Market Vectors ETF Trust Announces Rebalancing Transactions Associated with Its Exchange Offers for Merrill Lynch HOLDRS®
Van Eck Global made public this afternoon the results of rebalancing transactions associated with exchange offers by its Market Vectors ETF Trust for six Merrill Lynch-sponsored HOLDRS: Oil Service (OIH), Semiconductor (SMH), Pharmaceutical (PPH), Biotech (BBH), Retail (RTH), and Regional Bank (RKH). Earlier today, the firm announced the expiration of the exchange offers and the formal acceptance of validly tendered HOLDRS. (This announcement was made through a separate press release, which can be found on the firm’s website at vaneck.com/holdrs.)
The Rebalanced HOLDRS Securities Value, as summarized below, is the value of the securities underlying the tendered HOLDRS receipts after giving effect to purchases and sales performed by the Transition Manager (ConvergEx Group) today, December 20, 2011, following the expiration of the exchange offers. Values shown are for a round lot of 100 HOLDRS/100 shares of an ETF. The Rebalanced HOLDRS Securities Values can also be found on the company’s website at vaneck.com/holdrs.
About Market Vectors
Founded in 1955, Van Eck Global was among the first U.S. money managers helping investors achieve greater diversification through global investing. Today, the firm continues this tradition by offering innovative, actively managed investment choices in hard assets, emerging markets, precious metals including gold, and other alternative asset classes. Van Eck Global has offices around the world and manages approximately $30.8 billion in investor assets as of September 30, 2011.
Market Vectors exchange-traded products have been offered by Van Eck Global since 2006 and span many asset classes, including equities, municipal bonds and other fixed income as well as currencies. The Market Vectors family currently totals $21.7 billion in assets under management, making it the sixth largest ETF family in the U.S. and the ninth largest worldwide as of September 30, 2011.
All information in this material (other than opinions or expectations) concerning applicable HOLDRS, including their business and operations, was provided by Merrill Lynch & Co., Inc. All information in this material concerning Van Eck ETFs, including its business, operations and financial results, was provided by Van Eck. Information on HOLDRS assets under management and trading volume was sourced from Bloomberg.
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 new ETF carefully before investing. Please read the prospectus and summary prospectus carefully before investing.
Investors may obtain free copies of the prospectus and summary prospectus, and other documents filed with the SEC at the SEC’s web site at www.sec.gov. In addition, free copies of the prospectus and summary prospectus, and other documents filed with the SEC may also be obtained by directing a request to: Van Eck Securities Corporation, Distributor, 335 Madison Avenue, New York, NY 10017 or by calling: 800.826.2333 or visiting vaneck.com/holdrs.
Van Eck Securities Corporation, Distributor, 335 Madison Avenue, New York, NY 10017
Mike MacMillan/Chris Sullivan, 212-473-4442
MARKET VECTORS - GULF STATES ETF MARKET VECTORS AGRIBUSINESS ETF MARKET VECTORS BANK AND BROKERAGE ETF MARKET VECTORS BIOTECH ETF MARKET VECTORS BRAZIL SMALL-CAP ETF MARKET VECTORS CHINAAMC A-SHARES ETF MARKET VECTORS COLOMBIA ETF MARKET VECTORS ENVIRONMENTAL SERVICES INDEX FUND MARKET VECTORS GAMING ETF MARKET VECTORS GERMANY SMALL-CAP ETF MARKET VECTORS GOLD MINERS ETF MARKET VECTORS INDONESIA INDEX ETF MARKET VECTORS LATIN AMERICA SMALL-CAP INDEX ETF MARKET VECTORS NATURAL RESOURCES ETF MARKET VECTORS OIL SERVICES ETF MARKET VECTORS PHARMACEUTICAL ETF MARKET VECTORS POLAND ETF MARKET VECTORS RETAIL ETF MARKET VECTORS RUSSIA ETF MARKET VECTORS STEEL INDEX FUND MARKET VECTORS VIETNAM ETF MARKET VECTORS- AFRICA INDEX ETF MARKET VECTORS-COAL ETF Market Vectors Semiconductor ETF
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here