VanEck ETFs N.V. is set to delist six of its exchange-traded funds (ETFs) from the London Stock Exchange (LSE) as of December 12, 2023, in response to evolving product demand and distribution strategy. The affected Sub-funds are TCBT, TCGB, TGBT, TGBG, VAAA, and TAGB.
Investors holding shares in these Sub-funds will not incur additional costs due to the delisting, but they will need to arrange a mandatory transfer to another exchange if they wish to continue trading the shares. VanEck has confirmed that at least one listing for each Sub-fund will be maintained on a European exchange. The final trading day on the LSE for these ETFs is scheduled for Monday, December 11, 2023.
The company has provided investors with more than the required 20 business days' notice ahead of the "Final Exchange Trading Date" to allow for any necessary adjustments.
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