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

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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

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Business Wire

INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of SAExploration Holdings, Inc. Investors (SAEX)

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BENSALEM, Pa.–(BUSINESS WIRE)–$SAEX–Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased SAExploration Holdings, Inc. (“SAExploration” or the “Company”) (NASDAQ: SAEX) securities between March 15, 2016 and August 15, 2019, inclusive (the “Class Period”). SAExploration investors have until October 17, 2019 to file a lead plaintiff motion.

Investors suffering losses on their SAExploration investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

On August 15, 2019, SAExploration revealed that certain accounting matters that arose in 2015-2016 were under investigation by the SEC. The Company stated that they would restate its previously issued financial statements for fiscal years 2015 through 2018 and delay filing its 10-Q for the quarter ended June 30, 2019. The Company’s Chief Executive Officer was placed on administrative leave, and its Chief Financial Officer was terminated from his position.

On this news, the Company’s share price fell $1.13 per share, or over 34%, to close at $2.14 per share on August 16, 2019, thereby injuring investors.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the Company improperly did not classify Alaska Seismic Ventures, LLC (“ASV”) as a variable interest entity; (2) that the Company had a controlling financial interest in ASV, which required the Company to consolidate ASV in its financial statements; (3) that the Company had deficient internal controls over financial reporting; (4) that these practices were likely to lead to an investigation of the Company by the SEC; (5) that SAExploration would be forced to delay the filing of its quarterly report for the quarter ended June 30, 2019; and (6) that as a result, Defendants’ statements about SAExploration’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you purchased SAExploration securities have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith

Howard G. Smith, Esquire

215-638-4847

888-638-4847

howardsmith@howardsmithlaw.com

www.howardsmithlaw.com

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Business Wire

Thomas Rodriguez Joins Kleinfelder as Executive Vice President and East Division Director

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EXTON, Pa.–(BUSINESS WIRE)–Kleinfelder announced today that Thomas Rodriguez has joined the firm as Executive Vice President and East Division Director. Rodriguez is a results-driven leader with significant experience directing multi-disciplined operations and leading teams to drive profitable growth. Based in Kleinfelder’s Exton office, Rodriguez will oversee operations throughout Kleinfelder’s East Division.

“Tom will be a significant asset to Kleinfelder’s leadership team as we continue to position our business to best capitalize on existing and emerging market opportunities,” commented Louis Armstrong, President. “His diverse skill sets, experience, and knowledge of our markets will be invaluable as he leads our East Division operations in strategic initiatives that drive growth and create new opportunities for our staff.”

An accomplished professional with versatile experience, Rodriguez has a strong technical foundation in addition to a proven track record in operations management, enterprise risk management, business development, and health and safety stewardship. Having successfully led business operations with over 700 staff and over $150 million in sales and revenue, he has achieved tremendous success delivering growth and profitability through portfolio diversification, enterprise-level marketing and sales campaigns, and reduction of project overruns and claims through effective risk management and quality assurance measures. Maintaining a results and people driven leadership style, Rodriguez underscores the importance of cultivating and retaining staff, coaching and developing new leaders, and emphasizing a high quality, safety-first work culture.

“I have known and admired Kleinfelder’s strong work and market position for many years,” said Rodriguez. “Under the current leadership team and capital structure, we are positioned to provide broader services to our clients, greater career opportunities for our staff, and achieve strong, profitable growth in the months and years ahead. I am proud and excited to be joining this team.”

About Kleinfelder

Founded in 1961, Kleinfelder is an engineering, construction management, design and environmental professional services firm. Kleinfelder operates over 60 office locations in the United States, Canada, and Australia. The company is headquartered in San Diego, California.

Contacts

Dustin Esposito

Marketing and Communications Manager

DEsposito@Kleinfelder.com

(617) 498‐4627

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Deadline Reminder: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against International Flavors & Fragrances Inc.

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BENSALEM, Pa.–(BUSINESS WIRE)–$IFF–Law Offices of Howard G. Smith reminds investors of the upcoming October 11, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased International Flavors & Fragrances Inc. (“IFF” or the “Company”) (NYSE: IFF) securities between May 7, 2018 and August 5, 2019, inclusive (the “Class Period”).

Investors suffering losses on their IFF investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

On August 5, 2019, after the market closed, the Company disclosed that Frutarom had “made improper payments to representatives of a number of customers” in Russia and Ukraine and that “key members of Frutarom’s senior management at the time were aware of such payments.” The Company also reduced its 2019 financial guidance for sales to a range of $5.15 billion to $5.25 billion, from a range of $5.2 billion to $5.3 billion, and for adjusted earnings per share to a range of $4.85 to $5.05, from $4.90 to $5.10.

On this news, the Company’s share price fell $22.56 per share, or nearly 16%, to close at $118.91 per share on August 6, 2019, on unusually heavy trading volume.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Frutarom had bribed customers in Russia and Ukraine; (2) that senior management at Frutarom were aware of such improper payments; (3) that, as a result, Frutarom’s financial results were materially overstated; (4) that, as a result of the improper payments, the Company was reasonably likely to face regulatory scrutiny; (5) that the Company had not completed adequate due diligence before acquiring Frutarom; (6) that, as a result of the foregoing, the Company was unlikely to achieve purported synergies from the acquisition; and (7) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

If you purchased IFF securities during the Class Period you may move the Court no later than October 11, 2019 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith

Howard G. Smith, Esquire

215-638-4847

888-638-4847

howardsmith@howardsmithlaw.com

www.howardsmithlaw.com

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