Exchange Traded Concepts to Close and Liquidate The Blue Horizon BNE ETF (NYSE:BNE)

OKLAHOMA CITY, Aug. 26, 2024 /PRNewswire/ -- The Board of Trustees of ETF Series Solutions, upon a recommendation from Exchange Traded Concepts, LLC, the investment adviser to the Blue Horizon BNE ETF,  (the "Fund"), has determined to close and liquidate the Fund immediately after the close of business on September 27, 2024 (the "Liquidation Date"). Shares of the Fund are listed on the New York Stock Exchange Arca, Inc.

Effective on or about September 18, 2024, the Fund will begin 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 Fund's prospectus.

The Fund will no longer accept orders for new creation units after the close of business on the business day prior to the Liquidation Date, and trading in shares of the Fund will be halted prior to market open on the Liquidation Date. Prior to the Liquidation Date, 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 the Fund's shares during that time period. Customary brokerage charges may apply to such transactions.

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. Distributions made to shareholders should generally be treated as received in exchange for shares and will therefore generally give rise to a capital gain or loss depending on a shareholder's tax basis. Shareholders should contact their tax advisor to discuss the income tax consequences of the liquidation. As calculated on the Liquidation Date, the Fund's net asset value will reflect the costs of closing the Fund, if any. Once the distributions are complete, the Fund will terminate. Proceeds of the liquidation will be sent to shareholders promptly after the Liquidation Date.

For additional information, please call 1-800-617-0004.

Please retain this Supplement with your Summary Prospectus, Prospectus, and SAI for future reference.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing.

For a prospectus or summary prospectus with this and other information about the Fund, please call (800) 617-0004 or visit our website at https://www.bne-etf.com/. Read the prospectus or summary prospectus carefully before investing.

Investments involve risk. Principal loss is possible. The fund may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. As a result, the value of the Fund's shares may rise and fall more than the value of shares of a fund that invests in securities of companies in a broader range of industries.

Exchange Traded Concepts, LLC is advisor to the fund. Blue Horizon serves as the index provider. The fund is distributed by Quasar Distrib­utors, LLC which is not affiliated with Blue Horizon, Exchange Traded Concepts, LLC, or any of their affiliates.

Investment Products and Services:

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

SOURCE Exchange Traded Concepts, LLC

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