FlexShares Announces Liquidation Of An Exchange Traded Fund Upon The Close Of Business On Or About April 19, 2024
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Northern Trust's FlexShares Exchange Traded Funds announced the liquidation of the FlexShares ESG & Climate Emerging Markets Core Index Fund (FEEM), set to occur around April 19, 2024. The fund will stop accepting orders for creation units on this date, and its final trading day on the NYSE Arca will be April 23, 2024. Shareholders must sell their shares by this date or receive cash equal to their shares' net asset value on the closing date, expected to be distributed by April 30, 2024. This event may be considered a taxable event for shareholders.
April 05, 2024 | 1:03 pm
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FlexShares ESG & Climate Emerging Markets Core Index Fund (FEEM) is set for liquidation by April 19, 2024, with the final trading day on April 23, 2024. Shareholders have until this date to sell their shares or they will receive cash based on the NAV.
The liquidation of FEEM is a significant event directly impacting its shareholders. The cessation of trading and the process of liquidation typically lead to a decrease in the fund's value, as it will no longer be actively managed or traded. Shareholders need to decide whether to sell their shares before the final trading day or accept the liquidation proceeds, which could have tax implications. This event directly affects the asset's value and shareholder decisions.
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