ALPS to Close Three Exchange Traded Funds

DENVER--(BUSINESS WIRE)--

ALPS, a DST Company focused on asset servicing and asset gathering, today announced the liquidation of three VelocityShares ETFs.

The three Funds -- VelocityShares Emerging Asia DR ETF ASDR, VelocityShares Emerging Markets DR ETF EMDR and VelocityShares Russia Select DR ETF RUDR -- will close to new investors on November 18, 2014 and liquidate on November 21, 2014.

The decision to close the Funds was made by the ALPS ETF Trust's Board of Trustees after consultation with ALPS Advisors, Inc., the investment advisor to the Funds. On consideration of current market conditions, as well as prospects for growth in the Funds' assets, the Board determined that it was in the best interests of the Funds and their shareholders to liquidate the Funds' shares, which are listed on the NASDAQ. The last day of trading for the three Funds is scheduled to be Thursday, November 20, 2014.

The Funds will immediately begin the process of closing down and liquidating their portfolios. The process will result in the Funds not tracking their underlying indexes and their cash holdings increasing, which may be inconsistent with the Funds' investment objectives and strategies. From November 19, 2014 to November 20, 2014, shareholders may be able to sell their shares to certain broker-dealers, but there can be no assurance that there will be a market for the Funds.

Any person holding shares in the Funds as of the liquidation date will receive a cash distribution equal to the net asset value of their shares. Shareholders receiving this cash distribution will not incur transaction fees in connection with this distribution or the liquidation of their shares in the Funds. A portion of the distribution may represent an ordinary income dividend or a capital gain distribution.

For additional information about the liquidation, shareholders of the Funds may call ALPS at 866-759-5679 or visit www.alpsfunds.com.

About ALPS

ALPS provides customized asset servicing and asset gathering solutions to the financial services community through an entrepreneurial culture based on the commitment to “Do Things Right.” Founded in 1985, ALPS continues to actively promote all of its various business segments, from asset servicing through ALPS Fund Services, Inc. to asset gathering through ALPS Portfolio Solutions Distributor, Inc., ALPS Distributors, Inc. and ALPS Advisors, Inc. Headquartered in Denver, with offices in Boston, New York, Seattle, and Toronto, ALPS, a wholly‐owned subsidiary of DST Systems, Inc., today represents more than 450 employees, over 200 clients, and an executive team that has been in place for more than 19 years. For more information about ALPS and its services, visit www.alpsinc.com. Information about ALPS products is available at www.alpsfunds.com.

An investor should consider the investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus which contain this and other information call 1-866-759-5679 or visit www.alpsfunds.com. Read the prospectus carefully before investing.

Shares are not individually redeemable. Investors buy and sell shares on a secondary market. Only market makers or “authorized participants” may trade directly with the Fund, typically in blocks of 50,000 shares.

ALPS Portfolio Solutions Distributor, Inc. is the Distributor for the VelocityShares Emerging Asia DR ETF, the VelocityShares Emerging Markets DR ETF and the VelocityShares Russia Select DR ETF.