GNRX, PLND, PRB ETFs to Close. VanEck, one of the largest providers of exchange traded funds (ETFs) in the U.S. and worldwide with approximately $47.8 billion in assets under management as of January 31, 2019, announced today that it plans to close and liquidate 3 VanEck Vectors ETFs. On March 4, 2019, the Board of Trustees of VanEck Vectors ETF Trust approved the liquidation and dissolution of the following funds:

VanEck Vectors Generic Drugs ETF (NASDAQ: GNRX)
VanEck Vectors Poland ETF (NYSE Arca: PLND)
VanEck Vectors Pre-Refunded Municipal Index ETF (Cboe BZX: PRB)

As the sponsor of VanEck Vectors ETFs, VanEck is proud to be an industry leader in offering unique, targeted exposures to numerous asset classes through ETFs that seek to meet investor needs. VanEck continuously monitors and evaluates its ETF offerings across a number of factors, including performance, liquidity, assets under management, and investor interest, among others. The decision was made to liquidate these funds based on an analysis of these factors.

Shareholders of the Funds may sell their shares of each Fund on its relevant listing exchange until market close on April 5, 2019 (transaction fees from their broker-dealer may be incurred). The Funds’ shares will no longer trade on the relevant listing exchanges after market close on April 5, 2019, and the shares will subsequently be de-listed. Shareholders who continue to hold shares of any of the Funds on the Funds’ liquidation date, which is expected to be on or about April 12, 2019, will receive a liquidating distribution of cash in the cash portion of their brokerage accounts equal to the amount of the net asset value of their shares. Proceeds from the liquidation are currently scheduled to be sent to shareholders on or  about April 12, 2019. For tax purposes, shareholders will generally recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares. The Funds will stop accepting creation orders from Authorized Participants on April 5, 2019.

In addition, shareholders who hold shares of any of the Funds may receive a final distribution of net income and capital gains earned by such Fund and not previously distributed prior to liquidation. The final tax status of distributions made by the Funds, including the liquidating distribution, will be provided to shareholders with the year-end tax reporting for the Funds (including any portion which may be treated as a return of capital for tax purposes, reducing a shareholder’s basis in such shares).