American Beacon to invest in ARK Investment Management

ARK Investment Management has agreed to sell a minority stake to American Beacon Advisors. Financial terms weren’t announced. New York-based ARK is an investment manager that provides a line of ETFs. Freeman & Co advised ARK.

PRESS RELEASE

— _July 14, 2016 – ARK Investment Management (ARK) announced an agreement to sell a minority interest to American Beacon Advisors

— _This represents American Beacon Advisors’ first acquisition since its divestiture from American Airlines in 2008

— _ARK, founded in 2014, is an investment manager focused on thematic investing in disruptive innovation strategies

– _Offers registered and unregistered products, including a suite of exchange-traded funds

— _The transaction meaningfully expands ARK’s ETF distribution capabilities across the US

— _ARK is the first manager to join American Beacon’s new multi-affiliate investment management holding company