Global X Funds, the New York-based exchange-traded funds, today announced the scheduled liquidation of the following 4 funds:
Global X Brazil Financials ETF (NYSE: BRAF)
Global X Central Asia & Mongolia Index ETF (NYSE: AZIA)
Global X Guru Small Cap Index ETF (GURX)
Global X Junior Miners ETF (JUNR)
Based upon the recommendation of Global X Management Company LLC, the Trust’s adviser, the Board of Trustees of Global X Funds unanimously determined on September 11, 2015 that it was in the best interests of the Funds and their shareholders to liquidate each of the Funds. The Funds, combined, represent less than 1% of the assets of the Global X Funds.
Shareholders may sell their holdings in each Fund prior to the end of the trading day on October 8, 2015 and customary brokerage charges may apply to these transactions. The Funds will cease trading at the end of the trading day on October 8, 2015, no new creation units will be sold for any Fund after that time, and each Fund will liquidate on or around October 22, 2015. Any person holding shares in the Funds as of the liquidation date 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.