SSGA Active Trust has announced plans to close and liquidate its State Street Nuveen Municipal Bond ETF. This decision, made by the Trust's Board of Trustees at the recommendation of SSGA Funds Management, Inc., is significant for current shareholders and reflects ongoing trends in the investment industry.
SSGA Active Trust is an investment entity based in Boston, Massachusetts. It operates under the Central Index Key of 0001516212 and has recently filed several forms, including a 497K on October 30, 2026. The Trust has undergone name changes in the past, previously known as SSgA Active ETF Trust.
The filing states that the Board voted on August 19, 2026, to close and liquidate the Fund. The last day of trading for the Fund's shares will be February 17, 2027, with the liquidation date set for February 23, 2027. Shareholders of record will receive cash at the net asset value of their shares, which will include any net capital gains and net investment income that had not been previously distributed.
This move may affect existing shareholders who will need to consider their options as the Fund liquidates its portfolio. The Fund will increase its holdings in cash and/or cash equivalents during the liquidation process, which may not align with its original investment objective and strategy. Shareholders can sell their shares on the listing exchange before February 18, 2027, but there is no assurance of a market for the shares after that date.
Looking ahead, shareholders can expect a liquidating cash distribution equal to the current net asset value of their shares on or about February 24, 2026. While there will be no transaction fees for shareholders remaining on the Liquidation Date, the proceeds may result in capital gains or losses based on individual tax circumstances. Shareholders are advised to consult their tax advisers regarding the implications of the liquidation.
For additional information, shareholders can call 1-866-787-2257. This filing, accession number 0001193125-26-441787, provides crucial updates for stakeholders in the investment community.
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