SAN FRANCISCO, CA--(Marketwire - Apr 15, 2011) - Grail Advisors, LLC today announced that the firm has entered into an agreement to be acquired by Columbia Management Investment Advisers, LLC.
The transaction is expected to close in May. Terms have not been disclosed.
The Board of Trustees of Grail Advisors ETF Trust has set a record date of April 25, 2011 for shareholders entitled to vote at an upcoming special meeting of shareholders of the ETFs. At the special meeting, shareholders will be asked to approve a new management agreement with Columbia Management Investment Advisers, LLC for each of the ETFs, among other matters.
About Grail Advisors, LLC
Grail Advisors is a San Francisco-based investment advisor created specifically to build and distribute actively-managed Exchange Traded Funds to the global investment community. Known as an innovator in the marketplace, Grail combines the features of the ETF format with the experience of established active investment managers traditionally found in mutual funds and separate accounts. More information is available at www.grailadvisors.com.
An investor should consider investment objectives, risks, charges, and expenses carefully before investing. The Prospectus contains this and other information. For more complete information about the Grail Advisors ETFs or to obtain a Prospectus, call 415-677-5870. Please read the Prospectus carefully before investing.
An investment in the Funds involves risk, including loss of principal.
ALPS Distributors, Inc. is not affiliated with Columbia Management Investment Advisers, LLC.
The Grail Advisors Actively Managed ETFs are distributed by ALPS Distributors, Inc.
Contact Information:
For more information, please contact:
Morrison Shafroth
CSG|PR
(720) 470-3653