TSEC - Taiwan Stock Exchange Corporation

07/11/2019 | Press release | Distributed by Public on 07/11/2019 03:49

Paradigm S&P GSCI Brent Crude 1X Inverse ER Futures ETF (00716R) will be delisted on August 8, 2019

The average net asset value of the fund has dropped below NT$50 million for 3 consecutive business days as of June 24 2019 , according to the TWSE, thus requiring it to be delisted from the market as stated in the trust agreement. Paradigm has petitioned with the competent authority for the termination of the trust agreement of the fund which has been approved. The listing status at TWSE has met the requirements of Article 50-2 of the Operating Rules of the Taiwan Stock Exchange Corporation for delisting.

Prior to August 8 2019, the day on which the ETF will be delisted from TWSE, investors may continue to trade the fund units at the centralized market, according to TWSE. After the delisting of the ETF, Paradigm will continue to provide services to the investors. For information on their rights and privileges, investors may visit the official website of the company at http://www.paradigm-fund.com.