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Wednesday 26 June, 2019

Legal&Gen UCITS ETF

Notice to Shareholders

RNS Number : 5020D
Legal & General UCITS ETF PLC
26 June 2019
 

 

Legal & General UCITS ETF Plc

 

Notice to Shareholders of the L&G US Energy Infrastructure MLP UCITS ETF

 

                                                                                                                                                      26 June 2019

 

 

Legal & General UCITS ETF Plc (the "Company") announces that a notice informing shareholders of the Company's intention to update the investment policy of the L&G US Energy Infrastructure MLP UCITS ETF (the "Fund") to reflect the potential exposure of the Fund to a single issuer has been published and posted to shareholders today (the "Notice").

 

The Fund's investment policy is to track the performance of the Solactive US Energy Infrastructure MLP Index TR (the "Index") by seeking to gain exposure to all of the component securities of the Index in substantially the same weighting of the Index. The Fund implements its investment policy by entering into total return swap agreements with one or more swap counterparties pursuant to which the Fund receives the financial performance of the Index from swap counterparties in return for a fee.

 

In view of the current weightings of securities within the Index, it is proposed that the investment policy of the Fund be updated to reflect that the Fund may have an indirect exposure to securities issued by the same body of up to 20% of its Net Asset Value, which limit may be raised to 35% for a single issuer in exceptional market conditions, including (but not limited to) circumstances in which such issuer occupies a dominant market position.

 

This amendment to the investment policy will not affect the manner in which the Fund is managed. The prospectus supplement for the Fund (the "Fund Supplement") will be updated on or around 26 June 2019 to reflect this change.

 

A copy of the Notice has been submitted to the National Storage Mechanism where it is available for inspection at: http://www.morningstar.co.uk/uk/NSM.

 

A copy of the Notice and the Fund Supplement can also be found at: http://www.lgimetfkiids.com/.

 

 

 

FURTHER INFORMATION

 

Legal & General Investment Management Limited

 

Tel: 0345 070 8684

Email: [email protected]

 

J&E Davy (Listing Sponsor)

 

Enquiries: Fergal Meegan / Brian Garrahy                                             

Tel: +353 1 6796363

Email:  [email protected] 

 


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