Xtrackers II IMPORTANT NOTICE TO THE SHAREHOLDERS
October 08 2019 - 4:00AM
UK Regulatory
TIDMXUIT
Xtrackers II
Investment Company with Variable Capital
Registered office: 49, avenue J.F. Kennedy, L-1855
Luxembourg
R.C.S. Luxembourg B-124.284
(the "Company")
IMPORTANT NOTICE TO THE SHAREHOLDERS OF:
Xtrackers II US Treasuries Inflation-Linked UCITS ETF
ISIN: LU0429459513
(the "Sub-Fund")
8 October 2019
This notice is to inform you on behalf of the board of directors
of the Company (the "Board of Directors") about recent developments
in respect of the Sub-Fund in which you hold Shares.
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.
The Board of Directors deems it appropriate to terminate the
Sub-Fund because it is below the Minimum Net Asset Value as set out
in the Prospectus and has demonstrated persistently low levels of
demand with the Net Asset Value of the Sub-Fund consistently
remaining too low for the Sub-Fund to be operated in an
economically efficient manner. The termination of Sub-Funds that
have demonstrated sustained low levels of demand is an ordinary
part of the business, along with the launch of new Sub-Funds and/or
Share Classes where high levels of demand exist. Consequently, the
Board of Directors has resolved to terminate the Sub-Fund with
effect from 15 November 2019 (the "Termination Date") and to
proceed with the compulsory redemption of all outstanding Shares of
the Sub-Fund in accordance with the applicable provisions of the
Articles of Incorporation and the Prospectus (the "Terminations").
The last Net Asset Value of the Sub-Fund will be calculated as of
15 November 2019.
Trading on all relevant stock exchanges will cease with effect
from close of trading on 8 November 2019 (the "Last Trading Day").
Therefore, sale or purchase of Shares in the Sub-Fund in the
secondary market may only be made until close of trading on the
relevant stock exchange on the Last Trading Day. For the avoidance
of doubt the secondary market includes both trades on the relevant
stock exchanges and any over-the-counter trades.
Requests for subscription or redemption for Shares in the
Sub-Fund in the primary market, where applicable, may be made in
the usual manner for processing in accordance with the Prospectus
until the applicable Cut-off Time on 11 November 2019. However, the
liquidation costs (if any) will be taken into account in the
Redemption Price. After the applicable Cut-off Time on 11 November
2019, no further redemptions and subscriptions will be
accepted.
Please see below for a summary of the information above:
Share Class ETF name ISIN Stock Exchange(s) from which the Sub-Fund is to be de-listed Last Trading Day on Stock Exchange(s) from which the Sub-Fund is to be de-listed Applicable Cut-off Time and Date for primary market orders Termination Date
1D Xtrackers II US Treasuries Inflation-Linked UCITS ETF LU0429459513 London Stock Exchange 8 November 2019 5.00 p.m. Luxembourg time on 11 November 2019 15 November 2019
XETRA
The following terms and conditions of the compulsory redemption
have been determined in accordance with article 21 of the Articles
of Incorporation and shall apply as of the Termination Date:
1. The Sub-Fund shall be liquidated and the Redemption Price of
the Sub-Fund will be determined by reference to its Net Asset Value
as of the Termination Date (the "Reference NAV"). The Reference NAV
will take into account, amongst other expenses, all costs resulting
from the anticipated realisation and liquidation of the remaining
investments of the Sub-Fund;
2. No Redemption Charges will be applied;
3. The Redemption Proceeds will be paid in the relevant
Reference Currency to the clearing agent;
4. The payment of the Redemption Proceeds to the registered
Shareholders and the clearing agents, resulting from the compulsory
redemption, will take place at the latest 10 Luxembourg Business
Days after the Termination Date (the "Payment Date"). It should be
noted that payment of the Redemption Proceeds to Shareholders who
hold Shares via intermediaries may take longer than 10 Luxembourg
Business Days;
5. The Redemption Proceeds relating to Shares for which payment
to Shareholders could not be made, will be deposited with the
Caisse de Consignation in Luxembourg on behalf of the persons
entitled thereto as soon as possible after the Payment Date and in
any event before the closure of the liquidation procedure.
Shareholders who subscribe or redeem Shares in the Sub-Fund on
the primary market, where applicable, are entitled to redeem their
Shares in the Sub-Fund in accordance with the Prospectus as
indicated above. Please note that the Company does not charge any
redemption fee for the sale of Shares in the secondary market.
Orders to sell Shares through a stock exchange can be placed via an
authorised intermediary or stockbroker. However, Shareholders
should note that orders in the secondary market may incur costs
over which the Company has no control and to which the above
disapplication of the Redemption Charges does not apply.
Further information in relation to the Terminations 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
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.
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 II
The Board of Directors
Contact information
Xtrackers II
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/20191008005067/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
October 08, 2019 04:00 ET (08:00 GMT)
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