Exchange Traded Concepts (ETC) serves as the investment adviser and Vident Investment Advisory serves as the sub-adviser to the REX Gold Hedged FTSE Emerging Markets ETF (GHE).
The fund will be closed to orders for new creation units as of 18 May 2017, and the last day of trading of the fund’s shares on the NYSE Arca will be 1 June 2017.
From 2 June through 6 June, shareholders may only be able to sell their shares to certain broker-dealers, and there is no assurance that there will be a market for fund shares during that time period. Customary brokerage charges may apply to such transactions.
The fund will liquidate on or around 6 June 2017. For the ordinary income distribution, the ex-date will be 31 May, the record date will be 2 June and the pay date will be 5 June. On or about 19 May, the fund will be liquidating its portfolio assets. This will cause the fund to increase its cash holdings and deviate from the investment objective and strategies stated in the fund’s prospectus.
On or about the liquidation date, the fund will liquidate its assets and distribute cash pro rata to all remaining shareholders. These distributions are taxable events. In addition, these payments to shareholders will include accrued capital gains and dividends, if any. As calculated on the liquidation date, the fund’s net asset value will reflect the costs of closing the fund. Once the distributions are complete, the fund will terminate.