Connect with us

Business Wire

Metaurus Advisors Cross-Lists Two First-of-Their-Kind ETFs in Mexico

Business Wire

Published

on

Reading Time: 4 minutes

NEW YORK–(BUSINESS WIRE)–$idiv #bolsamexicanaMetaurus Advisors, a US-based financial innovation and asset management company, announced that it has, with the assistance of Bank of America Mexico, cross-listed two exchange traded funds on the Bolsa Mexicana de Valores (BMV); the Metaurus US Equity Cumulative Dividend Fund – Series 2027 (IDIV*: BMV) and the Metaurus US Equity Ex-Dividend Fund – Series 2027 (XDIV*: BMV).

These innovative ETFs, which may have interesting tax characteristics for some non-US investors, separate the S&P 500 Index into its two return “components”— a “Dividend Component” based on the dividend cash flow (IDIV*) and a “Price Component” based on the capital appreciation (XDIV*). By unbundling these two previously inseparable sources of equity returns, investors now have the ability to trade them independently of one another for the first time. They enable investors to better express preference between the dividend cash flow and price exposure of the S&P 500 Index by using these components in isolation, or, re-combining them in varying ratios to potentially introduce new risk and return profiles for their index exposure.

“We are excited to make these funds available in Mexico,” said Rick Sandulli, Co-CEO of Metaurus Advisors. “We think the tax characteristics will be of interest to those investors subject to dividend withholding tax. And, they offer an unparalleled ability for investors to customize their portfolio’s relative exposure to potential income versus capital appreciation.”

The Metaurus Cumulative Dividends Fund (IDIV*) represents the “Dividend Component” and is designed to provide returns generated by the dividend growth of the S&P 500 Index, without stock price risk, while making periodic payments that replicate the actual dividends paid. IDIV employs a passive strategy that seeks to track, before fees and expenses, the Solactive US Cumulative Dividends Index-Series 2027.

The Metaurus Ex-Dividend Fund (XDIV*) represents the “Price Component” and is the remaining exposure to the S&P 500 Index after the future dividends have been stripped out. This fund is designed to provide full price exposure to the S&P 500 Index at a capital investment that is reduced by the value of the stripped dividends. XDIV employs a passive strategy that seeks to track, before fees and expenses, the Solactive Ex-Dividend Index-Series 2027.

About Metaurus Advisors

Metaurus Advisors is an asset management company focused on innovation and dedicated to providing unique financial solutions to address today’s most pressing investment problems. Metaurus seeks to alter the investment landscape, both domestically and internationally, by providing the market with thoughtfully built financial tools, not generic products. Metaurus principals pioneered the Structured Notes platforms at Merrill Lynch (1990-1997), Morgan Stanley (1995-2005) and Wells Fargo (2005-2018).

Disclosures

Neither Metaurus Advisors LLC and its affiliates nor SEI and its affiliates provide tax advice. Please note that (i) any discussion of U.S. tax matters contained in this communication cannot be used by you for the purpose of avoiding tax penalties; (ii) this communication was written to support the promotion or marketing of the matters addressed herein: and (iii) you should seek advice based on your particular circumstances from an independent tax advisor.

The ETFs are not investment companies registered under the Investment Company Act of 1940 and are not afforded the protections of the 1940 Act.

This material must be preceded or accompanied by a prospectus. Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds’ prospectus, which may be obtained by clicking on the Prospectus link or by calling 866.395.0079. Read the prospectus carefully before investing.

Nothing in this announcement should be considered a solicitation to buy or an offer to sell any shares of the portfolio in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. This communication is for informational purposes only. It is not intended to provide, and should not be interpreted as individualized investment, legal or tax advice. To obtain such advice, please consult with your investment, legal or tax professional. Investing involves risk, including possible loss of principal. There is no guarantee that the funds will meet their investment objectives. The ETFs primarily invest in futures, which can be volatile. Even a small movement in market prices could cause large losses. There is no guarantee that distributions will be made.

Shares are bought and sold at market price (not NAV) and are not individually redeemed from the funds other than in large Creation Unit aggregations. Instead, investors must buy or sell shares of the funds in the secondary market with the assistance of a broker. As with all securities, buying and selling shares of the funds will result in brokerage commissions and will generate tax consequences. Brokerage commissions will reduce returns.

