Changes to Market Vectors ETF Product Line

Van Eck Global, has announced that it plans to close and liquidate four Market Vectors ETFs.s.…

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On September 3, 2015, the Board of Trustees of Market Vectors ETF Trust approved the liquidation and dissolution of the following funds:

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.

ETF Name – Ticker
Market Vectors MSCI Emerging Markets Quality ETF – QEM
Market Vectors MSCI Emerging Markets Quality Dividend ETF – QDEM
Market Vectors MSCI International Quality ETF – QXUS
Market Vectors MSCI International Quality Dividend ETF – QDXU

In addition, shareholders who hold shares of the Funds may receive a final distribution of net income and capital gains earned by the Funds 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).

Source: ETFWorld.com

WMCR
Wilshire Micro-Cap ETF (based on the Wilshire US Micro-Cap Index)