Press release
O’Shares ETFs Completes Strategic Growth Transaction with SS&C ALPS Advisors
BOSTON--(BUSINESS WIRE)-- O’Shares ETFs / Investments (“O’Shares”) today announced the completion of a strategic transaction with SS&C Technologies, which
About this update from Ss&c Technologies Holdings, Inc.
[{"type":"text","content":" BOSTON--(BUSINESS WIRE)--\nO’Shares ETFs / Investments (“O’Shares”) today announced the completion of a strategic transaction with SS&C Technologies, which owns SS&C ALPS Advisors. SS&C ALPS Advisors has a total AUM of over $19 billion. The ETFs managed by O’Shares have been reorganized into ETFs established by SS&C ALPS Advisors, each continuing with the same target index and ticker symbols: OUSA, OUSM, OEUR and OGIG.\n\n“We look forward to working with SS&C, with their added scale and enhanced distribution,” said Kevin O’Leary, Chairman of O’Shares. “The ETFs will continue tracking the proprietary indexes we developed, focused on quality and preservation of capital, which is important to me because they are core allocations in my long-term portfolio.” Connor O’Brien, CEO of O’Shares, added, “Our strategies will benefit from expanded distribution, reaching more investors and advisors.”\n\nThe strategic transaction provides for long-term collaboration between O’Shares and SS&C and is expected to enhance the distribution and growth of the SS&C ALPS ETFs. O’Shares will provide the SS&C ALPS Advisors’ ETFs using the current target indexes under a license agreement with SS&C. In addition, O’Shares will provide continued marketing support for the ETFs following the transaction.\n\nPiper Sandler & Co. served as exclusive financial advisor to O’Shares, with Stradley Ronon Stevens & Young, LLP serving as legal counsel.\n\nImportant Disclosures\n\nAn investor should consider the investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus containing this and other information, call 1-866-759-5679 or visit www.alpsfunds.com. Read the prospectus carefully before investing.\n\nShares are not individually redeemable. Investors buy and sell shares on a secondary market. Only market makers or “authorized participants” may trade directly with the Fund, typically in blocks of 5,000, 25,000 or 50,000 shares.\n\nAll investments are subject to risks, including the loss of money and the possible loss of the entire principal amount invested. Additional information regarding the risks of this investment is available in the prospectus.\n\nEffective 6/17/2022, the O’Shares U.S. Quality Dividend ETF reorganized into the ALPS | O’Shares U.S. Quality Dividend ETF, the O’Shares U.S. Small-Cap Quality Dividend ETF re...