Additional disclosures can be found at www.metaurus.com/disclosures

Funds distributed in the United States by SEI Investments Distribution Co. (SIDCO). SIDCO is not affiliated with Metaurus Advisors LLC or any of its affiliates.

Additional Information for Mexican Investors

The funds list and principally trade their shares on the NYSE-ARCA exchange, and have been cross-listed on the Bolsa Mexicana de Valores.

None of the securities herein have been registered with the National Securities Registry (Registro Nacional de Valores) maintained by the Mexican National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores). Securities not cross-listed on the nor registered with the National Securities Registry (Registro Nacional de Valores) may not be offered or sold publicly or otherwise be the subject of brokerage activities in Mexico, except pursuant to the private placement exemption set forth in article 8 of the Securities Market Law (Ley del Mercado de Valores), to institutional and qualified investors, as defined under Mexican law and rules thereunder.

The offering materials may not be publicly offered or distributed in Mexico.

© 2019 Metaurus Advisors LLC. All rights reserved.

For additional information on Metaurus, please visit www.metaurus.com | Twitter: @metaurusllc | LinkedIn: Metaurus Advisors LLC

 

Contacts

Metaurus Advisors LLC

Rick Silva, Senior Managing Director, Partner

+1 (201) 683-7106

rsilva@metaurus.com

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

For the last half century, thousands of communications professionals have turned to us to deliver their news to the audiences most important to their business through the sources they trust most. Over that time, we've gone from a single office with one full time employee to more than 500 employees in 32 bureaus.

Business and Management

MMSI LOSS NOTICE: TOP RANKED ROSEN LAW FIRM Reminds Merit Medical Systems, Inc. Investors of Important Deadline in Securities Class Action – MMSI

Business Wire

Published

on

Reading Time: 3 minutes

NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Merit Medical Systems, Inc. (NASDAQ:MMSI) between February 26, 2019 and October 30, 2019, inclusive (the “Class Period”) of the important February 3, 2020 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Merit Medical investors under the federal securities laws.

To join the Merit Medical class action, go to http://www.rosenlegal.com/cases-register-1736.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the integrations of Cianna and Vascular Insights, including their products, sales people, and R&D facilities, had caused operational disruptions, reduced sales, and were months behind schedule; (2) sales of acquired company products had slowed substantially due to pre-acquisition pipeline fill, in particular for Vascular Insights products which, as late as July 2019, had zero orders during fiscal 2019; (3) in light of the foregoing, Merit Medical’s reported financial guidance for fiscal 2019 and 2020 was made without a reasonable basis; and (4) as a result, Merit Medical’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 3, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1736.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or cases@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.

Contacts

The Rosen Law Firm, P.A.

Laurence Rosen, Esq.

Phillip Kim, Esq.

275 Madison Avenue, 40th Floor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

Continue Reading

Business and Management

FIAT LOSS NOTICE: TOP RANKED ROSEN LAW FIRM Reminds Fiat Chrysler Automobiles N.V. Investors of Important Deadline in Securities Class Action – FCAU

Business Wire

Published

on

Reading Time: 2 minutes

NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) from February 26, 2016 and November 20, 2019, inclusive (the “Class Period”) of the important January 31, 2020 lead plaintiff deadline in securities class action. The lawsuit seeks to recover damages for Fiat investors under the federal securities laws.

To join the Fiat class action, go to http://www.rosenlegal.com/cases-register-1732.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Fiat employed a bribery scheme to obtain favorable terms in its collective bargaining agreement with International Union, United Automobile, Aerospace and Agricultural Implement Workers of America; (2) high-ranking Fiat officials were aware of and authorized the scheme; and (3) due to the foregoing, defendants’ statements about Fiat’s receivables, business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 31, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1732.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or cases@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Contacts

The Rosen Law Firm, P.A.

Laurence Rosen, Esq.

Phillip Kim, Esq.

275 Madison Avenue, 40th Floor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

Continue Reading

Business and Management

Republic Bank Opens New West Broadway Banking Center inside Republic Bank Foundation YMCA

Business Wire

Published

on

Reading Time: 2 minutes

LOUISVILLE, Ky.–(BUSINESS WIRE)–Republic Bank announced today that it has opened a new banking center inside the Republic Bank Foundation YMCA at 1720 W. Broadway, Suite 103.

