Xtrackers
Investment Company with Variable Capital
Registered office: 49, avenue J.F. Kennedy, L-1855
Luxembourg
R.C.S. Luxembourg B-119.899
(the "Company")
IMPORTANT NOTICE TO SHAREHOLDERS OF:
Xtrackers USD Overnight Rate Swap UCITS ETF
ISIN: LU0356591882
(the "Terminating Sub-Fund")
and
Xtrackers MSCI Japan UCITS ETF, share class 6C -- GBP Hedged
ISIN: LU0659580236
(the "Terminating Share Class")
3 November 2021
This notice is to inform you on behalf of the board of directors
of the Company (the "Board of Directors") about recent developments
in respect of the Terminating Sub-Fund and Terminating Share Class
in which you hold Shares.
Capitalised terms used in this notice shall have the same
meaning ascribed to them in the latest version of the prospectus of
the Company (the "Prospectus"), unless the context otherwise
requires.
The Board of Directors deems it appropriate to terminate the
Terminating Sub-Fund and the Terminating Share Class because they
have demonstrated permanently low levels of demand and their Net
Asset Value has remained too low for an extended period of time for
the Terminating Sub-Fund and the Terminating Share Class to be
operated in an economically efficient manner. Consequently, the
Board of Directors has resolved to terminate the Terminating
Sub-Fund and the Terminating Share Class as further described below
with effect from 8 December 2021 (the "Termination Date") and to
proceed with the compulsory redemption of all outstanding Shares of
the Terminating Sub-Fund and the Terminating Share Class in
accordance with the applicable provisions of the Articles of
Incorporation and the Prospectus (the "Terminations"). The last Net
Asset Value of the Terminating Sub-Fund and the Terminating Share
Class will be calculated as of 8 December 2021.
Trading on all relevant stock exchanges will cease with effect
from close of trading on 3 December 2021 (the "Last Trading Day").
Therefore, sale or purchase of Shares in the Terminating Sub-Fund
and the Terminating Share Class in the secondary market may only be
made until close of trading on the relevant stock exchange on the
Last Trading Day. For the avoidance of doubt, the secondary market
includes both trades on the relevant stock exchanges and any
over-the-counter trades. The Terminating Sub-Fund and the
Terminated Share Class are listed on the United Kingdom Listing
Authority's Official List and as a result of the Terminations, the
Terminating Sub-Fund and the Terminating Share Class will be
de-listed from the Official List with effect from 8.00 am on 6
December 2021.
Requests for subscription or redemption for Shares in the
Terminating Sub-Fund and the Terminating Share Class in the primary
market, where applicable, may be made in the usual manner for
processing in accordance with the Prospectus until the applicable
Cut-Off Time as set out in the table below. However, the
liquidation costs, if any, will be taken into account in the
Redemption Price. After the applicable Cut-Off Time set out below,
no further redemptions and subscriptions will be accepted.
Please see below for a summary of the information above:
1. The Terminating Sub-Fund
Name of Stock Last Trading Applicable Termination
Terminating exchange(s) Day on stock Cut-Off Time Date
Sub-Fund from which the exchange(s) and Date for
Terminating from which the primary market
Sub-Fund is to Terminating orders
be de-listed Sub-Fund is to
be de-listed
Xtrackers USD London Stock 3 December 5:00 p.m. 8 December
Overnight Rate Exchange 2021 Luxembourg 2021
Swap UCITS time on 7
ETF December 2021
1. The Terminating Share Class
For the avoidance of doubt, the compulsory redemption of the
Terminating Share Class only relates to that Terminating Share
Class and not to the sub-fund of the Terminating Share Class as a
whole. The Termination has no impact on the remaining share classes
of that sub-fund.
Name of Terminating Stock Last Applicable Termination
Sub-Fund Share ISIN exchange(s) Trading Day Cut-Off Date
Class from which on stock Time and
the exchange(s) Date for
Terminating from which primary
Share Class the market
is to be Terminating redemption
de-listed Share Class orders
is to be
de-listed
Xtrackers 6C -- GBP LU0659580236 London 3 December 5.00 p.m. 8 December
MSCI Hedged Stock 2021 Luxembourg 2021
Japan Exchange time on 6
UCITS December
ETF 2021
The following terms and conditions of the compulsory redemption
have been determined in accordance with article 21 of the Articles
of Incorporation and shall apply as of the Termination Date:
1. The Terminating Sub-Fund and the Terminating Share Class
shall be liquidated and their Redemption Price will be determined
by reference to their Net Asset Value as of the Termination Date
(the "Reference NAV"). The Reference NAV will take into account,
amongst other expenses, all costs resulting from the realisation
and liquidation of the remaining investments of the Terminating
Sub-Fund and the Terminating Share Class (as applicable);
2. No Redemption Charge will be applied;
3. The Redemption Proceeds will be paid in the relevant
Reference Currency to the clearing agent;
4. The payment of the Redemption Proceeds to the registered
Shareholders and the clearing agents, resulting from the compulsory
redemption, will take place at the latest 10 Luxembourg Business
Days after the Termination Date (the "Payment Date"). It should be
noted that payment of the Redemption Proceed to Shareholders who
hold Shares via intermediaries may take longer than 10 Luxembourg
Business Days; and
5. the Redemption Proceeds relating to Shares for which payment
to Shareholders could not be made, will be deposited with the
Caisse de Consignation in Luxembourg on behalf of the persons
entitled thereto as soon as possible after the Payment Date and in
any event before the closure of the liquidation procedure.
Shareholders who subscribe for Shares in the Terminating
Sub-Fund and the Terminating Share Class on the primary market,
where applicable, are entitled to redeem their Shares in the
Terminating Sub-Fund and the Terminating Share Class in accordance
with the Prospectus. Such redemptions shall be free of any
Redemption Charge from the date of this notice until the applicable
Cut-off Time and Date (as set out in the table above). Please note
that the Company does not charge any redemption fee for the sale of
Shares in the secondary market. Orders to sell Shares through a
stock exchange can be placed via an authorised intermediary or
stockbroker. Shareholders should note that orders in the secondary
market may incur costs over which the Company has no control and to
which the above exemption on redemption charges does not apply.
Further information in relation to the Terminations may be
obtained from the legal entities mentioned under Contact
information below, the offices of foreign representatives or by
sending an email to Xtrackers@dws.com.
Shareholders who have any queries or to whom any of the above is
not clear should seek advice from their stockbroker, bank manager,
legal advisor, accountant or other independent financial
advisor.
All Shareholders are strongly advised to: consult their tax
advisor to assess the impact of the Terminations and any potential
tax consequences thereof under the laws of the countries of their
nationality, residence, domicile or incorporation.
Neither the contents of the Company's website nor the contents
of any other website accessible from hyperlinks on the Company's
website is incorporated into, or forms part of, this
announcement.
Xtrackers
The Board of Directors
Contact information
Xtrackers
49, avenue J.F. Kennedy, L-1855 Luxembourg, Grand Duchy of
Luxembourg
DWS Investment S.A.
2, boulevard Konrad Adenauer, L-1115 Luxembourg, Grand Duchy of
Luxembourg
View source version on businesswire.com:
https://www.businesswire.com/news/home/20211103005071/en/
CONTACT:
Xtrackers
SOURCE: Xtrackers
Copyright Business Wire 2021
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