BNY Mellon Asset Servicing Selected to Provide Services for AdvisorShares ETF Trust

BNY Mellon Asset Servicing Selected to Provide Services for AdvisorShares ETF
Trust

New ETFs Aimed at Growing Market for Active Management

NEW YORK, April 29 /PRNewswire-FirstCall/ -- BNY Mellon Asset Servicing, the
global leader in securities servicing, announced today that it has been
selected by AdvisorShares Trust to provide comprehensive exchange traded funds
(ETF) services. BNY Mellon will supply custody, fund accounting, fund
administration, basket calculation, and transfer agency services for
AdvisorShares' multi-manager and single-manager strategies.

"We're pleased to be working with BNY Mellon, which excels in providing ETF
services to our sophisticated family of active ETFs," said Noah Hamman, chief
executive officer of AdvisorShares. "We are excited about the imminent launch
of our first ETF and anticipate introducing additional products shortly. The
AdvisorShares ETF structure delivers the combined benefits of active
management found in mutual funds with the advantages of an ETF, including tax
efficiencies and real-time pricing and transaction capability."

"Our reputation for service was a key reason for being chosen as a partner by
AdvisorShares," said Joseph Keenan, managing director and head of relationship
management for U.S. Asset Services at BNY Mellon Asset Servicing. "We are
continuing to develop the technology required to support an expanding array of
ETFs, particularly in the actively managed space."

AdvisorShares is an innovative investment management firm designed to offer
actively managed ETFs. Exchange Traded Funds are one of the fastest growing
investment products due to their operational and tax efficient structure, and
ease of accessibility. AdvisorShares intends to offer a variety of investment
products designed to help investors reach their financial goals. The company
seeks out top investment management firms interested in sub-advisory and
product development opportunities, as well as qualified emerging money
managers. AdvisorShares Investments, LLC, is majority owned by Fund.com Inc.,
an online financial community which provides investment insight, analysis and
portfolio planning tools. Additional Information about AdvisorShares
Investments, LLC is available at www.AdvisorShares.com.

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of
specialized asset servicing capabilities, including custody and fund services,
securities lending, performance and analytics, and execution services. BNY
Mellon Asset Servicing provides services through The Bank of New York Mellon
and other related companies.

The Bank of New York Mellon Corporation is a global financial services company
focused on helping clients manage and service their financial assets,
operating in 34 countries and serving more than 100 markets. The company is a
leading provider of financial services for institutions, corporations and
high-net-worth individuals, providing superior asset management and wealth
management, asset servicing, issuer services, clearing services and treasury
services through a worldwide client-focused team. It has $19.5 trillion in
assets under custody and administration, $881 billion in assets under
management, services more than $11 trillion in outstanding debt and processes
global payments averaging $1.8 trillion per day. Additional information is
available at www.bnymellon.com.

SOURCE The Bank of New York Mellon

Mike Dunn of BNY Mellon Asset Servicing, +1-212-922-7859,
mike.g.dunn@bnymellon.com