AdvisorShares Announces 1-For-10 Reverse Split Of ETF, Effective September 10, 2024

Benzinga · 08/30 20:16

AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), has announced a reverse split of the issued and outstanding shares of the AdvisorShares Psychedelics ETF. The split will not change the total value of a shareholder's investment.

 

 Effective before market open on September 10, 2024, the Fund will affect a reverse split of its issued and outstanding shares as follows:

Fund Name Reverse Split Ratio Approximate decrease in total

number of outstanding shares
AdvisorShares Psychedelics ETF 1 for 10 90 %

Please note the CUSIP changes, effective September 10, 2024:

Fund Name Ticker Current CUSIP New CUSIP
AdvisorShares Psychedelics ETF PSIL 00768Y362 00768Y297