Last checked at 9 Jan 2020 13:54
WisdomTree Commodity Securities Limited
LEI: 21380068Q1JSIAN4FO63
9 January 2020
Rebalancing of Index Securities
The annual rebalancing of the Bloomberg Commodity Index and Bloomberg Commodity Index 3 Month Forward will commence this week. Consequently, each of the twenty-eight categories of Index Securities (comprising eighteen categories of Classic Index Securities and ten categories of Longer Dated Index Securities) as set out in the Prospectus of WisdomTree Commodity Securities Limited (the "Issuer") dated 29 May 2019 will also be rebalanced. As explained in the Prospectus, this will be done by adjusting the number of Micro Securities comprised in each Index Security.
The rebalancing itself will not change the value of any Index Security and no action is required on the part of Security Holders. The rebalancing does not affect the fifty classes of Individual Securities (comprising twenty-seven classes of Classic Individual Securities and twenty-three classes of Longer Dated Individual Securities).
The timetable for the rebalancing of the Index Securities is as follows:
Wednesday 8 January 2020
The target number of Micro Securities to be increased/decreased for each commodity in each Index Security has been determined using Tuesday 7 January 2020's settlement prices.
Thursday 9 January 2020, Friday 10 January 2020, Monday 13 January 2020, Tuesday 14 January 2020
At the beginning of each of these days, the number of Micro Securities will be adjusted, based on the targeted changes and the actual previous day's closing prices, and the updated number of Micro Securities for each class of Index Security in issue will be available prior to trading commencing on the Issuer's website at:
https://www.wisdomtree.eu/en-gb/pricing/etfs-commodity-securities-limited-classic
and
https://www.wisdomtree.eu/en-gb/pricing/etffs-commodity-securities-limited-longer-dated
Wednesday 15 January 2020
The final number of Micro Securities in each Index Security following the rebalancing will be announced prior to the opening of trading. (Note, however, if there is a Market Disruption Event for a commodity on Tuesday, 14 January 2020 then the final number of Micro Securities for any Index Security containing that commodity will not be determined until the next Business Day which is not a Market Disruption Day).
The table below shows (i) the existing weighting of each commodity for the Classic Securities and the Longer Dated Securities, as measured by the effective weight at current commodity prices in the WisdomTree Broad Commodities Index Security (for the Classic Securities) or the WisdomTree Broad Commodities Longer Dated Index Security (for the Longer Dated Securities), and (ii) the targeted new weighting of each commodity for the Classic Securities and the Longer Dated Securities, based on the Commodity Index Percentage to be used in the rebalancing of Bloomberg Commodity Index (Classic Securities) or Bloomberg Commodity Index 3 Month Forward (Longer Dated Securities).
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AIGA/14378410.html
For further information, please contact
Ciaran Hocking
R&H Fund Services (Jersey) Limited
Tel: +44 (0) 1534 825200
Fax: +44 (0) 1534 825335
E-mail address: ciaran.hocking@rhfsl.com