Van Eck Global announced today that those Market Vectors Exchange Traded Funds (ETFs) listed in the table below, will receive a payment related to the Bank of New York Mellon class action settlement.
The total payment to be received by each Fund is listed below. When the Funds calculate their net asset value (“NAV”) per share on Tuesday, October 27, 2015, it is estimated that each Fund’s NAV will be impacted in the amounts stated below based on shares outstanding as of October 23, 2015.
|Market Vectors Uranium+Nuclear Energy ETF (NLR®)||$191,375||916,632||$0.209|
|Market Vectors Global Alternative Energy (GEX®)||$185,067||1,583,298||$0.117|
|Market Vectors Gaming ETF (BJK®)||$65,425||800,000||$0.082|
|Market Vectors Agribusiness ETF (MOO®)||$1,164,934||20,350,000||$0.057|
|Market Vectors Solar Energy ETF (KWT®)||$15,625||300,000||$0.052|
|Market Vectors Coal ETF (KOL®)||$210,259||6,500,000||$0.032|
|Market Vectors Brazil Small-Cap ETF (BRF®)||$137,744||6,000,000||$0.023|
|Market Vectors Rare Earth/Strategic Metals (REMX®)||$47,415||2,224,962||$0.021|
|Market Vectors Egypt Index ETF (EGPT®)||$18,930||924,974||$0.020|
|Market Vectors Indonesia ETF (IDX®)||$66,430||4,700,000||$0.014|
|Market Vectors Poland ETF (PLND®)||$9,992||1,150,000||$0.009|
|Market Vectors Junior Gold Miners ETF (GDXJ®)||$457,518||62,237,446||$0.007|
|Market Vectors Natural Resources ETF (HAP®)||$18,749||2,850,000||$0.007|
|Market Vectors Africa Index ETF (AFK®)||$14,539||3,700,000||$0.004|
|Market Vectors Vietnam ETF (VNM®)||$42,271||27,200,000||$0.002|
|Market Vectors Gulf States Index ETF (MES®)||$572||500,000||$0.001|
About Van Eck Global
Founded in 1955, Van Eck Global was among the first U.S. money managers to help investors achieve greater diversification through global investing. Today, the firm continues this tradition by offering innovative investment choices in specialized asset classes such as hard assets, emerging markets, and precious metals including gold. Van Eck offers a broad array of Market Vectors ETFs spanning broad-based and specialized asset classes, and is one of the largest providers of ETPs in the U.S. and worldwide. The Firm has offices around the world and managed approximately $25.4 billion in investor assets as of September 30, 2015.
Fund shares are not individually redeemable and will be issued and redeemed at their “Net Asset Value” (NAV) only through certain authorized broker-dealers in large, specified blocks of shares called creation units and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in kind. Shares may trade at a premium or discount to their NAV in the secondary market.
Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of a Fund carefully before investing. To obtain a prospectus and summary prospectus, which contain this and other information, call 888.MKT.VCTR or visit marketvectorsetfs.com. Please read the prospectus and summary prospectus carefully before investing.
Van Eck Securities Corporation, Distributor
666 Third Avenue, New York, NY 10017
Mike MacMillan/Chris Sullivan, 212-473-4442