{"id":419743,"date":"2021-01-22T16:33:16","date_gmt":"2021-01-22T21:33:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=419743"},"modified":"2021-01-22T16:33:16","modified_gmt":"2021-01-22T21:33:16","slug":"advisorshares-announces-reverse-split-of-etf","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/advisorshares-announces-reverse-split-of-etf\/","title":{"rendered":"AdvisorShares Announces Reverse Split of ETF"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">BETHESDA, Md.<\/span>, <span class=\"xn-chron\">Jan. 22, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), has announced a reverse split of the issued and outstanding shares of the AdvisorShares Ranger Equity Bear ETF. The split will not change the total value of a shareholder&#8217;s investment.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1218351\/AdvisorShares_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1218351\/AdvisorShares_Logo.jpg\" title=\"AdvisorShares Logo (PRNewsfoto\/AdvisorShares)\" alt=\"AdvisorShares Logo (PRNewsfoto\/AdvisorShares)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>After the close of the markets on <span class=\"xn-chron\">February 5, 2021<\/span>, the Fund will affect a reverse split of its issued and outstanding shares as follows:<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Fund Name<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Reverse Split Ratio<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Approximate decrease in total number of outstanding shares<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">AdvisorShares Ranger Equity Bear ETF<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1 for 10<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">90%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>Please note the CUSIP changes, effective <span class=\"xn-chron\">February 8, 2021<\/span>:<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Fund Name<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Ticker<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Current CUSIP<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>New CUSIP<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">AdvisorShares Ranger Equity Bear ETF<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">HDGE<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">00768Y883<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">00768Y412<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>As a result of this reverse split, every ten shares of the Fund will be exchanged for one share as indicated above. Accordingly, the total number of the issued and outstanding shares for the Fund will decrease by the approximate percentage indicated above. In addition, the per share net asset value (NAV) and next day&#8217;s opening market price will be approximately ten times higher for the Fund. Shares of the Fund will begin trading on the NYSE Arca on a split-adjusted basis on <span class=\"xn-chron\">February 8, 2021<\/span>.<\/p>\n<p>A shareholder&#8217;s investment value will not be affected by the reverse split. The table below illustrates the effect of a hypothetical one-for-ten reverse split anticipated for the Fund, as applicable and described above:<\/p>\n<p>\n        <b>1-for-10 Reverse Split<\/b>\n      <\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Period<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b># of Shares Owned<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Hypothetical NAV<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Total Market Value<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Pre-Split<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">100<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$10<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$1,000<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Post-Split<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">10<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$100<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$1,000<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>The Trust&#8217;s transfer agent will notify the Depository Trust Company (DTC) of the reverse split and instruct DTC to adjust each shareholder&#8217;s investment(s) accordingly. DTC is the registered owner of the Fund&#8217;s shares and maintains a record of the Fund&#8217;s record owners.<\/p>\n<p>\n        <b>Redemption of Fractional Shares and Tax Consequences for the Reverse Split<\/b>\n      <\/p>\n<p>As a result of the reverse split, a shareholder of the Fund&#8217;s shares potentially could hold a fractional share. However, fractional shares cannot trade on the NYSE Arca. Thus, the Fund will redeem for cash a shareholder&#8217;s fractional shares at the Fund&#8217;s split-adjusted NAV as of the Record Date. A shareholder could recognize a gain or loss in connection with the redemption of the shareholder&#8217;s fractional shares.<\/p>\n<p>\n        <b>&#8220;Odd Lot&#8221; Unit<\/b>\n      <\/p>\n<p>As a result of the reverse split, the Fund may have outstanding one aggregation of less than 50,000 shares to make a creation unit, or an &#8220;odd lot unit.&#8221; Thus, the Fund will provide one authorized participant with a one-time opportunity to redeem the odd lot unit after the split-adjusted NAV is struck on <span class=\"xn-chron\">February 8, 2021<\/span>.<\/p>\n<p>\n        <b><br \/>\n          <u>About AdvisorShares<\/u><br \/>\n        <\/b>\n      <\/p>\n<p>AdvisorShares is a leading provider of actively managed ETFs. For financial professionals and investors requesting more information, call 1-877-843-3831 or visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3045239-1&amp;h=2634073496&amp;u=https%3A%2F%2Fadvisorshares.com%2F&amp;a=www.advisorshares.com\" rel=\"nofollow noopener noreferrer\">www.advisorshares.com<\/a>. Follow @AdvisorShares on <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3045239-1&amp;h=2057664695&amp;u=http%3A%2F%2Fwww.twitter.com%2Fadvisorshares&amp;a=Twitter\" rel=\"nofollow noopener noreferrer\">Twitter<\/a> and <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3045239-1&amp;h=3403602024&amp;u=http%3A%2F%2Fwww.facebook.com%2Fpages%2FAdvisorShares%2F53212358057&amp;a=Facebook\" rel=\"nofollow noopener noreferrer\">Facebook<\/a> for more insights.<\/p>\n<p>\n        <b>Before investing you should carefully consider the Fund&#8217;s investment objectives, risks, charges and expenses. This and other information are in the prospectus, a copy of which may be obtained by <\/b><br \/>\n        <b>visiting the Fund&#8217;s website at <a href=\"http:\/\/www.advisorshares.com\" rel=\"nofollow\">www.advisorshares.com<\/a>. Please read the prospectus and summary prospectus carefully before you invest. <\/b>\n      <\/p>\n<p>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3045239-1&amp;h=113084297&amp;u=http%3A%2F%2Fwww.foreside.com%2F&amp;a=Foreside+Fund+Services%2C+LLC%2C+distributor.