Texas Capital Announces the Liquidation of the Texas Small Cap Equity Index ETF

About this update from Texas Capital Bancshares, Inc.

[{"type":"text","content":"DALLAS, Nov. 19, 2025 (GLOBE NEWSWIRE) -- The Board of Trustees of the Texas Capital Funds Trust (the “Board”) has authorized an orderly liquidation of the Texas Capital Texas Small Cap Equity Index ETF (NASDAQ: TXSS) (the “Fund”). After careful consideration of the Fund’s size, asset composition and growth trajectory, the Board determined that it is advisable and in the best interest of the Fund and its shareholders to liquidate the Fund. As constructed, TXSS shared some of the portfolio constituents and other attributes of its larger counterpart, the Texas Capital Texas Equity Index ETF (NYSE: TXS). Our investors can continue to benefit from the growth of the Texas economy by investing in TXS. The last day of trading for the Fund’s shares on NASDAQ will be December 8, 2025 (the “Closing Date”). On that date, the Fund will stop accepting creation units from authorized participants. Shareholders may sell their holdings through their brokerage accounts prior to the Closing Date. The Fund is expected to cease operations, liquidate its assets, and distribute the liquidation proceeds to shareholders on December 15, 2025 (\"Liquidation Date\"). Between the Closing Date and the Liquidation Date, shareholders may only be able to sell their shares to certain broker-dealers and there is no assurance that a market for the Fund’s shares will be available during this period. Shareholders who continue to hold shares through the Liquidation Date will receive a cash distribution based on the net asset value (“NAV”) of their holdings as of that date, which will include any accumulated capital gains and dividends. The liquidation and related distributions may be treated as a taxable event. Shareholders should consult their tax advisers regarding the potential tax implications of the liquidation. Following completion of the distributions, the Fund will be formally closed and terminated. About Texas Capital Bancshares, Inc.Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank (“TCB”). Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly-owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Foun...

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