Boston, June 12, 2024–(BUSINESS WIRE)–Natixis Investment Managers, LLC (NatixisIM) announced today that it will liquidate and close the Natixis Vaughan Nelson Mid-Cap ETF (NYSE: VNMC). The decision was made by the Board of Directors of Natixis ETF Trust II, upon the recommendation of the fund’s advisor, Natixis Advisors, LLC.
The liquidation proceeds are currently expected to be remitted to the Fund’s shareholders on or about July 30, 2024 (the Liquidation Date). The Fund will no longer accept orders to purchase Creation Units effective the close of business on July 25, 2024. The Fund is expected to cease trading on NYSE Arca after the market closes on July 25, 2024 and will thereafter be delisted.
In connection with a liquidation, any Fund shares outstanding on the Liquidation Date will be automatically terminated and canceled on the Liquidation Date. Shareholders who remain in the Fund through the Liquidation Date after payment of the Fund’s obligations (or setting aside for later payment) will receive a liquidation distribution based on the current net asset value of the Fund’s shares they hold at that time. The Fund may or may not pay one or more dividends or other distributions on the Liquidation Date prior to or concurrently with the liquidation payment, depending on the circumstances.
Fund shareholders may sell Fund shares on the NYSE Arca until the market closes on July 25, 2024 and may incur customary transaction fees from their broker-dealers in connection with such sales. Between the market close on July 25, 2024 and the Liquidation Date, it is expected that there will be no market for the purchase or sale of Fund shares. Between the market close on July 25, 2024 and the Liquidation Date, the Fund is in the process of closing down and liquidating its portfolio. This process will result in the Fund’s cash holdings increasing and, as a result, it will no longer be pursuing its investment objective.
For more information, Fund shareholders may call 1-800-458-7452.
Liquidation of the fund:
|
Fund Name |
Ticker |
exchange |
|
Natixis Vaughan Nelson Midcap ETF |
Vietnam |
NYSE Arca Inc. |
Before investing, consider the fund’s investment objectives, risks, charges and expenses. https://www.im.natixis.com/en-us/products/exchange-traded-funds You should obtain a prospectus or summary prospectus which contains this and other information and should be read carefully.
ALPS Distributors, Inc. is the distributor of the Natixis Vaughan Nelson Mid Cap ETF. Natixis Distribution, LLC is the marketing agent. ALPS Distributors, Inc. is not affiliated with Natixis Distribution, LLC.
About Natixis Investment Managers
Natixis Investment Managers’ multi-affiliate approach provides clients with the independent thinking and expertise of more than 15 active managers, ranking among the largest asset managers in the world.1 Over $1.3 Trillion in Assets Under Management2 Natixis Investment Managers offers diversified solutions across asset classes, styles and instruments (€1.2 trillion), including innovative Environmental, Social and Governance (ESG) strategies and products to advance sustainable finance. The company partners with its clients to understand their unique needs and provide insights and investment solutions aligned with their long-term goals.
Headquartered in Paris and Boston, Natixis Investment Managers is part of the Global Financial Services division of Groupe BPCE, the second largest banking group in France, through the Banque Populaire and Caisse d’Epargne private networks. Natixis Investment Managers’ associated investment management companies include AEW and DNCA Investments.3 Dorval Asset Management, Flexstone Partners, Gateway Investment Advisers, Harris Associates, Investors Mutual Limited, Loomis, Sayles & Company, Mirova, MV Credit, Naxicap Partners, Ossiam, Ostrum Asset Management, Seventure Partners, Thematics Asset Management, Vauban Infrastructure Partners, Vaughan Nelson Investment Management and WCM Investment Management. Additionally, investment solutions are offered through Natixis Investment Managers Solutions and Natixis Advisors, LLC. Not all services are available in all jurisdictions. For more information, visit Natixis Investment Managers: im.natixis.com | LinkedIn: linkedin.com/company/natixis-investment-managers.
Natixis Investment Managers’ sales and services group includes Natixis Distribution, LLC, a limited purpose broker-dealer and distributor of various investment companies registered in the U.S. Advisory services to these investment companies are provided by Natixis Investment Managers’ affiliates, Natixis Investment Managers SA (Luxembourg), Natixis Investment Managers International (France), and associated sales and services entities in Europe and Asia.
1 Cerulli Quantitative Update: Natixis Investment Managers Ranked 17th in Global Markets 2023Number It is the world’s largest asset manager based on assets under management as of December 31, 2022.
2 Current affiliates’ assets under management (“AUM”) are $1,321.9 billion (€1,224.9 billion), measured as of March 31, 2024. Reported AUM may include notional assets, serviced assets, total assets, assets of minority-owned affiliates and other types of non-regulatory AUM managed or serviced by affiliates of Natixis Investment Managers.
3 A DNCA Finance brand.
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press:
Kelly Cameron
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Kelly Cameron@natixis.com
