VanEck Announces Preliminary Year-End Distribution Estimates for VanEck Vectors Income ETFs

VanEck announced today preliminary year-end distribution estimates for its VanEck VectorsTM income exchange-traded funds.

Please note that these year-end estimates were made as of October 31, 2016 based upon the best information available and may be subject to significant change based on a number of factors, including but not limited to changes in the number of shares outstanding, changes in income that may occur prior to record date, and certain tax adjustments and reclassifications. These factors may also result in some VanEck Vectors ETFs which currently show no estimated dividends or capital gain distributions making a distribution at year-end. VanEck strongly urges shareholders to consult with their tax adviser regarding the tax consequences of these dividends and distributions. You should not make investment decisions based on this information.

Ex-Date: December 28, 2016

Record Date: December 30, 2016Payable Date: January 4, 2017
Municipal Bond ETFsTicker

Estimated
Dividend

Estimated
Short-Term
Capital Gain

Estimated
Long-Term
Capital Gain

VanEck Vectors AMT-Free Intermediate Municipal Index ETF ITM * None None
VanEck Vectors AMT-Free Long Municipal Index ETF MLN * None None
VanEck Vectors AMT-Free Short Municipal Index ETF SMB * None None
VanEck Vectors AMT-Free 6-8 Year Intermediate Municipal Index ETF ITMS * None None
VanEck Vectors AMT-Free 12-17 Year Intermediate Municipal Index ETF ITML * None None
Municipal Bond ETFsTicker

Estimated
Dividend

Estimated
Short-Term
Capital Gain

Estimated
Long-Term
Capital Gain

VanEck Vectors High-Yield Municipal Index ETF HYD * None None
VanEck Vectors CEF Municipal Income ETF XMPT * None None
VanEck Vectors Pre-Refunded Municipal Index ETF PRB * None None
VanEck Vectors Short High-Yield Municipal Index ETF SHYD * None None
Income ETFsTicker

Estimated
Dividend

Estimated
Short-Term
Capital Gain

Estimated
Long-Term
Capital Gain

VanEck Vectors BDC Income ETF BIZD ** None None
VanEck Vectors ChinaAMC China Bond ETF CBON * None None
VanEck Vectors Emerging Markets Aggregate Bond ETF EMAG * None None
VanEck Vectors Emerging Markets High Yield Bond ETF HYEM * None None
VanEck Vectors EM Investment Grade + BB USD Sovereign Bond ETF IGEM * None None
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF EMLC * None None
VanEck Vectors Fallen Angel High Yield Bond ETF ANGL * $0.110 $0.010
VanEck Vectors International High Yield Bond ETF IHY * None None
VanEck Vectors Investment Grade Floating Rate ETF FLTR * None None
VanEck Vectors Mortgage REIT Income ETF MORT ** None None
VanEck Vectors Preferred Securities ex Financials ETF PFXF * None None
VanEck Vectors Treasury-Hedged High Yield Bond ETF THHY * None None

* The ETF pays a monthly scheduled dividend; therefore, no estimate is provided.
**The ETF pays a quarterly scheduled dividend; therefore, no estimate is provided.

About VanEck

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 active and passive investment portfolios in hard assets, emerging markets equity and debt, precious metals, fixed income, and other alternative asset classes. VanEck 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 October 31, 2016, VanEck managed approximately $39.9 billion in assets, including mutual funds, ETFs, and institutional accounts.

Important Disclosures

IRS Circular 230 disclosure: VanEck 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 VanEck Vectors ETFs should obtain their own independent tax advice based on their particular circumstances.

All registered investment companies, including VanEck Vectors ETFs, are obliged to distribute portfolio gains to shareholders at year-end regardless of performance. Trading VanEck Vectors ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer. There is no guarantee that dividends will be paid.

To receive a distribution, you must have been a registered shareholder of the relevant VanEck Vectors ETFs on the record date. Distributions are paid to shareholders on the payment date. Past distribution are not indicative of future distributions.

Fund shares are not individually redeemable and will be issued and redeemed at their Net Asset Value (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. Past performance is no guarantee of future results. Returns for actual Fund investments may differ from what is shown because of differences in timing, the amount invested, and fees and expenses.

Investing involves substantial risk and high volatility, including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise. An investor should consider the investment objective, risks, charges and expenses of a Fund carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.

Van Eck Securities Corporation, Distributor
666 Third Avenue
New York, NY 10017
800.826.2333

Contacts:

Media:
MacMillan Communications
Mike MacMillan/Chris Sullivan
212-473-4442
chris@macmillancom.com

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