BSCB: Not Your Typical ETF Closure

December 29, 2011 by  
Filed under Commentary, ETF Closings

Today (December 29, 2011) is the last day of trading for the Guggenheim BulletShares 2011 Corporate Bond ETF (BSCB).  In what is believed to be the most timely liquidation and payment to shareholders, the fund’s final distribution will be payable tomorrow.

The delisting, liquidation, closure, and termination of BSCB will be unlike previous ETF closings.  BSCB is not closing:

No, this one closed as planned.  This one closed the way it said it would at the time of launch: because it reached maturity.  See Guggenheim BulletShares 2011 Corporate Bond ETF Announces Scheduled Maturity (pdf).

Guggenheim BulletShares 2011 Corporate Bond ETF (BSCB) has a designated maturity year of 2011 and will terminate after its last day of trading on December 29, 2011.  In connection with the termination, BSCB will make a cash distribution to then-current shareholders of its net assets after making appropriate provisions for any liabilities (summary page).

Disclosure covering writer, editor, and publisher:  Long BSCB until the end.  No positions in any of the securities mentioned.  No positions in any of the companies or ETF sponsors mentioned.  No income, revenue, or other compensation (either directly or indirectly) received from, or on behalf of, any of the companies or ETF sponsors mentioned.

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