The Market Vectors ETF Trust announced regular monthly distributions
today for five ETFs within the Market Vectors Family of Municipal Bond
ETFs*.
The following dates apply to today’s distribution declarations:
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Ex-Date
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Record Date
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Payable Date
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March 2, 2009
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March 4, 2009
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March 6, 2009
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FUND
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Ticker
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Distribution Frequency
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Distribution Amount Per Share
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Market Vectors
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Intermediate Municipal Index ETF
|
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ITM
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Monthly
|
|
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$
|
0.063
|
|
|
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Market Vectors
|
|
|
|
|
|
|
|
|
Long Municipal Index ETF
|
|
MLN
|
|
Monthly
|
|
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$
|
0.072
|
|
|
|
Market Vectors
|
|
|
|
|
|
|
|
|
Short Municipal Index ETF
|
|
SMB
|
|
Monthly
|
|
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$
|
0.036
|
|
|
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Market Vectors
|
|
|
|
|
|
|
|
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Pre-Refunded Municipal Index ETF
|
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PRB
|
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Monthly
|
|
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$
|
0.024
|
|
|
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Market Vectors
|
|
|
|
|
|
|
|
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High-Yield Municipal Index ETF
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HYD
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Monthly
|
|
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$
|
0.175
|
The majority, and possibly all, of this distribution will be paid out
of net investment income earned by the Fund. A portion of this
distribution may come from net short-term realized capital gains or
return of capital.
*Currently, five ETFs (Market Vectors Intermediate Municipal Index
ETF, Market Vectors Long Municipal Index ETF, Market Vectors Short
Municipal Index ETF, Market Vectors Pre-Refunded Municipal Index ETF and
the Market Vectors High-Yield Municipal Index ETF) are being offered to
the public.
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.
Van Eck 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.
For more complete information about the Market Vectors ETFs, contact
your investment representative and request a prospectus or visit www.vaneck.com/etf.
Please consider a Fund’s objectives, risks and charges and expenses, and
read the prospectus carefully before investing. The prospectus contains
this and other information about the Fund.
About Van Eck Global
Founded in 1955, Van Eck Associates Corporation was among the first U.S.
money managers helping investors achieve greater diversification through
global investing. Today the firm continues the 50+ year tradition by
offering global investment choices in hard assets, emerging markets,
precious metals including gold, and other specialized asset classes.
Market Vectors exchange-traded products have been offered by Van Eck
Global since 2006 when the firm launched the nation’s first gold mining
ETF. Today, Market Vectors ETFs and ETNs span several asset classes,
including equities, municipal bonds and currency markets.
Van Eck Global also offers mutual funds, insurance trust funds, separate
accounts and alternative investments. Designed for investors seeking
innovative choices for portfolio diversification, Van Eck Global’s
investment products are often categorized in asset classes having
returns with low correlations to those of more traditional U.S. equity
and fixed income investments.
Please call 1.888.MKT.VCTR or visit www.vaneck.com/etf
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.
Principal Risk Factors: Municipal bonds are subject to risks related to
litigation, legislation, political change, conditions in underlying
sectors or in local business communities and economies, bankruptcy or
other changes in the issuer’s financial condition, and/or the
discontinuance of taxes supporting the project or assets or the
inability to collect revenues for the project or from the assets.
Additional risks include credit, interest rate, call, reinvestment, tax,
market and lease obligation risk. High-yield municipal bonds are subject
to greater risk of loss of income and principal than higher-rated
securities, and are likely to be more sensitive to adverse economic
changes or individual municipal developments than those of higher-rated
securities. Interest and principal payments for pre-refunded bonds are
funded from securities in an escrow account. The escrowed securities do
not guarantee the price of these bonds. Municipal bonds may be less
liquid than taxable bonds. There is no guarantee that the Fund’s income
will be exempt from federal or state income taxes, and changes in those
tax rates or in alternative minimum tax rates or in the tax treatment of
municipal bonds may make them less attractive as investments and cause
them to lose value. Capital gains, if any, are subject to capital gains
tax.
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 1.888.MKT.VCTR or visit www.vaneck.com/etf
for a free prospectus. They should consider the investment
objective, risks, and charges and expenses of Market Vectors ETFs
carefully before investing. The prospectus contains this and other
information. Please read the prospectus carefully before investing.
Van Eck Securities Corporation, Distributor, 335 Madison Avenue, New
York, NY 10017
MacMillan Communications
Mike MacMillan/Lindsey Wetmiller
212-473-4442
mike@macmillancom.com