Van Eck Global announced today that it plans to close and liquidate 4 Market Vectors ETFs:
1. Market Vectors MSCI Emerging Markets Quality ETF (QEM)
2. Market Vectors MSCI Emerging Markets Quality Dividend ETF (QDEM)
3. Market Vectors MSCI International Quality ETF (QXUS)
4. Market Vectors MSCI International Quality Dividend ETF (QDXU)
Shareholders of the Funds may sell their holdings on NYSE Arca Inc. (“NYSE Arca”) until market close on September 18, 2015, and they may incur typical transaction fees from their broker-dealer. The Funds’ shares will no longer trade on NYSE Arca after market close on September 18, 2015, 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 October 28, 2015, will receive a liquidating distribution of cash in the cash portion of their brokerage accounts equal to the amount of the net asset value (“NAV”) of their shares. Proceeds from the liquidation are currently scheduled to be sent to shareholders on or about October 28, 2015, although this may occur prior to or later than this date. 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.