\" rel=\"nofollow noopener noreferrer\">Foreside Fund Services, LLC, distributor.<\/a>\u00a0<\/p>\n<p>\n        <i>There is no guarantee that the Fund will achieve its investment objective. An investment in the Fund is subject to risk, including the possible loss of principal amount invested. The Fund may invest in (or short) ETFs, ETNs and ETPs. In addition to the risks associated with such vehicles, investments, or reference assets in the case of ETNs, lack of liquidity can result in its value being more volatile than the underlying portfolio investment. Other Fund risks include market risk, equity risk, short sales and leverage risk, large cap risk, early closing risk, liquidity risk and trading risk. Short sales involve leverage because the Fund borrows securities and then sells them, effectively leveraging its assets. The use of leverage may magnify gains or losses for the Fund. See prospectus for specific risks and details.\u00a0 <\/i>\n      <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY56901&amp;sd=2021-01-22\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/advisorshares-announces-reverse-split-of-etf-301213434.html\">http:\/\/www.prnewswire.com\/news-releases\/advisorshares-announces-reverse-split-of-etf-301213434.html<\/a><\/p>\n<p>SOURCE  AdvisorShares<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY56901&amp;Transmission_Id=202101221630PR_NEWS_USPR_____NY56901&amp;DateId=20210122\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire BETHESDA, Md., Jan. 22, 2021 \/PRNewswire\/ &#8212;\u00a0AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), has announced a reverse split of the issued and outstanding shares of the AdvisorShares Ranger Equity Bear ETF. The split will not change the total value of a shareholder&#8217;s investment. After the close of the markets on February 5, 2021, the Fund will affect a reverse split of its issued and outstanding shares as follows: Fund Name Reverse Split Ratio Approximate decrease in total number of outstanding shares AdvisorShares Ranger Equity Bear ETF 1 for 10 90% Please note the CUSIP changes, effective February 8, 2021: Fund Name Ticker Current CUSIP New CUSIP AdvisorShares Ranger Equity Bear ETF HDGE 00768Y883 00768Y412 As &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/advisorshares-announces-reverse-split-of-etf\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;AdvisorShares Announces Reverse Split of ETF&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-419743","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AdvisorShares Announces Reverse Split of ETF - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/advisorshares-announces-reverse-split-of-etf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AdvisorShares Announces Reverse Split of ETF - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire BETHESDA, Md., Jan. 22, 2021 \/PRNewswire\/ &#8212;\u00a0AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), has announced a reverse split of the issued and outstanding shares of the AdvisorShares Ranger Equity Bear ETF. The split will not change the total value of a shareholder&#8217;s investment. After the close of the markets on February 5, 2021, the Fund will affect a reverse split of its issued and outstanding shares as follows: Fund Name Reverse Split Ratio Approximate decrease in total number of outstanding shares AdvisorShares Ranger Equity Bear ETF 1 for 10 90% Please note the CUSIP changes, effective February 8, 2021: Fund Name Ticker Current CUSIP New CUSIP AdvisorShares Ranger Equity Bear ETF HDGE 00768Y883 00768Y412 As &hellip; Continue reading &quot;AdvisorShares Announces Reverse Split of ETF&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/advisorshares-announces-reverse-split-of-etf\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-22T21:33:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1218351\/AdvisorShares_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/advisorshares-announces-reverse-split-of-etf\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/advisorshares-announces-reverse-split-of-etf\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"AdvisorShares Announces Reverse Split of ETF\",\"datePublished\":\"2021-01-22T21:33:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/advisorshares-announces-reverse-split-of-etf\\\/\"},\"wordCount\":666,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/advisorshares-announces-reverse-split-of-etf\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1218351\\\/AdvisorShares_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/advisorshares-announces-reverse-split-of-etf\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/advisorshares-announces-reverse-split-of-etf\\\/\",\"name\":\"AdvisorShares Announces Reverse Split of ETF - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/advisorshares-announces-reverse-split-of-etf\/","og_locale":"en_US","og_type":"article","og_title":"AdvisorShares Announces Reverse Split of ETF - Market Newsdesk","og_description":"PR Newswire BETHESDA, Md., Jan. 22, 2021 \/PRNewswire\/ &#8212;\u00a0AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), has announced a reverse split of the issued and outstanding shares of the AdvisorShares Ranger Equity Bear ETF. The split will not change the total value of a shareholder&#8217;s investment. After the close of the markets on February 5, 2021, the Fund will affect a reverse split of its issued and outstanding shares as follows: Fund Name Reverse Split Ratio Approximate decrease in total number of outstanding shares AdvisorShares Ranger Equity Bear ETF 1 for 10 90% Please note the CUSIP changes, effective February 8, 2021: Fund Name Ticker Current CUSIP New CUSIP AdvisorShares Ranger Equity Bear ETF HDGE 00768Y883 00768Y412 As &hellip; Continue reading \"AdvisorShares Announces Reverse Split of ETF\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/advisorshares-announces-reverse-split-of-etf\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-22T21:33:16+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1218351\/AdvisorShares_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/advisorshares-announces-reverse-split-of-etf\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/advisorshares-announces-reverse-split-of-etf\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"AdvisorShares Announces Reverse Split of ETF","datePublished":"2021-01-22T21:33:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/advisorshares-announces-reverse-split-of-etf\/"},"wordCount":666,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/advisorshares-announces-reverse-split-of-etf\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/1218351\/AdvisorShares_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/advisorshares-announces-reverse-split-of-etf\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/advisorshares-announces-reverse-split-of-etf\/","name":"AdvisorShares Announces Reverse Split of ETF - 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