VanEck Announces Changes to ETF Product Line

As the sponsor of VanEck ETFs, VanEck continuously monitors and evaluates its ETF offerings across a number of factors, including performance, liquidity, assets under management, and investor interest, among others. The decision was made to liquidate the Funds based on an analysis of these factors and other operational considerations.

Shareholders of the Funds may sell their shares on the Funds’ listing exchanges until market close on June 18, 2025 (transaction fees from their broker-dealer may be incurred). The Funds’ shares will no longer trade on their respective listing exchange after market close on June 18, 2025, and the shares will subsequently be de-listed. Shareholders who continue to hold shares of the Funds on the Funds’ liquidation date, which is expected to be on or about June 25, 2025, will receive a liquidating distribution of cash in the cash portion of their brokerage accounts equal to the amount of the net asset value of their shares. Proceeds from the liquidations are currently scheduled to be sent to shareholders on or about June 25, 2025. For tax purposes, shareholders will generally recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares. The Funds will stop accepting creation orders from Authorized Participants on June 18, 2025.

Shareholders who hold shares of the Funds may receive a final distribution of net income and capital gains earned by the Funds and not previously distributed prior to liquidation.

The final tax status of distributions made by the Funds, including the liquidating distribution, will be provided to shareholders with the year-end tax reporting for the Funds (including any portion which may be treated as a return of capital for tax purposes, reducing a shareholder’s basis in such shares).