Welcome to our dedicated page for Nationwide Dow Jones Risk-Managed Income ETF news (Ticker: NDJI), a resource for investors and traders seeking the latest updates and insights on Nationwide Dow Jones Risk-Managed Income ETF stock.
Nationwide Dow Jones Risk-Managed Income ETF (NDJI) is a distinctive financial product developed by Nationwide, a renowned Fortune 100 company based in Columbus, Ohio. The ETF is designed to provide investors with a strategic approach to risk management while generating income. NDJI leverages the Dow Jones Industrial Average as its benchmark, incorporating a risk-managed overlay to optimize returns and mitigate potential losses.
However, in a recent significant development, Nationwide announced the closure and liquidation of NDJI along with its sibling ETFs, Nationwide S&P 500® Risk-Managed Income ETF (NSPI) and Nationwide Russell 2000® Risk-Managed Income ETF (NTKI). This decision, effective after the close of business on February 23, 2024, was made after evaluating the long-term growth prospects of the funds. The funds will cease trading on February 22, 2024, and begin liquidating their portfolio assets around February 15, 2024. Shareholders will receive the remaining proceeds from the liquidation based on the fund’s net asset value (NAV) after operations conclude.
The closure underscores Nationwide's commitment to strategic decision-making and adapting to market dynamics. Shareholders are advised to consult their tax advisors regarding the tax implications of the liquidation. Nationwide continues to be a leader in the financial services sector, offering a wide range of products including insurance, retirement plans, annuities, and more.
For more information and updates, shareholders can reach out to Nationwide's support or refer to their official website.
FAQ
What is Nationwide Dow Jones Risk-Managed Income ETF (NDJI)?
Why is NDJI being liquidated?
When is the last trading day for NDJI?
What happens to shareholders after liquidation?
When will NDJI begin liquidating its assets?
How does the liquidation affect NDJI's investment objectives?
Will there be any fees associated with selling NDJI shares?
Who should shareholders contact for tax advice related to the liquidation?
Is Nationwide still offering other financial products?
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