ETF Advisors Announces Liquidation Distribution for its Four Treasury FITR Funds.

Business Editors

NEW YORK--(BUSINESS WIRE)--May 28, 2003

ETF ETF

See Exchange Traded Fund.

ETF

See exchange-traded fund (ETF). Advisors previously announced on April 17, 2003 that it would close its four Treasury FITR FITR Fork in the Road
FITR Federal Income Tax Return funds: Treasury 1 FITR (TFT (Thin Film Transistor) The term typically refers to active matrix screens on laptop computers. Active matrix LCD provides a sharper screen display and broader viewing angle than does passive matrix. See LCD and thin film.

TFT - Thin Film transistor ), Treasury 2 FITR (TOU), Treasury 5 FITR (TFI TFI Tobacco Free Initiative (World Health Organization)
TFI The Franklin Institute (Philadelphia, Pennsylvania)
TFI The Fertilizer Institute
TFI Technology Futures, Inc. ) and Treasury 10 FITR (TTE TTE Telecommunications Terminal Equipment
TTE Transthoracic Echocardiography
TTE Transthoracic Echocardiogram
TTE Trustee
TTE TCL-Thomson Electronics
TTE To the Extreme (band)
TTE The Tourism Expert ).

ETF Advisors announced today that the funds have been liquidated and has provided the following information on the final NAV See navigation system and navigation bar. of the funds' shares and the capital gains and investment income distributions.


                    Net
                 Investment   ST Capital
                   Income        Gain       Liquidating     Total
                Distribution Distribution/ Distribution/ Distribution/
                   /Share        Share         Share        Share
               ------------------------------------------------------
Fund
----
Treasury 1
FITR              0.123839     0.437703     84.900142    85.461684
----------------------------------------------------------------------
Treasury 2
FITR              0.305813     1.721007     84.159265    86.186085
----------------------------------------------------------------------
Treasury 5
FITR              0.450651     3.269555     84.400320    88.120526
----------------------------------------------------------------------
Treasury 10
FITR              1.125560     4.630448     84.949350    90.705358
----------------------------------------------------------------------

Shareholders remaining in the funds will receive the Net Asset Value (NAV) of their shares as of May 27 (the record date) and capital gains and dividends into the cash portion of their brokerage account on or about May 30, 2003.

Shareholders can visit www.etfadvisors.com or contact ETF Advisors at information@etfadvisors.com or (212) 303-4370 for more information.

COPYRIGHT 2003 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.

Reader Opinion

Article Details
Printer friendly Cite/link Email Feedback
Publication:	Business Wire
Date:	May 28, 2003
Words:	197
Previous Article:	Accretech USA, Inc. Names Greg Sebastian President & Christopher Rentz Vice President-Sales.
Next Article:	Fund Data Now Available for Nuveen Closed-End Exchange-Traded Funds.

Related Articles
A primer on exchange-traded funds: CPAs should know the difference between ETFs and mutual funds.(exchange-traded funds)
ETF Advisors Launches Fixed Income Exchange-Traded Funds; Fixed Income Trust Receipts -- FITRS -- Offer Consistent Maturity, Continuous Liquidity,...
The Bank of New York Appointed Service Provider for FITRS Family of Fixed Income Exchange-Traded Funds Launched by ETF Advisors, LP.
ETF Advisors Announces Closure of its Four Treasury FITR Funds.
Nuveen Launches First Municipal Closed-End Exchange-Traded Fund Index; Index to be Calculated and Published by the American Stock Exchange.
State Street Global Advisors Launches Nine New Exchange-Traded Funds.
State Street Global Advisors Wins 2006 Global ETF Awards.
First Trust/Value Line(R) & Ibbotson Equity Allocation Fund Announces Expected Amount of Per Share Liquidating Distribution.
RE exchange traded fund.(FINANCE)
XTF Advisors Enters 401(k) Market with Mutual Funds of ETFs.