Natixis Investment Managers has announced the liquidation and closure of the Natixis Loomis Sayles Short Duration Income ETF (NYSE: LSST). The decision, made by the Board of Trustees of the Natixis ETF Trust on the recommendation of Natixis Advisors, LLC, will see the fund officially closed.
Key Dates and Procedures:
- Liquidation Date: Expected on or about September 30, 2024.
- Final Trading Day: September 25, 2024, on NYSE Arca.
- Delisting Date: September 26, 2024.
As of September 16, 2024, the Fund will cease to accept new orders for creation units. On the liquidation date, any outstanding shares will be automatically terminated and canceled. Shareholders who remain until the liquidation date will receive a distribution based on the net asset value of their shares. The Fund might issue one or more dividends or distributions before or alongside the liquidation payment.
Shareholders can sell their shares on NYSE Arca until market close on September 25, 2024. No market for buying or selling shares is expected between the market close on September 25 and the liquidation date. During the liquidation period from September 13, 2024, to the liquidation date, the Fund will increase its cash holdings and will not pursue its investment objectives.
For more information, shareholders can contact 1-800-458-7452.
FUND LIQUIDATION DETAILS:
- Fund Name: Natixis Loomis Sayles Short Duration Income ETF
- Ticker: LSST
- Exchange: NYSE Arca, Inc.
About Natixis Investment Managers
Natixis Investment Managers operates with a multi-affiliate approach, connecting clients to the expertise of over 15 active managers. With more than $1.3 trillion in assets under management, Natixis Investment Managers offers a diverse range of investment solutions, including innovative ESG strategies. Headquartered in Paris and Boston, the firm is part of Groupe BPCE and includes affiliated investment management firms like Loomis, Sayles & Company, and Mirova.
