Fund Advisor, in consultation with LGBTQ Loyalty Holdings, determines that Fund Should be Closed
WILTON MANORS, Fla., April 14, 2022 (GLOBE NEWSWIRE) -- LGBTQ Loyalty Holdings, Inc. (OTCPINK:LFAP) ("LGBTQ Loyalty" or “the Company''), a diversity- and inclusion-driven financial methodology and data company announces, in consultation with ProcureAM, LLC, the investment advisor to the LGBTQ + ESG100 ETF (the “Fund”), the termination and liquidation of the Fund pursuant to the terms of a Plan of Liquidation. This has been approved by the Board of Trustees of Procure ETF Trust I (the “Trust”). The Fund is expected to cease operations and liquidate on or about April 28, 2022 (the "Liquidation Date"). The Board determined, after considering ProcureAM’s recommendation and the Company’s request, that it is in the best interests of the Fund and its shareholders to liquidate and terminate the Fund.
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