ETF Deathwatch<\/a> every month for more than two years. The closures should not come as a surprise to anyone. The only possible surprise is that it took so long to finally come about. At the end of last month, the three products had total combined assets of about $5.5 million, with the majority residing in BVT.<\/p>\nAccording to the press release on the ELEMENTS website dated August 22, holders of the ETNs as of August 23, 2011 will receive a cash payment in an amount equal to the redemption values listed above. The payment is expected to be made on August 26, 2011. For anyone acquiring shares yesterday or today, the value to be received is not clear.<\/p>\n
Disclosure covering writer, editor, and publisher: 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.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"With little warning, the three ELEMENTS Ben Graham ETNs have been called for immediate redemption. Today (8\/25\/11) is the last day of trading, although their redemption values have already been defined. The NYSE was notified just yesterday (8\/24\/11) that the exchange-traded notes, issued by Deutsche Bank, were called for redemption effective August 26, 2011. ELEMENTS …<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"acf":[],"_links":{"self":[{"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/pages\/2151"}],"collection":[{"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/comments?post=2151"}],"version-history":[{"count":0,"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/pages\/2151\/revisions"}],"wp:attachment":[{"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/media?parent=2151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}