USCF Announces Changes to Product Line
USCF, a leading innovator in exchange-traded products (ETPs), has announced plans to close and liquidate its USCF Aluminum Strategy Fund (ALUM). This decision follows a vote by the Board of Trustees of USCF ETF Trust to approve the fund’s liquidation and dissolution.
The Fund will no longer accept creation orders after the close of business on October 11, 2024. Trading in ALUM will be halted prior to market open on October 14, 2024. Beginning on October 14, the fund will no longer be traded on NYSE Arca, and there will be no secondary market for its shares.
Starting on or about October 14, 2024, the fund will initiate the process of liquidating its portfolio. This means that the fund may not be managed in accordance with its investment objective during this period. On or about October 18, 2024 (the Liquidation Date), the fund will cease operations, liquidate its assets, and distribute the proceeds to shareholders. Any shareholders remaining in the fund will have their shares redeemed at net asset value on or about the Liquidation Date.
About USCF
USCF has been at the forefront of exchange-traded product (ETP) and exchange-traded fund (ETF) innovation. The firm made history in 2006 with the launch of the first oil ETP, the United States Oil Fund, LP (USO). Over the past decade, USCF has designed and issued fifteen more ETPs and ETFs across commodity and equity asset classes. USCF and its affiliates currently manage over $3 billion in assets from their headquarters in Walnut Creek, California.
For More Information
For further details, please call 1-800-920-0259 or visit www.uscfinvestments.com.