“We are thrilled to open this new Republic Bank location in Louisville on West Broadway,” said Jammie Williams, Business Development Manager – Broadway. “Our strong team of local bankers are invested in the community and committed to taking care of our clients in this neighborhood. The opening of this new banking center is just one way we make banking ‘easier’ for our clients through the combination of both bank lobby service and extended service hours offered by our Interactive Teller Machine.”

“Our new West Broadway location inside the Republic Bank Foundation YMCA will enhance our successful community banking model in Louisville,” said Republic Bank Chairman and CEO Steve Trager. “We look forward to helping businesses and consumers achieve their financial goals and extending friendly, local lending.”

In addition to traditional bank lobby hours from 9:00 a.m. to 4:00 p.m. Monday – Thursday, 9:00 a.m. to 5:00 p.m. on Friday, and 9:00 a.m. to 12:00 noon on Saturday, this location will feature both a walk-up and drive-thru Interactive Teller Machine (“ITM”). ITMs feature live customer service representatives available through real-time video, allowing for extended banking hours and greater customer convenience. ITMs allow clients to easily make deposits without an envelope or deposit slip, cash checks for exact change, and make loan payments. Transactions are processed the same day, even after regular banking hours. The Republic Bank ITM offers convenient banking from 7:30 a.m. to 6:00 p.m. on weekdays and 8:30 a.m. to 1:00 p.m. on Saturday.

Republic Bancorp, Inc. (the “Company”) is the parent company of Republic Bank & Trust Company (the “Bank”). The Bank currently has 41 full-service banking centers and two loan production offices throughout five states: 28 banking centers in 8 Kentucky communities – Covington, Crestview Hills, Florence, Georgetown, Lexington, Louisville, Shelbyville, and Shepherdsville; three banking centers in southern Indiana – Floyds Knobs, Jeffersonville, and New Albany; seven banking centers in six Florida communities (Tampa MSA) – Largo, Port Richey, St. Petersburg, Seminole, Tampa, and Temple Terrace, and one loan production office in Oldsmar; two banking centers in Tennessee (Nashville MSA) – Cool Springs (Franklin) and Green Hills (Nashville), and one loan production office in Brentwood; and one banking center in Norwood (Cincinnati), Ohio. The Bank offers internet banking at www.republicbank.com. The Bank also offers separately branded, nation-wide digital banking at www.mymemorybank.com. The Company has $6.1 billion in assets and is headquartered in Louisville, Kentucky. The Company’s Class A Common Stock is listed under the symbol “RBCAA” on the NASDAQ Global Select Market.

Republic Bank. It’s just easier here.®

Contacts

Michael Sadofsky

Chief Marketing Officer

Louisville, Kentucky

(502) 561-7125

Continue Reading

Font Resizer

Subscribe to PICANTE via Email

Enter your email address to subscribe to PICANTE and receive notifications of new posts by email.

Follow us on Facebook

Read more from our authors

IT2 hours ago

Traffic4cast competition reveals novel way to predict traffic flow using AI

Business and Management11 hours ago

MMSI LOSS NOTICE: TOP RANKED ROSEN LAW FIRM Reminds Merit Medical Systems, Inc. Investors of Important Deadline in Securities Class Action – MMSI

Business and Management12 hours ago

FIAT LOSS NOTICE: TOP RANKED ROSEN LAW FIRM Reminds Fiat Chrysler Automobiles N.V. Investors of Important Deadline in Securities Class Action – FCAU

Business and Management14 hours ago

GEICO Says Keep the Holiday Rush out of Your Driving

Business and Management14 hours ago

Republic Bank Opens New West Broadway Banking Center inside Republic Bank Foundation YMCA

Business and Management23 hours ago

ADTRAN 72 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against ADTRAN, Inc. – ADTN

Business and Management23 hours ago

CV SCIENCES INVESTIGATION INITIATED By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of CV Sciences, Inc. – CVSI

Business and Management1 day ago

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Live Nation Entertainment, Inc. and Encourages Investors with Losses to Contact the Firm

Business and Management1 day ago

The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Amdocs Limited Investors (DOX)

Business and Management1 day ago

Santa Clara University Sends Early Admission Decisions After Record Number of Applications

Follow our Tweets

Trending

Please turn AdBlock off