EXCHANGE LISTED FUNDS TRUST
Armor US Equity Index ETF
NYSE ARCA Ticker: ARMR
Supplement dated December 6, 2023
to the currently effective Summary Prospectus, Prospectus, and Statement of Additional Information
This supplement provides new and additional information beyond that contained in the Summary Prospectus, Prospectus, and Statement of Additional Information for the Armor US Equity Index ETF (the “Fund”) and should be read in conjunction with those documents.
After careful consideration, Exchange Traded Concepts, LLC, the Fund’s investment adviser, in consultation with Armor Index, Inc., the Fund’s index provider and sponsor, has recommended, and the Board of Trustees of Exchange Listed Funds Trust has approved, the termination and liquidation of the Fund pursuant to the terms of a Plan of Liquidation. Accordingly, the Fund is expected to cease operations and liquidate on or about December 29, 2023 (the “Liquidation Date”).
The Fund will be closed to orders for new creation units on December 26, 2023, and the last day of trading of the Fund’s shares on the NYSE Arca, Inc. will be on or about December 27, 2023. From December 26, 2023 through the last day of trading, shareholders may only be able to sell their shares to certain broker-dealers, and there is no assurance that there will be a market for Fund shares during that time period. Customary brokerage charges may apply to such transactions. From the last day of trading through the Liquidation Date, shareholders will not be able to purchase or sell shares in the secondary market.
In anticipation of the liquidation, the Fund will be managed in a manner intended to facilitate its orderly liquidation, such as by raising cash or making investments in other highly liquid assets. As a result, in preparation for the liquidation, all or a portion of the Fund may not be invested in a manner consistent with its stated investment strategy, which may prevent the Fund from achieving its investment objective.
On or about the Liquidation Date, the Fund will liquidate its assets and distribute cash pro rata to all remaining shareholders. These distributions are taxable events. In addition, these payments to shareholders will include accrued capital gains and dividends, if any. As calculated on the Liquidation Date, the Fund’s net asset value will reflect the costs of liquidating the Fund. Once the distributions are complete, the Fund will terminate.
If you would like additional information, please call: (855)-973-9880 or visit: www.armoretfs.com.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.