Van Eck Global announced today that those Market Vectors Exchange Traded
Funds (ETFs) listed in the table below, will receive a payment related
to the Bank of New York Mellon class action settlement.
The total payment to be received by each Fund is listed below. When the
Funds calculate their net asset value (“NAV”) per share on Tuesday,
October 27, 2015, it is estimated that each Fund’s NAV will be impacted
in the amounts stated below based on shares outstanding as of October
23, 2015.
|
Fund
|
|
|
|
|
Payment
Amount
|
|
|
|
Shares
Outstanding
as of October
23,
2015
|
|
|
|
Per Share
Impact
|
|
|
|
|
Market Vectors Uranium+Nuclear Energy ETF (NLR®)
|
|
|
|
|
$191,375
|
|
|
|
916,632
|
|
|
|
$0.209
|
|
|
|
|
Market Vectors Global Alternative Energy (GEX®)
|
|
|
|
|
$185,067
|
|
|
|
1,583,298
|
|
|
|
$0.117
|
|
|
|
|
Market Vectors Gaming ETF (BJK®)
|
|
|
|
|
$65,425
|
|
|
|
800,000
|
|
|
|
$0.082
|
|
|
|
|
Market Vectors Agribusiness ETF (MOO®)
|
|
|
|
|
$1,164,934
|
|
|
|
20,350,000
|
|
|
|
$0.057
|
|
|
|
|
Market Vectors Solar Energy ETF (KWT®)
|
|
|
|
|
$15,625
|
|
|
|
300,000
|
|
|
|
$0.052
|
|
|
|
|
Market Vectors Coal ETF (KOL®)
|
|
|
|
|
$210,259
|
|
|
|
6,500,000
|
|
|
|
$0.032
|
|
|
|
|
Market Vectors Brazil Small-Cap ETF (BRF®)
|
|
|
|
|
$137,744
|
|
|
|
6,000,000
|
|
|
|
$0.023
|
|
|
|
|
Market Vectors Rare Earth/Strategic Metals (REMX®)
|
|
|
|
|
$47,415
|
|
|
|
2,224,962
|
|
|
|
$0.021
|
|
|
|
|
Market Vectors Egypt Index ETF (EGPT®)
|
|
|
|
|
$18,930
|
|
|
|
924,974
|
|
|
|
$0.020
|
|
|
|
|
Market Vectors Indonesia ETF (IDX®)
|
|
|
|
|
$66,430
|
|
|
|
4,700,000
|
|
|
|
$0.014
|
|
|
|
|
Market Vectors Poland ETF (PLND®)
|
|
|
|
|
$9,992
|
|
|
|
1,150,000
|
|
|
|
$0.009
|
|
|
|
|
Market Vectors Junior Gold Miners ETF (GDXJ®)
|
|
|
|
|
$457,518
|
|
|
|
62,237,446
|
|
|
|
$0.007
|
|
|
|
|
Market Vectors Natural Resources ETF (HAP®)
|
|
|
|
|
$18,749
|
|
|
|
2,850,000
|
|
|
|
$0.007
|
|
|
|
|
Market Vectors Africa Index ETF (AFK®)
|
|
|
|
|
$14,539
|
|
|
|
3,700,000
|
|
|
|
$0.004
|
|
|
|
|
Market Vectors Vietnam ETF (VNM®)
|
|
|
|
|
$42,271
|
|
|
|
27,200,000
|
|
|
|
$0.002
|
|
|
|
|
Market Vectors Gulf States Index ETF (MES®)
|
|
|
|
|
$572
|
|
|
|
500,000
|
|
|
|
$0.001
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
About Van Eck Global
Founded in 1955, Van Eck Global was among the first U.S. money managers
to help investors achieve greater diversification through global
investing. Today, the firm continues this tradition by offering
innovative investment choices in specialized asset classes such as hard
assets, emerging markets, and precious metals including gold. Van Eck
offers a broad array of Market Vectors ETFs spanning broad-based and
specialized asset classes, and is one of the largest providers of ETPs
in the U.S. and worldwide. The Firm has offices around the world and
managed approximately $25.4 billion in investor assets as of September
30, 2015.
Important Disclosures
Fund shares are not individually redeemable and will be issued and
redeemed at their “Net Asset Value” (NAV) only through certain
authorized broker-dealers in large, specified blocks of shares called
creation units and otherwise can be bought and sold only through
exchange trading. Creation units are issued and redeemed principally in
kind. Shares may trade at a premium or discount to their NAV in the
secondary market.
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 Fund carefully before
investing. To obtain a prospectus and summary prospectus, which contain
this and other information, call 888.MKT.VCTR or visit
marketvectorsetfs.com. Please read the prospectus
and summary
prospectus carefully before investing.
Van Eck Securities Corporation, Distributor
666 Third
Avenue, New York, NY 10017
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