NEW YORK, Jan. 8, 2015 (GLOBE NEWSWIRE) -- WisdomTree (Nasdaq:WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced its plans to close and liquidate The WisdomTree Euro Debt Fund (EU).
The Board of Trustees of the WisdomTree Trust approved the closure on December 12, 2014. The final day of trading on the NYSE Arca will be February 11, 2015. Shareholders who do not sell their Fund shares by this date will have their shares automatically redeemed for cash at the net asset value as of February 18, 2015, the Fund's last day of operations.
Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. A prospectus, containing this and other information is available by calling 1-866-909-WISE. Investors should read the prospectus carefully before investing.
It is anticipated that shareholders remaining in the Funds on February 18, 2015 will have their shares redeemed automatically on this date and will receive cash in an amount equal to the net asset value of their shares as of the close of business on February 18, 2015. This amount is expected to include any accrued capital gains and dividends. Shareholders remaining in the Fund on February 18, 2015 will not be charged any transaction fees by the Fund. Whether you sell your shares or are automatically redeemed on February 18, 2015, you will generally recognize a capital gain (or loss) equal to the amount you receive for your shares above (or below) your adjusted cost basis in such shares. Please consult your personal tax advisor about the potential tax consequences.
There are risks involved with investing, including possible loss of principal. Foreign investing involves currency, political and economic risk. Funds focusing on a single country, sector and/or funds that emphasize investments in smaller companies may experience greater price volatility. Investments in emerging markets, currency, fixed income and alternative investments include additional risks. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please see prospectus for discussion of risks.
WisdomTree Funds are distributed by Foreside Fund Services, LLC.
WisdomTree Investments, Inc., through its subsidiaries in the U.S. and Europe (collectively, "WisdomTree"), is an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager headquartered in New York. WisdomTree offers products covering equities, fixed income, currencies, commodities and alternative strategies. WisdomTree currently has approximately $38.8 billion in assets under management globally. For more information, please visit www.wisdomtree.com or follow us on Twitter @WisdomTreeETFs.
WisdomTree® is the marketing name for WisdomTree Investments, Inc. and its subsidiaries worldwide.
Source:WisdomTree Investments, Inc.