REMX Reverse Split VanEck announced today that the Board of Trustees of the VanEck Vectors ETF
Trust has approved a reverse split of the shares of the following five ETFs:
REMX
https://finance.yahoo.com/news/vaneck-announces-reverse-share-split-120000879.html
VanEck Vectors Rare Earth/Strategic Metals ETF
1-for-3
The effective date of the split will be at market open on April 15, 2020. The Funds will continue to trade on the NYSE Arca under the same ticker symbols. The Funds will be issued new CUSIP numbers, as listed above.
The Depository Trust Company ("DTC"), the registered owner of all Fund shares, has been notified of the reverse split and has been instructed to adjust each shareholder’s investment accordingly.
Shares of the Funds will be offered on a split-adjusted basis on April 15, 2020. The total market value of the shares outstanding will not be affected as a result of this reverse split, except with respect to the redemption of fractional shares, as discussed below.