Consistent with the recommendation of Transamerica Asset Management, Inc., the adviser to the series of the Transamerica ETF Trust, the Board of Trustees determined on March 8, 2022 to liquidate and close the Trust’s five Exchange-Traded Funds (Funds). Transamerica Asset Management, Inc. serves as adviser to the Funds. The Funds to be liquidated are:
- DeltaShares® S&P 400 Managed Risk ETF (NYSE Arca: DMRM)
- DeltaShares® S&P 500 Managed Risk ETF (NYSE Arca: DMRL)
- DeltaShares® S&P 600 Managed Risk ETF (NYSE Arca: DMRS)
- DeltaShares® S&P International Managed Risk ETF (NYSE Arca: DMRI)
- DeltaShares® S&P EM 100 & Managed Risk ETF (NYSE Arca: DMRE)
Shareholders of the Funds may sell their shares on the NYSE Arca until the market close on April 7, 2022, where transactions fees from their broker-dealer may be incurred. The shares of the Funds will no longer trade on the NYSE Arca after market close on April 7, 2022, and shares will subsequently be de-listed. The Funds will stop accepting creation orders from Authorized Participants on April 7, 2022.
The Funds will liquidate on or about April 12, 2022 (Liquidation Date). Shareholders who continue to hold their shares on the Liquidation Date will receive a liquidating distribution of cash in the cash portion of their brokerage accounts equal to the amount of the net asset value of their shares. Proceeds from the liquidation are currently scheduled to be sent to shareholders the day after the Liquidation Date. For tax purposes, shareholders will generally recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares. Shareholders generally will see a capital gain or loss on the redemptions and should consult with and rely on their own independent tax and legal professionals about potential tax consequences.
The final tax status of distributions made by the Funds will be provided to shareholders with the year-end tax reporting for the Funds (including any portion which may be treated as a return of capital for tax purposes, thereby reducing a shareholder’s basis in such shares).
To complete their liquidation, each Fund will be increasing its cash position through the sale of portfolio assets and will deviate from the investment objective and strategies stated in the Fund’s prospectus. This may adversely affect a Fund’s performance. As a result, the Fund’s tracking error relative to its custom benchmark index may be materially impacted.
For additional information about the liquidations, shareholders of the Funds may call 866-846-1800.
