fund's summary prospectus available at www.rangeetfs.com/lngz for more information before investing. The liquidation will reflect the costs of closing the fund, and once distributions are complete, the fund will officially terminate.
