Brookstone Asset Management to Liquidate Four Investment Funds

WHEATON, Ill., August 1, 2023 (VSNewsNetwork.com) - Brookstone Asset Management, LLC (BAM), formerly known as Formula Folio Investments LLC, has announced the upcoming closure of four of its funds. According to BAM, shares of the FormulaFolios Hedged Growth ETF (FFHG), FormulaFolios Smart Growth ETF (FFSG), FormulaFolios Tactical Growth ETF (FFTG), and FormulaFolios Tactical Income ETF (FFTI), currently listed and traded on Cboe BZX Exchange, Inc., are set to be liquidated.

The Board of Trustees of the Northern Lights Fund Trust IV approved the orderly liquidation of these funds on June 26, 2023, deeming it beneficial for each fund and its shareholders. Trading will cease on October 6, 2023, with the liquidation of assets and distribution of proceeds set to take place on October 16, 2023. Shareholders remaining on this date will receive cash equivalent to the net asset value of their shares, including any capital gains and dividends.

This process will likely be considered a taxable event for shareholders, who are advised to consult their tax professionals regarding the potential implications. After the distributions, the funds will be terminated.

To learn more about the liquidation or Brookstone Asset Management, visit www.brookstoneam.com.

Source: Brookstone Asset Management via Newswire