FlexShares Announces Liquidation of an Exchange Traded Fund
Upon the close of business on or about July 7, 2023, the Fund will discontinue accepting orders for the purchase of creation units. Trading of the Fund’s shares will be suspended prior to the open of regular trading (i.e., 9:30 a.m., Eastern time) on the NYSE Arca on July 12, 2023. Accordingly, the final date of trading of the Fund’s shares on the NYSE Arca will be July 11, 2023. Shareholders may sell their shares on or before the Close of Trading on July 11, 2023, and may incur customary brokerage charges associated with such sales.
Shareholders who do not sell their shares on or before the Close of Trading on July 11, 2023, will receive cash equal to the amount of the net asset value of their shares calculated as of the close of business on the Closing Date. Proceeds of the liquidation are currently expected to be sent to shareholders on or about July 18, 2023. Those shareholders remaining in the Fund on the Closing Date will not be charged any transaction fees by the Fund, but the net asset value of the Fund on the Closing Date will reflect trading costs associated with the sale of portfolio securities of the Fund.
If Fund shareholders sell their shares or receive a liquidating distribution, it is generally considered a taxable event and they should consult their tax advisor about the potential tax consequences.
About FlexShares
FlexShares Exchange Traded Funds are designed to pursue specific investment goals across both passive and active strategies. FlexShares offers differentiated ETF strategies that can improve and simplify the investment decision process for the long-term investor. Visit us on FlexShares.com.
About Northern Trust Asset Management
Northern Trust Asset Management is a global investment manager that helps investors navigate changing market environments in efforts to realize their long-term objectives. Entrusted with
Northern Trust Asset Management is composed of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Fund Managers (
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in
Northern Trust Corporation, Head Office: 50 South La Salle Street,
Before investing, carefully consider the FlexShares investment objectives, risks, charges and expenses. This and other information is in the prospectus and a summary prospectus, copies of which may be obtained by visiting www.flexshares.com. Read the prospectus carefully before you invest.
Foreside Fund Services, LLC, distributor. FlexShares and Foreside are not related.
An investment in FlexShares is subject to numerous risks, including possible loss of principal. Fund returns may not match the return of the respective indexes. A full description of risks is in the prospectus. They do not typically grow at an even rate of return and may experience negative growth. As with any type of portfolio structuring, attempting to reduce risk and increase return could, at certain times, unintentionally reduce returns. An ESG investment methodology that includes and excludes issuers and assigns weights to issuers by applying non-financial factors, such as ESG factors, such ESG investment methodology may underperform the broader equity market or other investment products that do or do not use ESG investment criteria.
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Doug Holt
312-662-8315
Doug.Holt@ntrs.com
Source: Northern Trust Corporation