IMPORTANT: This letter is important and requires your immediate attention. If you have any questions about the content of this letter, you should seek independent professional financial advice.
8 September, 2016
Source Markets plc (the "Company")
Source Financials S&P US Select Sector UCITS ETF (the "Fund")
We are writing to you as a Shareholder of the Fund, a sub-fund of the Company, to update you on upcoming changes to the S&P Select Sector Capped 20% Financials Index (the "Reference Index").
We wish to update Shareholders that Standard & Poor's (the "Index Sponsor") propose a number of changes to the Reference Index which are summarised below.
Changes to the Reference Index
The Index Sponsor is making changes to the structure of their Global Industry Classification Standard (GICS) whereby the real estate sector, currently a component of the financials sector, is being promoted to its own sector. Mortgage real estate investment trusts will remain in the financials sector given their greater similarity to traditional financial companies. The Index Sponsor considers the expansion and increasing specialisation of real estate firms necessitates the creation of a distinct real estate sector, as it has unique attributes and is the least correlated among industry groups within the financial sector.
As a result of the proposed change, eligible real estate sector constituents will be removed from the financials sector and there will be a higher concentration and influence of the remaining industries within the financials sector.
Further information is available at: http://us.spindices.com/client-services/current-transitions
Notice Period and Effective Date
The changes to the Reference Index are expected to take effect on or around 19 September 2016 (the "Effective Date").
Actions of the Fund
The Fund continues to seek to achieve the performance of the Reference Index and will track the changes to the constituents of the Reference Index referred to above through the unfunded swap arrangement in accordance with the terms of the Supplement.
Whilst the changes described above do not require Shareholder approval or changes to the Supplement, should you wish to redeem your shareholding, you may do so in accordance with the dealing provisions outlined in the Supplement.
Shareholders may obtain the Prospectus, the Supplement, the key investor information document, the latest annual and semi-annual reports together with copies of the Memorandum and Articles of Association free of charge from the registered office of the Manager or the respective local agents in the countries where the Company is registered including in Switzerland at BNP Paribas Securities Services, Paris, succursale de Zurich, Selnaustrasse 16, 8002 Zurich which is the Swiss representative and paying agent, as well as from the German information agent Marcard, Stein & Co AG, Ballindamm 36, 20095 Hamburg, Germany and on the website of the Company - www.SourceETF.com.
All capitalised terms used in this notice shall bear the same meaning as the capitalised and defined terms used in the Prospectus of the Company and in the Supplement.
Source Markets plc
This announcement has been issued through the Companies Announcement Service of
The Irish Stock Exchange
This information is provided by RNS