Liquidation: Legg Mason ETF Investment Trust

Form Type: 497

Filing Date: 2025-05-22

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525125030

Filing Summary: On May 21, 2025, the Board of Trustees of Legg Mason ETF Investment Trust approved a proposal to liquidate and dissolve the Western Asset Short Duration Income ETF and Western Asset Total Return ETF. The liquidation is expected to take place around August 29, 2025. After August 1, 2025, the Funds will stop accepting creation orders, and trading will cease on NASDAQ prior to the market opening on August 23, 2025. Shareholders may sell their shares until market close on August 22, 2025, after which the shares will be delisted. Upon completion of the liquidation, shareholders who retain their shares will receive cash corresponding to the net asset value, including any capital gains and dividends, around August 29, 2025. Tax implications include potential recognition of taxable gains or losses upon liquidation proceeds and possible taxable distributions. Shareholders are advised to consult tax advisers regarding their individual circumstances.

Form Type: 497K

Filing Date: 2025-05-22

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525125032

Filing Summary: On May 21, 2025, the Board of Trustees of Legg Mason ETF Investment Trust approved a proposal to liquidate and dissolve the Western Asset Short Duration Income ETF and Western Asset Total Return ETF. The liquidation is expected to occur on or about August 29, 2025. After August 1, 2025, the Funds will not accept creation orders, and trading on NASDAQ will be halted prior to market open on August 23, 2025. Shareholders may sell their shares until market close on August 22, 2025, after which the shares will be delisted. Shareholders who do not sell their shares will receive cash equal to the net asset value of their shares, including potential capital gains and dividends, around August 29, 2025. The document highlights important tax implications for shareholders regarding any liquidation proceeds and suggests consulting tax advisors.

Form Type: 497K

Filing Date: 2025-05-22

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525125033

Filing Summary: On May 21, 2025, the Board of Trustees of Legg Mason ETF Investment Trust approved a proposal to liquidate and dissolve the Western Asset Short Duration Income ETF and Western Asset Total Return ETF. The liquidation is expected to occur on or about August 29, 2025. After August 1, 2025, the Funds will halt acceptance of creation orders and trading on NASDAQ will stop prior to market opening on August 23, 2025. Shareholders may sell their shares until market close on August 22, 2025. Proceeds from the liquidation will be distributed to shareholders around August 29, 2025, and shares will be redeemed for cash based on net asset value. Shareholders should be aware of potential taxable gains or losses and are advised to consult tax advisers regarding implications of the liquidation.