NEW YORK, Nov. 16, 2016 /PRNewswire/ -- OppenheimerFunds, Inc. announced today that the Navellier Overall A-100 Revenue ETF (RWV) (the "Fund") will be closed and liquidated. On November 11, 2016, the Board of Trustees of the Fund approved its liquidation. The final day of trading on the NYSE Arca for shares of the Fund will be Thursday, December 15, 2016. The Fund will cease accepting creation units on December 9, 2016. Shareholders may sell their shares on or before market close on December 15, 2016, and may incur customary brokerage charges. Shareholders who do not sell their shares on or before December 15, 2016 will receive cash equal to the amount of the net asset value of their shares in liquidating distributions. These liquidating distributions are expected to be paid on Friday, December 23, 2016. Payment may occur prior to or later than this date, and the Fund will subsequently be delisted. Final tax status of distributions made by the Fund, including the liquidation distribution, will be provided to shareholders as part of their year-end tax reporting. OppenheimerFunds, a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $220 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of October 31, 2016. Founded in 1959, OppenheimerFunds is an asset manager with a history of providing innovative strategies to its investors. The firm's 15 investment management teams specialize in equity, fixed-income, alternative, multi-asset, and revenue-weighted-ETF strategies. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from endowments and sovereigns to financial advisors and individual investors. OppenheimerFunds and certain of its subsidiaries provide advisory services to the Oppenheimer family of funds, and OFI Global Asset Management offers solutions to institutions. For more information, visit oppenheimerfunds.com. Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.