At a special shareholder meeting on Friday, after shareholders had voted to approve a change in investment managers for all the ETFs formerly managed by Grail Advisors, ColumbiaManagement Investment Advisors, closed its acquisition of Grail effective at the close of business that day.
Columbia, a wholly owned subsidiary of Ameriprise Financial Inc., was approved as the new investment manager for all Grail's ETFs and in addition took over management of the Grail Advisors ETF Trust. Nine new trustees were elected to replace the previous board of trustees, and the names of the ETFs were changed to reflect the new agreements.
New trustees elected were Kathleen Blatz, Pamela G. Carlton, Patricia M. Flynn, Stephen R. Lewis, Jr., John F. Maher, Catherine James Paglia, Leroy C. Richie, Alison Taunton-Rigby and William F. Truscott.
ETF name changes and their associated ticker symbols (which did not change) are as follows:
| Old Name | New Name | Ticker |
| RP Growth ETF | Columbia Growth Equity Strategy Fund | |
| RP Focused Large Cap Growth ETF | Columbia Large-Cap Growth Equity Strategy Fund | |
| Grail McDonnell Intermediate Municipal Bond ETF | Columbia Intermediate Municipal Bond Strategy Fund | |
| Grail McDonnell Core Taxable Bond ETF | Columbia Core Bond Strategy Fund | |
| Columbia Concentrated Large Cap Value Strategy Fund (formerly known as Grail American Beacon Large Cap Value ETF) | Columbia Concentrated Large Cap Value Strategy Fund |
In addition, the trust will now be known as the Columbia ETF Trust.
The shareholders also approved a "manager of managers" structure for each of four of the funds: RP Growth ETF, RP Focused Large Cap Growth ETF, Grail McDonnell Intermediate Municipal Bond ETF, and Grail McDonnell Core Taxable Bond ETF. The new structure allows the ETF and its advisor to enter into and materially amend subadvisory agreements in the future, with the approval of the trust's board of trustees, but without the necessity of obtaining additional shareholder approval.
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