SS&C ALPS Advisors Announces Reverse Share Split of the Alerian MLP ETF (AMLP)

DENVER, April 27, 2020 /PRNewswire/ -- SS&C ALPS Advisors announced today that the Board of Trustees of the ALPS ETF Trust has approved a 1-for-5 reverse split of the shares of the Alerian MLP ETF (NYSE Arca: AMLP) in order to potentially reduce trading costs for investors.

The reverse split and new CUSIP of AMLP will be effective at the market open on Monday, May 18, 2020.  AMLP will continue to trade on the NYSE Arca under the same ticker symbol. AMLP will be issued a new CUSIP number, as listed below.

The reverse split will reduce the number of AMLP's shares outstanding and will proportionately raise the price of the shares for AMLP, without affecting the total value of the shares outstanding, except with respect to the redemption of fractional shares, as discussed below.

As a result of the reverse share split, a shareholder of AMLP could potentially hold fractional shares. However, fractional shares cannot trade on NYSE Arca, AMLP's primary listing exchange. Post-split fractional shares will be redeemed for cash and sent to the broker of record. This redemption may cause some shareholders to realize a gain or loss, which could be a taxable event for those shareholders. Otherwise, the reverse split will not result in a taxable transaction for shareholders of AMLP. Some brokerage charges may apply as a result of the reverse split and are not charges imposed by ALPS Advisors, Inc.

Important Disclosures
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1.877.398.8461 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.

Investments in securities of MLPs involve risks that differ from an investment in common stock. MLPs are controlled by their general partners, which generally have conflicts of interest and limited fiduciary duties to the MLP, which may permit the general partner to favor its own interests over the MLPs.

The benefit you are expected to derive from the Fund's investment in MLPs depends largely on the MLPs being treated as partnerships for federal income tax purposes. As a partnership, an MLP has no federal income tax liability at the entity level. Therefore, treatment of one or more MLPs as a corporation for federal income tax purposes could affect the Fund's ability to meet its investment objective and would reduce the amount of cash available to pay or distribute to you. Legislative, judicial, or administrative changes and differing interpretations, possibly on a retroactive basis, could negatively impact the value of an investment in MLPs and therefore the value of your investment in the Fund.  

The Fund invests primarily in energy infrastructure companies which may be adversely affected by changes in worldwide energy prices, exploration and production spending, government regulation, changes in exchange rates, depletion of natural resources and risks that arise from extreme weather conditions.

All K-1s are received and processed by the Alerian MLP ETF. The Alerian MLP ETF distributes a single Form 1099 to its shareholders. This notice is provided to you for informational purposes only, and should not be considered tax advice. Please consult your tax advisor for further assistance.

There are risks involved with investing in ETFs including the loss of money. An investment in the Fund is subject to investment risk including the possible loss of the entire principal amount that you invest.

If, due to tax law changes, an MLP in the portfolio is deemed a corporation rather than a partnership for federal income purposes, then income would be subject to federal taxation at the MLP level. This would reduce the amount of cash available for distribution to the fund which could result in a reduction of the fund's value. The Fund is taxed as a regular corporation for federal income purposes, which reduces the Net Asset Value of fund shares by the accrual of any deferred tax liabilities. Depending on the taxes paid by the fund as a result of income and/or gains from investments and/or the sale of MLP interests, the return on an investment in the Fund will be reduced. This differs from most investment companies, which elect to be treated as "regulated investment companies" to avoid paying entity level income taxes. The ETF is taxed as a regular corporation and is subject to U.S. federal income tax on taxable income at the corporate tax rate (currently as high as 21%) as well as state and local taxes.

ALPS Portfolio Solutions Distributor, Inc. is the distributor for the Alerian MLP ETF.

Not FDIC Insured • No Bank Guarantee • May Lose Value.

About The Alerian MLP ETF
The Alerian MLP ETF (NYSE: AMLP) seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index (AMZI).

The AMZI Index is a capped, float-adjusted, capitalization-weighted composite of energy infrastructure Master Limited Partnerships (MLPs) that earn the majority of their cash flow from midstream activities including the transportation, storage, and processing of energy commodities.

About SS&C | ALPS Advisors
ALPS Advisors, Inc., a wholly-owned subsidiary of SS&C Technologies, Inc., is a leading provider of investment products for advisors and institutions. With over $10 billion in assets under management as of March 31, 2020, the firm provides access to asset classes and boutique asset managers in real assets, alternatives, thematic/factor and fixed income through both ETF and open-end mutual fund structures. For more information, visit www.alpsfunds.com.  

About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology. For more information, visit www.ssctech.com.

*Registered Representative of ALPS Distributors, Inc.

SOURCE ALPS Advisors

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