BETHESDA, Md., May 26, 2016 /PRNewswire/ -- AdvisorShares, a
leading sponsor of actively managed exchange-traded funds (ETFs), announced today that the AdvisorShares Trust's Board of
Trustees approved a sub-advisor change for the AdvisorShares TrimTabs Float Shrink ETF (NYSE Arca: TTFS). Santa Monica, California-based Wilshire Associates will serve as the new sub-advisor of TTFS, which will
retain its ticker symbol and be renamed the AdvisorShares Wilshire Buyback ETF, effective July 1,
2016. The ETF will be managed day-to-day by Wilshire's global investment management business unit, Wilshire Funds
Management, which advises on approximately $150 billion.
"We look forward to working with Wilshire and delivering their well-established institutional expertise to TTFS shareholders
and our advisor network," said James Carl, AdvisorShares' managing director of sales and
distribution. "We thoroughly evaluate how we can best-serve both shareholders and prospective shareholders of our actively
managed ETFs, and we believe that Wilshire's exemplary portfolio management capabilities will continue to steer TTFS as a
top-performing strategy, while executing the same investment objective and lowering overall costs, including reducing the fund's
management fee."
For financial professionals and investors requesting more information, please visit www.advisorshares.com or call an AdvisorShares Investment Consultant at 1-877-THE-ETF1
(1-877-843-3831).
About AdvisorShares
A leading provider in the actively managed ETF marketplace, AdvisorShares offers 21 active ETFs with over $1.2 billion of assets under management (as of May 25, 2016). Visit www.advisorshares.com to register for free weekly economic
commentary. For educational insight into the active ETF marketplace, visit www.alphabaskets.com, follow @AdvisorShares on Twitter and 'Like' us on Facebook.
Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and
other information is in the prospectus, a copy of which may be obtained by visiting the Fund's website at www.AdvisorShares.com. Please read the prospectus carefully
before you invest.
Foreside Fund Services, LLC, distributor.
There is no guarantee that the Fund will achieve its investment objective. An investment in the Fund is subject to risk,
including the possible loss of principal amount invested. Investing in mid and small capitalization companies may be riskier and
more volatile than large cap companies. Other Fund risks include market risk, equity risk, large cap risk, liquidity risk and
trading risk. Please see prospectus for details regarding risk.
Shares are bought and sold at market price (closing price) not net asset value (NAV) and are not individually redeemed from
the Fund. Market price returns are based on the midpoint of the bid/ask spread at 4:00 pm Eastern
Time (when NAV is normally determined) and do not represent the return you would receive if you traded at other times.
Press Contact:
Ryan Graham
AdvisorShares
202-684-6442
rg@advisorshares.com
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SOURCE AdvisorShares