WisdomTree Seeks Amendments for Affected Securities
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WisdomTree Multi Asset Issuer Public Limited Company
WisdomTree Multi Asset Issuer Public Limited Company, a public company incorporated with limited liability, is currently focusing on its securities products. The WisdomTree S&P 500 VIX Short-Term Futures 2.25X Daily Leveraged Securities are designed for investors looking to gain exposure to volatility in the index market.
Proposed Amendments to Affected Securities
NOTICE is hereby given that a meeting of the holders of the Affected Securities, specifically the WisdomTree S&P 500 VIX Short-Term Futures, will be convened by the Issuer to discuss certain amendments. The proposed amendments are pertinent to a reduction in the principal amount of the Affected Securities from USD 4.81 to USD 0.481.
Details of the Affected Securities Meeting
The forthcoming meeting will take place at the offices of Apex IFS Limited. This meeting is significant as it follows circumstances where the price of the Affected Securities diminished. Investors are urged to make informed decisions regarding their investments and the changes proposed at this meeting.
Impact of Principal Amount Reduction
The reduction of the principal amount is dictated by the provisions within the trust deed dated 30 November 2012, as amended. Investors holding the Affected Securities should understand that this change does not dilute their holdings nor diminish the overall value of their investments.
Understanding the Threshold Event
This proposed amendment follows a significant threshold event which has necessitated immediate action by the Issuer to maintain normal operations and trading of the Affected Securities. Any price decline below a certain percentage establishes criteria for the meeting and subsequent decisions.
No Negative Impact on Trading
It is crucial to note that this proposed reduction in principal does not negatively impact the ability of Affected Securities Holders to trade their securities. Trading remains based on underlying index values rather than the principal amount.
Redemption Scenarios
In a situation where the vote does not pass, there is a potential for a compulsory redemption event to be triggered should the price subsequently fall below 200% of the principal amount, particularly after a specified period following the threshold event. This could lead to implications for investors and their holdings.
Communication and Support for Affected Securities Holders
Holders of Affected Securities are encouraged to contact their securities broker or intermediary to receive proper guidance regarding the voting process and instructions. Their involvement in the meeting may require specific deadlines to be met, which vary based on the respective intermediaries.
Accessing Meeting Notifications
Affected Securities Holders can find important notifications regarding the meeting, as well as relevant documentation. It is vital for investors to stay informed about the meeting's outcomes shortly after its conclusion.
Final Steps for Participation
For those participating in the meeting, it is advisable to ensure that arrangements for giving voting instructions are made with ample time, as intermediaries and ICSDs may have different practices and earlier deadlines than those specified in communications from the Issuer.
Frequently Asked Questions
What is the purpose of the Affected Securities meeting?
The meeting aims to discuss potential amendments to the principal amount of certain WisdomTree securities in order to maintain regular trading and prevent compulsory redemption events.
How will the reduction in principal affect my investments?
The reduction will not dilute your holdings or negatively impact the ability to trade the Affected Securities, as trading is based on the underlying index values.
What happens if the proposed changes do not pass?
If the amendments do not obtain approval, a compulsory redemption event may be triggered if the price falls significantly below a set threshold.
How can I participate in the meeting?
You should consult with your broker or intermediary for specific instructions and deadlines for voting to ensure your participation in the meeting.
Where can I find more information about the Affected Securities?
Additional information can be accessed through the Issuer's website, including meeting notifications and documents regarding the Affected Securities.
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