Polen Capital Files to Launch Growth Opportunities ETF and Section 351 Exchange for Eligible Investors
Polen Capital announced today it has filed an initial registration statement with the Securities and Exchange Commission to launch the Polen 5Perspectives Growth Opportunities ETF, an actively managed ETF designed to provide investors with access to Polen Capital’s Growth Opportunities investment strategy.
In advance of the Fund’s launch, Polen Capital expects to offer a one-time opportunity for eligible investors to contribute securities in exchange for shares of the ETF—without immediate recognition of capital gains. Intended to qualify under Section 351 of the Internal Revenue Code, this tax-deferred exchange is designed to help investors efficiently reposition concentrated, low-basis holdings into the Fund while preserving unrealized gains.
The Growth Opportunities strategy invests in growth companies across all market capitalizations (small-, mid-, and large-cap), consistent with the Fund’s investment objective and prospectus.
“We’re pleased to bring the 5Perspectives framework, our multi-discipline approach to growth investing, refined over nearly 25 years, to a broader set of investors through the ETF structure,” said Drew Cupps, Head of the 5Perspectives Growth Team and portfolio manager.
“For investors with concentrated, low-basis positions, taxes can be a barrier to diversification,” said Laura Graff, Head of Product Strategy. “A 351 exchange, if applicable, can help investors reposition into a diversified strategy while deferring the recognition of unrealized gains. Having successfully completed this process with Polen Focus Growth ETF (PCLG) last year, we’re well-positioned to deliver a smooth experience for participating investors.”
No statement herein should be interpreted as an offer to sell or the solicitation of an offer to buy any security (including, but not limited to, any investment vehicle or separate account managed by Polen Capital). This information is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation.