Angel Oak Capital Advisors Announces Reverse Share Splits for Three ETFs
Angel Oak Capital Advisors, LLC plans to carry out reverse share splits across three of its exchange-traded funds. The adjustments will take effect after the close of trading on or about November 13, 2026, with shares trading on a split-adjusted basis starting November 16, 2026.
A reverse split reduces the number of outstanding shares while proportionally increasing the price per share. While this action changes individual share prices and share counts, it does not alter the underlying net asset value of the funds. Ticker symbols will stay the same, though each ETF will be assigned a new CUSIP identifier. Any fractional shares created by the splits will be redeemed for cash, which may generate small cash payments for affected holders.
Investors should monitor their accounts around the mid-November transition date as back-office systems update to reflect the new share quantities and prices. Trading order routing and portfolio positioning will transition to the split-adjusted basis when markets open on November 16, 2026.
Key points
- Angel Oak Capital Advisors, LLC is implementing reverse share splits for three ETFs.
- The splits take effect after the market close on or about November 13, 2026, with adjusted trading starting November 16, 2026.
- The ETFs will keep their existing ticker symbols but will receive new CUSIP identifiers.
- Fractional shares will be redeemed for cash, while overall fund net asset values remain unchanged.
Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org
How we writeDisclaimerQuestions and answers
When do the Angel Oak ETF reverse splits take effect?
The reverse splits will take effect after the close of trading on or about November 13, 2026, with split-adjusted trading beginning on November 16, 2026.
Will the ETF ticker symbols change after the reverse split?
No, the ticker symbols will remain unchanged, though each ETF will be assigned a new CUSIP identifier.
How do the reverse splits affect the value of the ETFs?
The reverse splits adjust share prices and share counts proportionally, leaving total fund net asset values unchanged. Fractional shares will be redeemed for cash.