Hennessy Advisors signs agreement to add $40M Stance ESG ETF, expanding into ETFs

HENNESSY ADVISORS INC

Signed definitive agreement with Stance Capital to manage Stance Equity ESG Large Cap Core ETF (NYSE: STNC) with ~$40M in assets.
Transaction expected to close in Q4 2022; Stance ETF will become series of Hennessy Funds Trust named Hennessy Stance ESG Large Cap ETF.
Stance Capital will remain sub-advisor; portfolio managers Bill Davis and Kyle Balkissoon to continue day-to-day management.
Subject to customary closing conditions, including SEC exemptive order, board and shareholder approvals; structured as tax-free reorganization.

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