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Exchange Traded Concepts to Close and Liquidate Range Global Offshore Oil Services Index ETF (NYSE: OFOS)

1. OFOS will liquidate by June 20, 2025, ceasing all operations. 2. Shareholders can only sell shares until June 17, 2025. 3. Post-liquidation distributions to shareholders are taxable events. 4. The Fund's investments may shift before liquidation affecting strategies. 5. Investors face significant risks due to high volatility and liquidation uncertainties.

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FAQ

Why Very Bearish?

The confirmed liquidation signals a major loss of investor confidence, reminiscent of failed ETFs like PTY prior to liquidation.

How important is it?

The imminent liquidation directly influences OFOS's valuation and investor decisions, marking a critical event.

Why Short Term?

Impact is immediate as liquidation approaches, affecting trading dynamics leading up to the closure.

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GUSHDRIPXLE
, /PRNewswire/ -- After careful consideration, Exchange Traded Concepts, LLC, the Fund's investment adviser has recommended, and the Board of Trustees of Exchange Traded Concepts Trust has approved, the termination and liquidation of the Range Global Offshore Oil Services ETF (NYSE: OFOS) pursuant to the terms of a Plan of Liquidation. Accordingly, the Fund is expected to cease operations and liquidate on or about June 20, 2025 (the "Liquidation Date"). The Fund will be closed to orders for new creation units on June 16, 2025, and the last day of trading of the Fund's shares on the NYSE Arca, Inc. will be on or about June 17, 2025. From June 17, 2025 through the last day of trading, 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 Fund shares during that time period. Customary brokerage charges may apply to such transactions. From the last day of trading through the Liquidation Date, shareholders will not be able to purchase or sell shares in the secondary market. In anticipation of the liquidation, the Fund will be managed in a manner intended to facilitate its orderly liquidation, such as by raising cash or making investments in other highly liquid assets. As a result, in preparation for the liquidation, all or a portion of the Fund may not be invested in a manner consistent with its stated investment strategy, which may prevent the Fund from achieving its investment objective. 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. In addition, these payments to shareholders will include accrued capital gains and dividends, if any. As calculated on the Liquidation Date, the Fund's net asset value will reflect the costs of liquidating the Fund. Once the distributions are complete, the Fund will terminate. If you would like additional information, please call: 855-726-4388 or visit: www.rangeetfs.com/ofos. 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. Carefully consider the Fund's investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund's full or summary prospectus, which may be obtained by visiting www.rangeetfs.com/ofos. Read it carefully before investing or sending money Investing involves risk, including possible loss of principal. There is no guarantee the Fund will achieve its stated investment objectives. The Fund is non-diversified. Its concentration in an industry or sector can increase the impact of, and potential losses associated with, the risks from investing in those industries/sectors. Investments in the energy industry are subject to significant volatility due to changes in commodity prices. Additional risks include changes in exchange rates, government regulation, world events, economic and political conditions in the countries where energy companies are located or do business, and risks for environmental damage claims. A significant portion of the revenues of offshore oil companies depend on a relatively small number of customers, including governmental entities and utilities. As a result, governmental budget restraints may have a material adverse effect on the stock prices of companies in the industry. Offshore oil services companies operate in a highly regulated, competitive and cyclical industry, with intense price competition. Offshore oil services companies are exposed to significant and numerous operating hazards. Offshore oil services companies can be significantly affected by natural disasters and adverse weather conditions in the regions in which they operate. The revenues of offshore oil services companies may be negatively impacted by contract termination and renegotiation. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Investments in smaller companies typically exhibit higher volatility. The Fund may invest in securities denominated in foreign currencies. Because the Fund's NAV is determined in U.S. dollars, the Fund's NAV could decline if currencies of the underlying securities depreciate against the U.S. dollar or if there are delays or limits on repatriation of such currencies. Currency exchange rates can be very volatile and can change quickly and unpredictably. Because the Fund is new, investors in the Fund bear the risk that the Fund may not be successful in implementing its investment strategy, may not employ a successful investment strategy, or may fail to attract sufficient assets under management to realize economies of scale, any of which could result in the Fund being liquidated at any time without shareholder approval and at a time that may not be favorable for all shareholders. Such liquidation could have negative tax consequences for shareholders and will cause shareholders to incur expenses of liquidation. The Fund is a recently organized investment company with no operating history. As a result, prospective investors have no track record or history on which to base their investment decision. Moreover, investors will not be able to evaluate the Fund against one or more comparable funds on the basis of relative performance until the Funds has established a track record. Investment Products and Services: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE SOURCE Exchange Traded Concepts, LLC WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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