Market Vectors ETFs Announce April 2014 Distributions

Business Wire

NEW YORK--(BUSINESS WIRE)--

The Market Vectors ETF Trust announced today its regular distributions per share for the Market Vectors municipal income and income-oriented exchange-traded funds.

The following dates apply to distribution declarations for the funds listed below:

Ex-Date

         

Record Date

         

Payable Date

May 1, 2014 May 5, 2014 May 7, 2014
        Expected    
Distribution Distribution Amount
ETF     Ticker     Frequency     Per Share
Market Vectors Intermediate Municipal Index ETF

ITM

Monthly $0.0470
 
Market Vectors Long Municipal Index ETF

MLN

Monthly $0.0638
 
Market Vectors Short Municipal Index ETF

SMB

Monthly $0.0180
 
Market Vectors Short High-Yield Municipal Index ETF

SHYD

Monthly $0.0650
 
Market Vectors High-Yield Municipal Index ETF

HYD

Monthly $0.1222
 
Market Vectors Pre-Refunded Municipal Index ETF

PRB

Monthly $0.0230
 
Market Vectors Investment Grade Floating Rate ETF

FLTR

Monthly $0.0120
 
Market Vectors Renminbi Bond ETF

CHLC

Monthly $0.0600
 
Market Vectors CEF Municipal Income ETF

XMPT

Monthly $ 0.1211
 
Market Vectors International High Yield Bond ETF

IHY

Monthly $0.1170
 
Market Vectors Fallen Angel High Yield Bond ETF

ANGL

Monthly $0.1260
 
Market Vectors Emerging Markets High Yield Bond ETF

HYEM

Monthly $0.1260
 
Market Vectors Preferred Securities Ex Financials ETF

PFXF

Monthly $0.0668
 
Market Vectors Treasury-Hedged High Yield Bond ETF

THHY

Monthly $0.0930
 

The following dates apply to Market Vectors Emerging Markets Aggregate Bond ETF and Market Vectors Emerging Markets Local Currency Bond ETF’s distribution declarations:

Ex-Date

         

Record Date

         

Payable Date

April 24, 2014 April 28, 2014 April 30, 2014
        Expected    
Distribution Distribution Amount
Fund     Ticker     Frequency     Per Share
Market Vectors Emerging Markets Aggregate Bond ETF

EMAG

Monthly $0.0900
 
Market Vectors Emerging Markets Local Currency Bond ETF

EMLC 

Monthly $0.1120
 

The majority, and possibly all, of these distributions will be paid out of net investment income earned by the Funds. A portion of this distribution may come from net short-term realized capital gains or return of capital.

The amount of dividends paid by each fund may vary from time to time. Past amounts of dividends are no guarantee of future dividend payment amounts.

Market Vectors does not provide legal, tax or accounting advice. Any statement contained in this communication concerning U.S. tax matters is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties imposed on the relevant taxpayer. Shareholders or potential shareholders of the Market Vectors ETFs should obtain their own independent tax advice based on their particular circumstances.

About Market Vectors ETFs

Market Vectors exchange-traded products have been offered since 2006 and span many asset classes, including equities, fixed income (municipal and international bonds) and currency markets. Many of our ETFs are based on pure-play indices whose constituents must derive a majority of revenues from the target region/sector. Market Vectors is one of the largest ETP families in the U.S and worldwide.

Market Vectors ETFs are sponsored by Van Eck Global. Founded in 1955, Van Eck Global was among the first U.S. money managers helping investors achieve greater diversification through global investing. Today, the firm continues this tradition by offering innovative, actively managed investment choices in hard assets, emerging markets, precious metals including gold, and other alternative asset classes. Van Eck Global has offices around the world and managed approximately $32.6 billion in investor assets as of March 31, 2014.

Please call 888.MKT.VCTR or visit our website for the most recent month-end performance of Market Vectors ETFs. This information will be available no later than seven business days after the most recent month end.

Past performance is not a guarantee of future results. Investors should be willing to accept a high degree of volatility and the potential of significant loss. The principal risks of investing in Market Vectors ETFs include sector, market, economic, political, foreign currency, world event, index tracking and non-diversification risks, as well as fluctuations in net asset value and the risks associated with investing in less developed capital markets. The Funds may loan their securities, which may subject them to additional credit and counterparty risk.

Fixed income investments are subject to interest rate risk, credit risk, the risk that the issuer of a bond will fail to pay interest and principal in a timely manner, or that negative perceptions of the issuer’s ability to make such payments will cause the price of that bond to decline. Bonds and bond funds will decrease in value as interest rates rise. In addition when interest rates fall income may decline.

Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called “creation units” and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in kind. Shares may trade at a premium or discount to their NAV in the secondary market.

Investors may call 888.MKT.VCTR or visit marketvectorsetfs.com for a free prospectus and summary prospectus. Investing involves risk, including possible loss of principal. An investor should consider the investment objective, risks, and charges and expenses of Market Vectors ETFs carefully before investing. The prospectus and summary prospectus contains this and other information. Please read the prospectus and summary prospectus carefully before investing.

Van Eck Securities Corporation, Distributor, 335 Madison Avenue, New York, NY 10017

Contact:
MacMillan Communications
Mike MacMillan, 212-473-4442
mike@macmillancom.com
or
Chris Sullivan, 212-473-4442


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