NEWYORK, November 16, 2016 – 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.