NEW YORK, Aug. 19, 2016 (GLOBE NEWSWIRE) -- Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today announced that it will close and liquidate Guggenheim Emerging Markets Real Estate ETF (NYSE Arca:EMRE).
In August 2016, the Board of Trustees of Claymore Exchange-Traded Fund Trust 2 (the “Trust”) approved the closing and subsequent liquidation of EMRE.
Tuesday, September 20, 2016, will be the last day of trading on the NYSE Arca, Inc., for EMRE (“the Fund”), which has $2 million in assets, or less than 0.0007% of Guggenheim Investments’ total $29 billion in exchange-traded assets.
“Guggenheim Investments remains committed to the U.S. ETP business,” said William Belden, Managing Director and Head of ETF Business Development. “As a leader in the market, we are dedicated to providing high-quality investment solutions for our clients.”
Guggenheim Investments is the eighth largest U.S. exchange traded product (ETP) provider with more than $29 billion in exchange-traded assets1, and following the liquidation, will continue to offer a diverse ETP line-up of 76 products.
The final date for creation and redemption activity for the fund will be Thursday, September 15, 2016 and the last day of trading will be Tuesday, September 20, 2016. The fund will be suspended from trading on the NYSE Arca prior to the open of trading on Wednesday, September 21, 2016.
Following the close of trading on September 20, 2016, shareholders will not be able to purchase or redeem shares from the fund or purchase or sell the fund in the secondary market.
If no action is taken by a shareholder of the fund prior to the liquidation date, the fund will distribute to such shareholder, on or promptly after the liquidation date, a cash distribution equal to the September 23, 2016 net asset value of the shareholder’s fund shares. Proceeds will be distributed as of the close of business on September 26, 2016.
For more information, please visit http://www.guggenheiminvestments.com/etf or call 888.WHY.ETFs to speak to a representative.
About Guggenheim Investments
Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, with $202 billion2 in assets across fixed income, equity, and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our 275+ investment professionals perform rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification and attractive long-term results.
