LONDON - Legal & General (LON:LGEN) UCITS ETF Plc announced the impending closure and winding-up of three of its exchange-traded funds (ETFs), with the final trading and dealing dates set for February 18 and February 19, 2025, respectively. The affected funds are the L&G Optical Technology & Photonics ESG Exclusions UCITS ETF (ISIN IE000QNJAOX1), the L&G Japan ESG Exclusions Paris Aligned UCITS ETF (ISIN IE000HLUHPT1), and the L&G Global Thematic ESG Exclusions UCITS ETF (ISIN IE000VTOHNZ0).
The decision to close these sub-funds comes after careful deliberation by the Company's Directors, with the long-term interests of shareholders in mind. The closure process will involve a compulsory redemption of all shares in the sub-funds. Investors will not be able to trade shares of these funds on any relevant exchange after February 18, 2025. Applications for subscriptions and redemptions must be received by 4:00 pm on that date, after which the sub-funds will no longer accept new subscriptions or redemptions.
The sub-funds are scheduled to be de-listed from the Official List of the Financial Conduct Authority as of March 4, 2025. The proceeds from the compulsory redemption of shares will be distributed to registered shareholders on or around March 5, 2025.
As the sub-funds' underlying portfolios are liquidated in preparation for closure, the ability to meet their investment objectives may be compromised, leading to an increased risk of tracking error.
The notification regarding the sub-funds' closure has been submitted to the National Storage Mechanism and will be available for review at the Financial Conduct Authority's website and at www.lgimetf.com.
This announcement is based on a press release statement from Legal & General UCITS ETF Plc.
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