NEW YORK, Sept. 19, 2014 /PRNewswire/ -- Global X Funds, the New York-based exchange-traded funds, today announced the scheduled liquidation of the following two funds ("Funds"):
The Funds combined represent less than 1% of the assets of the Global X Funds. The Board of Trustees of Global X Funds unanimously determined on September 5, 2014 that it was in the best interests of the Funds and their shareholders to liquidate each of the Funds.
The Funds will cease trading at the end of the trading day on October 16, 2014 and will liquidate on or around October 24, 2014. Any person holding shares in the Funds as of the liquidation date of October 24, 2014 will receive a cash distribution equal to the net asset value of their shares as of that date. Global X Management Company LLC, the adviser to the Funds, will bear all fees and expenses that may be incurred in connection with the liquidation of the Funds and the distribution of cash proceeds to investors, other than brokerage fees and other related expenses.
For additional information about the liquidation, shareholders of the Funds may call 1-888-GX-FUND-1 (1.888.493.8631).
ABOUT GLOBAL X
Global X is a New York-based sponsor of exchange-traded funds that facilitates access to investment opportunities across the global markets. With $4 billion in managed assets and over 100,000 investors as of August 31, 2014, Global X offers exchange-traded funds that target Income, International, Commodity Producers and Alternative fund suites. For more information about these exchanged traded funds, please visit www.globalxfunds.com.
Investing involves risk, including the possible loss of principal.
Carefully consider the Funds' investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Funds' prospectus, which may be obtained by calling 1-888-GX-FUND-1 (1.888.493.8631), or by visiting www.globalxfunds.com. Read the prospectus carefully before investing.
Global X Management Company, LLC serves as an advisor to the Global X Funds. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Global X Management Company or any of its affiliates.
SOURCE Global X Funds