WisdomTree Issuer PLC Statement Re Wisdomtree At1 Coco Bond Ucits Etf
27 März 2020 - 3:35PM
UK Regulatory
TIDMHEDJ
NOTICE TO SHAREHOLDERS OF WISDOMTREE ISSUER PLC
This notice is important and requires your immediate attention. If you
are in any doubt about its content, please consult your stockbroker,
bank manager, solicitor, accountant or other financial adviser. If you
have sold or transferred all your shares in WisdomTree Issuer plc please
forward this document to the purchaser or transferee, or to the
stockbroker, bank manager or other agent through whom the sale or
transfer was effected.
27 March 2020
Dear Shareholder,
We are writing to you in your capacity as a shareholder of the
WisdomTree AT1 CoCo Bond UCITS ETF (the "Sub-Fund"), a sub-fund of
WisdomTree Issuer plc (the "Company").
The Sub-Fund seeks to track the price and yield performance, before fees
and expenses, of the iBoxx Contingent Convertible Liquid Developed
Europe AT1 Index (the "Index").
The Supplement anticipates that (a) the Index will be rebalanced on a
monthly basis and (b) the weight of an issuer in the Index will be
capped at 7.5% of the market value of the Index at each rebalancing
date.
We are writing to inform you that, in light of recent extreme market
volatility, Markit Indices Limited (the "Index Sponsor") has determined
to cancel the scheduled March rebalance of its indices, including the
Index. As at the date of this notice, three index constituents, UBS,
HSBC and Credit Suisse, exceed the 7.5% cap with weightings of 8.07% and
7.80% and 7.67%, respectively. It is expected that this will be
addressed at the next index rebalance on 30 April 2020.
Notwithstanding the above, please note that the composition of the Index
is sufficiently diversified to comply with the investment restrictions
and diversification provisions applicable to the Company pursuant to the
European Communities (Undertakings for Collective Investment in
Transferable Securities) Regulations 2011, as amended.
Should you have any questions in relation to the above, please do not
hesitate to contact WisdomTree UK Limited at infoeu@wisdomtree.com.
Yours sincerely,
For and on behalf of
WisdomTree Issuer plc
(END) Dow Jones Newswires
March 27, 2020 10:35 ET (14:35 GMT)
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