LYXOR ETF - Liquidation - Lyxor Core iBoxx $ Treasuries 3-5Y (DR) UCITS ETF (1027773)
22 April 2020 - 6:23PM
UK Regulatory
Lyxor International Asset Management (U35G )
LYXOR ETF - Liquidation - Lyxor Core iBoxx $ Treasuries 3-5Y (DR) UCITS ETF
22-Apr-2020 / 17:23 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
MULTI UNITS LUXEMBOURG
Société d'investissement à capital variable
Registered Office :
28-32 Place de la Gare L-1616 Luxembourg
RCS Luxembourg B 115 129
(the "Company")
_______________________________________________________________
NOTICE TO THE SHAREHOLDERS OF THE SUB-FUND Lyxor Core iBoxx $ Treasuries
3-5Y (DR) UCITS ETF
Terms not specifically defined herein shall have the same meaning as in the
Articles of Incorporation and in the latest Prospectus of the Company or any
supplement.
Luxembourg, April 8, 2020,
Dear Shareholder,
The board of directors of the Company (the "Board") considers that the value
of the net assets in the sub-fund Lyxor Core iBoxx $ Treasuries 3-5Y (DR)
UCITS ETF (the "Sub-Fund") has decreased to an amount determined by the
Board to be below the minimum level for the Sub-Fund to be operated in an
economically efficient manner.
Considering that the level of assets is not sufficient to carry out an
efficient replication of the Markit iBoxx
USD Treasuries 3-5 Mid Price TCA TRI Index and in accordance with article 34
of the Articles of Incorporation of the Company, the Board has decided to
liquidate the Sub-Fund as specified in the below:
ISIN Code Delisting on Primary Liquidation Final Net
the Market Day (Last NAV Asset Value
Secondary Suspension close of the Calculation
Market (close of below days) date
(close of the below
the below days)
days)
LU1407889887 22/04/2020 23/04/2020 29/04/2020 30/04/2020
Please note that any fees or costs incurred within the context of the
liquidation will be borne by the Sub-Fund.
Further, the Board has decided to suspend the Subscription and the
Redemption of Shares within the Sub-Fund as from April 23, 2020. Until such
date, the Shareholders may therefore continue to request the Redemption of
their Shares free of charge on the Primary Market in accordance with the
provisions of the Prospectus. For Shares sold on any exchange where the
Sub-Fund is listed, market intermediaries may charge broker fees, and taxes
may be levied if applicable.
The delisting of the Shares from all of the stock exchanges on which they
are listed will be effective as from April 22, 2020 (after the close of the
stock exchanges).
Finally, the Board has decided that all the remaining Shareholders will be
compulsory redeemed as of April 29, 2020 at the final Net Asset Value of
April 29,2020 calculated on April 30, 2020.
Any liquidation proceeds which cannot be distributed to Shareholders will be
deposited on their behalf with the Caisse de Consignation in Luxembourg.
This liquidation will be reflected in the Prospectus at the next
opportunity.
For any questions, do not hesitate to contact Lyxor Client Services at the
following contact details: Phone number +33 1 42 13 42 14 - Email address:
client-services-etf@lyxor.com.
Yours sincerely,
For the Board.
We would like to let the Shareholders know about the existence of the "MULTI
UNITS LUXEMBOURG - Lyxor Core iBoxx $ Treasuries 5-7Y (DR) UCITS ETF" (ISIN:
LU1407888996) as a potential alternative to their current investments.
The Sub-Fund "MULTI UNITS LUXEMBOURG - Lyxor Core iBoxx $ Treasuries 5-7Y
(DR) UCITS ETF" (ISIN: LU1407888996) will change its Benchmark Index and its
name in the near future. It will become the "MULTI UNITS LUXEMBOURG - Lyxor
Core US Treasury 3-7Y (DR) UCITS ETF" with the "Bloomberg Barclays US
Treasury 3-7 Year Index" as a new benchmark index. The aim of this change is
to provide the Shareholders with an exposure to the new benchmark index that
grant a broader exposure to its relevant underlying bond market.
Nevertheless, the characteristics of this sub-fund are different than the
Sub-Fund being liquidated, as a result the Shareholders should read
carefully the "Risk Profile" section of the sub-fund's prospectus and the
"Risk and Return Profile" section of its Key Information for Investors
Document (KIID) and get advice from their financial advisor in order to get
the most appropriate solution corresponding to their situation and
objectives.
For any questions, do not hesitate to contact Lyxor Client Services at the
following contact details: Phone number +33 1 42 13 42 14 - Email address:
client-services-etf@lyxor.com
ISIN: LU1237527673, LU1237527673
Category Code: MSCH
TIDM: U35G
Sequence No.: 59869
EQS News ID: 1027773
End of Announcement EQS News Service
(END) Dow Jones Newswires
April 22, 2020 12:23 ET (16:23 GMT)
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