From the June 2008 issue of Research Magazine • Subscribe!

June 1, 2008

Ameristock to Shut Down Treasury ETFs

Ameristock Corporation, the investment adviser for the Ameristock ETFs announced that it intends to liquidate each of the five funds it manages. The funds are the Ameristock/Ryan 1 Year Treasury ETF (GKA), the Ameristock/Ryan 2 Year Treasury ETF (GKB), the Ameristock/Ryan 5 Year Treasury ETF (GKC), the Ameristock/Ryan 10 Year Treasury ETF (GKD), and the Ameristock/Ryan 20 Year Treasury ETF (GKE).

The Trust's Board of Trustees determined that closing the funds was in the best interests of the funds and their shareholders because the funds failed to gather sufficient assets to continue their business and operations in an economically viable manner.

June 10, 2008 was expected to be the last day of trading in the Funds on the American Stock Exchange, and the last day on which creation unit aggregations of Fund shares may be purchased or redeemed. The American Stock Exchange will halt trading in the Funds before the open of trading on June 11, 2008. From June 11, 2008 until June 19, 2008, the Funds will be in the process of closing down and liquidating their portfolios. This process will likely result in each Fund not meeting its investment objective of tracking its underlying index during this period.

Shareholders may sell their holdings on or prior to June 10, 2008, incurring a transaction fee from their broker-dealer. From June 11, 2008 through June 19, 2008, shareholders may not be able to sell their shares, although it is possible that certain broker-dealers will be willing to purchase them.

---

Ron DeLegge is the San Diego-based editor of www.etfguide.com.

Reprints Discuss this story
This is where the comments go.