VanEck Announces Change to ETF Product Line
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 06 2024
0mins
Source: Newsfilter
VanEck ETF Liquidation Announcement: VanEck has decided to close and liquidate the VanEck Dynamic High Income ETF (INC) due to an analysis of performance, liquidity, and investor interest. Shareholders can sell their shares until October 8, 2024, with liquidation expected around October 15, 2024.
Shareholder Implications: After the liquidation, shareholders will receive cash distributions equal to the net asset value of their shares, and they may also receive final distributions of income and capital gains. Tax implications will be provided in year-end tax reporting.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
