LYXOR ETF - Liquidation - Lyxor Russell 2000 UCITS ETF (1027771)
22 Aprile 2020 - 6:24PM
UK Regulatory
Lyxor International Asset Management (RU2K )
LYXOR ETF - Liquidation - Lyxor Russell 2000 UCITS ETF
22-Apr-2020 / 17:24 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Paris, 27/03/2020,
The terms used herein that begin with an uppercase letter are defined in the
Prospectus.
Liquidation of LYXOR RUSSELL 2000 UCITS ETF, a sub-fund of the MULTI UNITS
France SICAV fund.
SUB-FUND Share class ISIN code
MULTI UNITS FRANCE - LYXOR RUSSELL 2000 Shares FR0011119254
UCITS ETF
Dear Shareholder,
According to our records, you hold shares in LYXOR RUSSELL 2000 UCITS ETF
(the "Sub-fund") the asset management of which has been delegated to Lyxor
International Asset Management (hereafter "LIAM").
LIAM has decided to prematurely liquidate this Sub-fund, since it has failed
to attract sufficient investor demand.
The Sub-fund's objective is to seek exposure to the performance, whether
positive or negative, of the Russell 2000(R) Net 30% Total Return index (the
Benchmark Index"), denominated in US dollars (USD), while minimising the
tracking error between the Sub-fund's performance and that of the Benchmark
Index.
The expected ex-post tracking error under normal market conditions is 0.05%.
LIMA will liquidate the Sub-fund on 29 April 2020 and automatically redeem
your shares, free of charge at their net asset value on 29 April 2020, which
will be calculated on 30 April 2020. The Sub-fund will be delisted from all
exchanges where it is currently listed effective 22 April 2020, at the close
of trading. The subscription and redemption of shares on the primary market
will be suspended on 23 April 2020, at 6.30 pm, Paris time.
If we receive no response from you the proceeds from this liquidation will
be credited to your cash account. We remind that this redemption will be
subject to the taxation rules that normally apply to capital gains or losses
on the sale of securities.
The Sub-fund will bear all of the costs and expenses of this liquidation.
If you would like advice on reinvesting all or part of the proceeds from
this investment, we invite you to contact your Advisor, who will determine
the most appropriate solution given your investor profile and objectives.
For your information, the fund's net asset value per share was 147.7235 USD
on 20 March 2020. However, the net asset value that you will receive when
the Sub-fund is liquidated will be calculated on the basis of the valuation
of its assets on 29 April 2020.
In accordance with regulations, this premature liquidation was reviewed by
the Autorité des Marchés Financiers (AMF) and was approved on 20 March 2020.
We thank you for your trust.
Yours faithfully,
Lionel Paquin
Chairman of Lyxor International Asset Management
ISIN: LU1237527673, LU1237527673
Category Code: MSCH
TIDM: RU2K
Sequence No.: 59870
EQS News ID: 1027771
End of Announcement EQS News Service
(END) Dow Jones Newswires
April 22, 2020 12:24 ET (16:24 GMT)
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