Alerian MLP ETF Product Alert

Alerian MLP Exchange Traded Fund (the “Fund”) (NYSE ARCA: AMLP) today announced that a number of the previously disclosed per share net asset values (“NAV”) of the Fund were incorrect for the period June 6, 2016 through November 25, 2016 (the “period”). The error resulted in the understatement of the NAV ranging from $0.01 - $0.04/per share for the affected days of the period, and was caused by a bookkeeping error.

For the period, the Fund experienced net inflows, and as such, per the Fund’s NAV Error Correction Policy, will be made whole for the aggregate shortfall incurred because of the understated NAVs.

Please contact the Fund at 1-877-398-8461 or alerian@alpsinc.com with any questions or to receive more detail regarding the corrected NAVs for the period.

Risks

Investors should carefully consider the investment objectives, risk, charges and expenses of any exchange-traded fund (“ETF”) prior to investing. For a prospectus containing this and other information, please visit www.alerianmlp.com or call 1-877-398-8461. Please read the prospectus carefully before investing.

There are RISKS involved with investing in ETFs including the loss of money. Additional information regarding the RISKS of this investment is available in the disclosure.

The Fund is taxed as a regular corporation for federal income tax purposes. This differs from most investment companies, which are treated as “regulated investment companies” under the Code and do not pay entity level income taxes.

If, due to tax law changes, a Master Limited Partnership (“MLP”) in the portfolio is deemed a corporation rather than a partnership for federal income purposes, then income would be subject to federal taxation at the MLP level. This would reduce the amount of cash available for distribution to the fund which could result in a reduction of the Fund’s value.

Additionally, the Fund provides tax accounts such as IRA and 401(k) plans with a new option for participating in the energy infrastructure MLP asset class without Unrelated Business Taxable Income concerns. Investors will not receive K-1s as they would if investing directly in MLPs.

All K-1s are received and processed by the Alerian MLP ETF. The Alerian MLP ETF distributes a single Form 1099 to its shareholders.

This notice is provided to you for informational purposes only, and should not be considered tax advice. Please consult your tax advisor for further assistance.

The Fund’s concentration in securities of MLPs involves risks that differ from investments in common stock, including risks related to: (1) limited control and rights to vote on matters affecting the MLP; (2) potential conflicts of interest between the MLP and its general partner; (3) cash flow; (4) dilution; and (5) the general partner’s limited call right. Actual results, performance or events may also be affected by, without limitation, (1) general economic conditions, (2) performance of financial markets, (3) interest rate levels, (4) changes in laws and regulations and (5) changes in the policies of governments and/or regulatory authorities. An investor’s shares, when sold, may be worth more or less than their original cost. MLPs may have additional expenses, as some MLPs pay incentive distribution fees to their general partners. Infrastructure companies are subject to risks specific to the industry they serve including, but not limited to commodity price fluctuations; reduced volumes of energy commodities available for transporting, processing, storing or distributing; changes in the economy or regulatory environment; and extreme weather. The Fund invests primarily in energy infrastructure companies which may be adversely affected by changes in worldwide energy prices, exploration, production spending, government regulation, changes in exchange rates and depletion of natural resources.

ALPS Portfolio Solutions Distributor, Inc. is the distributor for the Alerian MLP ETF.

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