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DUBLIN - WisdomTree Multi Asset Issuer Public Limited Company announced Wednesday it will hold a meeting of security holders on July 11, 2025, to vote on reducing the principal amount of its Brent Crude Oil 3X Daily Short Securities.
The company proposes to decrease the principal amount from $0.114 to $0.0114 after the securities’ price fell below 500% of their current principal amount on June 13, 2025, triggering what the firm calls a "Threshold Event."
According to the announcement based on a press release statement, the reduction aims to prevent a compulsory redemption event that would force the issuer to redeem all securities. Such an event would automatically trigger if prices fall below 200% of the principal amount on or after 60 days from the Threshold Event Date without the proposed adjustment.
The company emphasized that the principal amount reduction would not affect the securities’ trading price, which is calculated based on the underlying index rather than the principal amount. The change would not dilute holdings, reduce value, impact trading ability, or affect redemption amounts.
The meeting will take place at the offices of Apex IFS Limited in Dublin at 11 a.m. local time. Security holders can access additional information through their brokers or on the WisdomTree website.
The securities trade under the LSE code 3BRS with ISIN IE00BLRPRK35.
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