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, 2016 | Payable Date: January 4, 2017 |
Municipal Bond ETFs | Ticker | Estimated | Estimated | Estimated | ||||
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 ETFs | Ticker | Estimated | Estimated | Estimated | ||||
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 ETFs | Ticker | Estimated | Estimated | Estimated | ||||
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
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