Exchange Traded Concepts to Close and Liquidate the Janus Equal Risk Weighted Large Cap ETF

OKLAHOMA CITY, Feb. 8, 2016 /PRNewswire/ -- After careful consideration, the Board of Trustees of the Exchange Traded Concepts Trust has determined to close and liquidate the Janus Equal Risk Weighted Large Cap ETF ERW. Exchange Traded Concepts, LLC serves as the Investment Adviser and Vident Investment Advisory, LLC ("Vident") is the Sub-Adviser to ERW.

The last day of trading of the Fund's shares on the NASDAQ will be February 24, 2016. Shareholders may sell Fund shares through a broker in the standard manner through this date. Customary brokerage charges may apply to such transactions. The Fund will be closed to new investors as of February 17, 2016. Between February 17, 2016 and February 25, 2016, the Fund will be in the process of liquidating its portfolio assets. This will cause the Fund to increase its cash holdings and deviate from the investment objective and strategies stated in the prospectus.

Shareholders remaining in the Fund on February 25, 2016 will have their shares redeemed automatically and will receive cash in an amount equal to the net asset value of their shares as of the close of business on February 24, 2016. Any accrued capital gains or dividends in the fund will be paid out to shareholders of record as of February 23 and paid on February 24. The fund will begin trading Ex-Dividend on February 19. Shareholders remaining in the Fund on February 25 will not be charged any transaction fees by the Fund.

Whether shares are sold or are automatically redeemed, they will generally recognize a capital gain (or loss) equal to the amount received for shares above (or below) an adjusted cost basis in such shares.

For additional information, please call 877-583-5624 or visit www.janus.com/advisor/exchange-traded-funds.

Carefully consider the Funds' investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Funds' prospectus, which may be obtained by calling 877-583-5624, or by visiting www.janus.com/advisor/exchange-traded-funds. Read the prospectus carefully before investing.

This information is not an offer to sell or a solicitation of an offer to buy shares of any Fund to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.

Investing involves risk, including the possible loss of principal. In addition to the normal risks associated with investing, narrowly focused investments typically exhibit higher volatility.

The Fund is distributed by SEI Investments Distribution Co. ("SIDCO"), which is not affiliated with ETC or any of its affiliates. Exchange Traded Concepts, Vident and SEI Investments Distribution are not affiliated with Janus or VelocityShares.

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SOURCE Exchange Traded Concepts