VanEck is pleased to announce that the Board of Trustees of VanEck Trust approved a 2-for-1 forward stock split for the VanEck Semiconductor ETF (NASDAQ:SMH) (“the Fund”).
The effective date of the split will be at market open on May 4, 2023. The Fund will retain the same CUSIP and continue to trade on The NASDAQ Stock Market, Inc. under the same ticker symbol as set forth below.
|
Fund Name |
Ticker |
CUSIP |
Split Ratio |
|
VanEck Semiconductor ETF |
SMH |
92189F676 |
2:1 |
All investors owning shares of the Fund as of the close of trading on May 3, 2023 will have their shares included in the stock split. Shares are expected to start trading at the new split-adjusted price beginning May 4. Importantly, forward share splits have no impact on the market value of an investor’s holdings of the ETF nor do they trigger any tax consequences. There will be no impact on the overall value of the ETF. The Depository Trust Company (“DTC”), the registered owner of all Fund shares, has been notified of the split and has been instructed to adjust each shareholder’s investment accordingly.
VanEck periodically assesses its ETF lineup to determine when and where share splits would most benefit investors. A number of factors are considered, including ETF market price, bid-ask spread and trading volume.
