Ziegler Exchange Traded Trust Announces Dividend and Its Board of Trustees Approves Liquidation of NYSE Arca Tech 100 ETF
24 Novembre 2008 - 12:00PM
PR Newswire (US)
CHICAGO, Nov. 24 /PRNewswire-FirstCall/ -- The Board of Trustees
for the Ziegler Exchange Traded Trust today approved the
liquidation of the NYSE Arca Tech 100 ETF (NYSE:NXT). The ETF,
which tracks the NYSE Arca Tech 100 Index, was launched on March
26, 2007. As of October 31, 2008, it had $3.6 million in assets.
The Board of Trustees determined that closing the ETF was in the
best interests of the ETF and its shareholders because the ETF has
not gathered sufficient assets to continue its business and
operations in an economically viable manner. "While we no longer
sponsor an ETF, we remain committed to our core asset management
business," explained Elizabeth A. Watkins, President of Ziegler
Capital Management, LLC, the ETF's investment advisor. December 15,
2008 will be the last day shares of the Fund are listed and traded
on NYSE Arca, and the last day on which creation unit aggregations
of Fund shares may be purchased or redeemed. The NYSE Arca will
halt trading in the Fund before the open of trading on December 16,
2008. From December 16, 2008 until December 25, 2008, the Fund will
be in the process of closing down and liquidating its portfolio.
The Fund will begin distributing its assets for payment to
shareholders on or about December 26, 2008. DIVIDEND DECLARATION
The Board of Trustees of the Ziegler Exchange Traded Trust also
announced today that the ETF will pay a dividend of $0.09 from net
investment income. The dividend will be paid on Friday, December
19, 2008, to shareholders of record at the close of business on
December 17, 2008. The ex-dividend date is Monday, December 15,
2008. For more information on the NYSE Arca Tech 100 ETF, please
visit: http://www.nxt100.com/ or call 1-888-832-3863. About Ziegler
Capital Management, LLC Ziegler Capital Management, LLC (ZCM)
serves as investment advisor to Ziegler Exchange Traded Trust. The
NYSE Arca Tech 100 ETF is a designated series of Ziegler Exchange
Traded Trust, an open-end investment company. ZCM is a wholly-owned
subsidiary of The Ziegler Companies, Inc. (Pink Sheets: ZGCO), a
growth-oriented investment banking and investment services
boutique. Ziegler Capital Management currently manages
approximately $3.1 billion in fixed-income and equity assets,
including $700 million in mutual fund investments, through its fund
family, North Track Funds. B.C. Ziegler and Company distributor.
Member FINRA/SIPC. Prospective purchasers of the NYSE Arca Tech 100
ETF should consider the investment objectives, risks, charges and
expenses carefully before investing. This and other important
information regarding the ETF can be found in the Prospectus and
Product Description, which can be obtained by calling 888.798.TECH
(8324), or visiting http://www.nxt100.com/. Please read these
documents carefully before investing. Investing involves risk and
may result in the loss of principal. Sector investing, especially
within the technology sector, is subject to concentrated portfolio
risks and non-diversification risks, which may result in daily
price fluctuations that are more extreme than those of the overall
stock market. Diversification does not ensure a profit or guarantee
against a loss. NYSE Arca Tech 100(SM) is a service mark of the
NYSE Group, Inc. ("NYSE") and NYSE Arca, Inc. and has been licensed
for use by Ziegler Exchange Traded Trust. Neither the Trust nor the
Fund are endorsed or sold by NYSE or its affiliates. NYSE does not
make any representation or warranty regarding the Trust or the Fund
or the ability of the NYSE Arca Tech 100(SM) Index to track general
stock market performance. DATASOURCE: Ziegler Capital Management,
LLC CONTACT: Elizabeth A. Watkins, +1-312-263-0110, ext. 1627, Web
site: http://www.ziegler.com/
Copyright
Nysearcatech100 (NYSE:NXT)
Graphique Historique de l'Action
De Août 2024 à Sept 2024
Nysearcatech100 (NYSE:NXT)
Graphique Historique de l'Action
De Sept 2023 à Sept 2024
Real-Time news about Nysearcatech100 (New York Stock Exchange): 0 recent articles
Plus d'articles sur Nysearcatech100