Sign In  |  Register  |  About Burlingame  |  Contact Us

Burlingame, CA
September 01, 2020 10:18am
7-Day Forecast | Traffic
  • Search Hotels in Burlingame

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

XShares Advisors LLC Announces Dividend Payments and Capital Gains on HealthShares Exchange-Traded Funds

XShares Advisors LLC, an industry leader in developing innovative exchange traded products, today announced the distribution declarations for its HealthShares Exchange-Traded Funds (ETFs) (the "Funds"). For all dividend payments, the ex-dividend payment date is December 19, 2008, payable December 31, to holders of record on December 23. The following table includes a list of the distributions:

FUND NAME

Ticker Symbol

Net Investment IncomeShort-term Capital GainsLong-term Capital GainsTotal Distribution
HealthShares™ Diagnostics Exchange-Traded Fund

HHD

$0.00 $0.00 $0.00 $0.00
HealthShares™ Cancer Exchange-Traded Fund

HHK

$0.733357 $0.507388 $0.433731 $1.674476
HealthShares™ European Drugs Exchange-Traded Fund

HRJ

$0.00 $0.00 $0.00 $0.00
HealthShares™ Drug Discovery Tools Exchange-Traded Fund (formerly HealthShares™ Enabling Technologies Fund)

HHV

$0.00 $0.00 $0.00 $0.00

As announced on November 26, 2008, the last day of trading on NYSE Arca for [units of beneficial interest] in the Funds ("Shares") and the last day on which creation unit aggregations of the Shares may be purchased or redeemed of the Funds was December 23, 2008.

NYSE Arca will halt trading in the Shares of the Funds before the open of trading on December 24, 2008, and the Funds will be closed to new investment on that date. Shareholders may sell their Shares on or prior to December 23, 2008. From December 24, 2008 through December 31, 2008, shareholders may be able to sell their Shares to certain broker-dealers who may determine to continue to purchase such Shares, but there can be no assurance that any broker-dealer will be willing to purchase such Shares or that there will be a market for the Shares of the Funds. All sales of Shares to a broker-dealer, whether before or after December 23, 2008, will be subject to typical transaction fees and charges. All shareholders remaining on December 31, 2008 will receive cash equal to the amount of the net asset value of their Shares as of December 31, 2008, which will include any capital gains and dividends, into the cash portion of their brokerage accounts. Fund shareholders remaining on December 31, 2008 will not incur transaction fees to sell their Shares. Other costs of closing the Funds will be borne by XShares.

For additional information about the liquidation, shareholders of the Funds may call XShares at 1-800-925-2870.

Before investing in an ETF, carefully consider the investment objectives, risks, charges and expenses. For a prospectus containing this and other important information, contact a Client Services representative at 800-669-3900. The prospectus should be read carefully before investing.

About XShares Advisors LLC

XShares Advisors LLC, a registered investment advisor, sponsors and develops innovative exchange traded products (ETPs). XShares Advisors partners with major institutions and index providers to create and license distinctive intellectual property for its ETPs. For more information, visit the company’s website at: www.xsharesadvisors.com.

ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance. ETFs may entail market, sector, and industry risks similar to direct stock ownership, and trading prices may not reflect the actual net asset value of the underlying securities.

HealthShares ETFs face additional risks attributable to their investments in small- and medium-capitalization companies which are subject to higher volatility than larger, more established companies. In addition, they are invested in a limited number of securities and a decline in the value of these investments would cause the fund’s overall value to decline to a greater degree than in a less concentrated portfolio. HealthShares are subject to additional risks associated with the healthcare and biotechnology sector (i.e., government regulation, patent regulation, etc.). Certain HealthShares ETFs invest in foreign securities that will be subject to certain risks not associated with domestic securities, such as currency fluctuations and changes in political and economic conditions.

XShares Advisors LLC and ALPS Distributors, Inc. are unaffiliated entities.

Distributed by ALPS Distributors, Inc.

HSI 585 Exp. 5/31/09

Contacts:

Makovsky + Co.
John McInerney, 212-580-9628
jmcinerney@makovsky.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 Burlingame.com & California Media Partners, LLC. All rights reserved.