AdvisorShares Announces New Organizational Plans for HYLD, an Industry-Leading Income Payer Among High Yield ETFs and Mutual Funds

AdvisorShares, announced today that the AdvisorShares Board of Trustees has approved a transition of the AdvisorShares Peritus High Yield ETF (Ticker: HYLD) from the AdvisorShares Trust to the Amplify ETF Trust, which is sponsored by Amplify ETFs. Pending approval by HYLD shareholders and the Amplify ETF Trust Fund Board, this is expected to become effective in the second quarter of 2018.