Last checked at 25 Oct 2023 11:19
Xtrackers
Investment Company with Variable Capital
Registered office: 49, avenue J.F. Kennedy, L-1855 Luxembourg,
R.C.S. Luxembourg B-119.899
(the “Company”)
Important Notice to Shareholders of
Xtrackers S&P Select Frontier Swap UCITS ETF (ISIN: LU0328476410)
(the “Sub-Fund”)
25 October 2023
The board of directors of the Company (the "Board of Directors") hereby informs the shareholders of the Sub-Fund (the "Shareholders") that S&P Dow Jones Indices LLC in its capacity as index administrator (the “Index Administrator” or “S&P DJI”), have announced the below information in relation to the S&P Select Frontier Index (the “Reference Index” of the Sub-Fund).
We refer to the following announcement 1466402_sp-extended-frontier-150-sp-select-frontier-update-9-15-2023.pdf (spglobal.com).
“As a result of market liquidity issues in the foreign exchange market and significant delays in capital repatriation for stocks listed in Nigeria, S&P DJI has decided to remove Nigeria-domiciled constituents from the S&P Select Frontier and S&P Extended Frontier 150 Indices.
The constituents will be removed at a zero-price, given the distortion between the parallel and official exchange rates for the Naira and to facilitate index replicability.
This change will become effective prior to the market open on Wednesday, November 1, 2023, in conjunction with the semi-annual review of the indices.”
Shareholders should be aware that this may have an impact on the value of the Reference Index, the net asset value and/or the secondary market trading prices of the Shares of the Sub-Fund. As of 25 October 2023, the Nigeria-domiciled constituents represent a combined weight of 4.77% of the Reference Index.
Capitalised terms used in this notice shall have the same meaning ascribed to them in the latest version of the prospectus of the Company (the “Prospectus”) unless the context otherwise requires.
Shareholders who have any queries or to whom any of the above is not clear should seek advice from their stockbroker, bank manager, legal advisor, accountant or other independent financial advisor. Shareholders should also consult their own professional advisors as to the specific tax implications under the laws of the countries of their nationality, residence, domicile or incorporation.
Further information may be obtained from the legal entities mentioned under Contact information below, the offices of foreign representatives or by sending an email to Xtrackers@dws.com.
Neither the contents of the Company’s website nor the contents of any other website accessible from hyperlinks on the Company’s website is incorporated into, or forms part of, this announcement.
Xtrackers
The Board of Directors
Contact information
Xtrackers
49, avenue J.F. Kennedy, L-1855 Luxembourg, Grand Duchy of Luxembourg
DWS Investment S.A.
2, boulevard Konrad Adenauer, L-1115 Luxembourg, Grand Duchy of Luxembourg
View source version on businesswire.com: https://www.businesswire.com/news/home/20231025811688/en/
Copyright Business Wire 2023