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VanEck has announced the closure and liquidation of its VanEck Dynamic High Income ETF (INC) on the NYSE Arca exchange. The decision was made after evaluating factors such as performance, liquidity, assets under management, and investor interest. Key dates include:
- October 8, 2024: Last day for shareholders to sell shares on the exchange
- October 15, 2024 (approx.): Liquidation date and distribution of cash to remaining shareholders
Shareholders may sell their shares until market close on October 8, 2024, or hold until liquidation to receive cash equal to the net asset value. The Fund will stop accepting creation orders from Authorized Participants on October 8, 2024. Tax implications and potential final distributions are also outlined in the announcement.
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