VanEck Announces March 2016 Distribution for Market Vectors Pharmaceutical ETF
March 31 2016 - 5:45PM
Business Wire
VanEck announced today its regular distribution per share for
its Market Vectors Pharmaceutical ETF.
The following dates apply to today’s distribution
declaration:
Ex-Date
Record
Date
Payable
Date
April 1, 2016 April 5, 2016 April 7,
2016 Expected
Distribution Distribution Amount Fund
Ticker Frequency
Per Share Market Vectors Pharmaceutical ETF
PPH
Quarterly $0.6270
The majority, and possibly all, of the dividend distributions
will be paid out of net investment income earned by the Funds. A
portion of these distributions may come from net short-term or
long-term realized capital gains or return of capital.
The final tax treatment of these dividends will be reported to
shareholders on their 1099-DIV form, which is mailed after the
close of each fiscal year. The amount of dividends paid by each ETF
may vary from time to time. Past amounts of dividends are no
guarantee of future dividend payment amounts.
IRS Circular 230 disclosure: Van Eck does not provide legal, tax
or accounting advice. Any statement contained in this communication
concerning U.S. tax matters is not intended or written to be used,
and cannot be used, for the purpose of avoiding penalties imposed
on the relevant taxpayer. Shareholders or potential shareholders of
the Market Vectors ETFs should obtain their own independent tax
advice based on their particular circumstances.
If you have any questions concerning this information or the
Market Vectors ETFs in general, please call 800.826.2333 between
9:00 a.m. and 5:30 p.m., Monday through Friday.
About VanEck ETFs
VanEck’s mission is to offer intelligently designed investment
strategies that take advantage of targeted market opportunities.
Founded in 1955, the firm is a pioneer in global investing with a
history of placing clients’ interests first in all market
environments. Today, VanEck continues this tradition by offering
innovative active and passive investment portfolios in hard assets,
emerging markets equity and debt, precious metals, fixed income,
and other alternative asset classes. Market Vectors exchange-traded
products are one of the largest ETP families in the world, managing
more than 70 funds that span a range of sectors, asset classes, and
geographies. As of February 29, 2016, VanEck managed approximately
$27.3 billion in assets, including mutual funds, ETFs, and
institutional accounts.
Please call 800.826.2333 or visit our website for the most
recent month-end performance of Market Vectors ETFs. This
information will be available no later than seven business days
after the most recent month end.
The principal risks of investing in Market Vectors Equity ETFs
include sector, market, economic, political, foreign currency,
world event, index tracking and non-diversification risks, as well
as fluctuations in net asset value and the risks associated with
investing in less developed capital markets. The Funds may loan
their securities, which may subject them to additional credit and
counterparty risk. Please see the Prospectus and Summary
Prospectus of the Fund for more complete information regarding its
specific risks.
The “net asset value” (NAV) of an ETF is determined at the close
of each business day, and represents the dollar value of one share
of the ETF; it is calculated by taking the total assets of an ETF
subtracting total liabilities, and dividing by the total number of
shares outstanding. The NAV is not necessarily the same as an ETF's
intraday trading value. Investors should not expect to buy or sell
shares at NAV. Total returns are based upon closing “market price”
(price) of the ETF on the dates listed.
Fund shares are not individually redeemable and will be issued
and redeemed at their NAV only through certain authorized
broker-dealers in large, specified blocks of shares called
“creation units” and otherwise can be bought and sold only through
exchange trading. Creation units are issued and redeemed
principally in kind. Shares may trade at a premium or discount to
their NAV in the secondary market. You will incur brokerage
expenses when trading Fund shares in the secondary market.
Investors may call 800.826.2333 or visit
vaneck.com for a free prospectus and
summary prospectus. Investing involves risk,
including possible loss of principal. An investor should consider
the investment objective, risks, and charges and expenses of Market
Vectors ETFs carefully before investing. The prospectus and summary
prospectus contains this and other information. Please read the
prospectus and summary prospectus carefully before
investing.
Van Eck Securities Corporation, Distributor,
666 Third Avenue, New York, NY 10017
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