On Thursday, HANetf ICAV announced the merger of two of its sub-funds, with a detailed exchange ratio for the involved ETFs effective as of November 21, 2024. The Sprott Copper Miners ESG-Screened UCITS ETF, identified by ISIN IE000IQQEL77, will be the receiving fund in this merger, absorbing the Sprott Energy Transition Materials UCITS ETF which carries the ISIN IE000K6PPGX7.
The Net Asset Value (NAV) of the Sprott Copper Miners ESG-Screened UCITS ETF was reported at $10.7068 as of November 20, 2024. In contrast, the Sprott Energy Transition Materials UCITS ETF's NAV stood at $5.9229 on the same date. The exchange ratio has been set, and shareholders in the absorbed ETF will receive approximately 0.553190328 shares in the Sprott Copper Miners ESG-Screened UCITS ETF for each share they hold in the Sprott Energy Transition Materials UCITS ETF.
This merger is part of HANetf ICAV's ongoing adjustments to its fund offerings and is expected to streamline the company's product lineup. Shareholders affected by the merger or those with inquiries can reach out directly to HANetf ICAV for further clarification or assistance.
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