Market Vectors Family of Municipal Bond ETFS Announces Distributions
January 25 2008 - 10:22AM
Business Wire
The Market Vectors ETF Trust announced regular monthly
distributions today for two ETFs within the Market Vectors Family
of Municipal Bond ETFs*. The following dates apply to today�s
distribution declarations: Ex-Date � Record Date � Payable Date
February 1, 2008 February 5, 2008 February 7, 2008 � Ticker �
Dividend Frequency � Dividend Amount Per Share FUND � Market
Vectors-Lehman Brothers AMT-Free Intermediate Municipal Index ETF
ITM Monthly $ 0.337 � Market Vectors-Lehman Brothers AMT-Free Long
Municipal Index ETF MLN Monthly $ 0.299 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, only two ETFs, the Market Vectors-Lehman Brothers
AMT-Free Intermediate Municipal Index ETF and the Market
Vectors-Lehman Brothers AMT-Free Long 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. Van Eck mutual funds are sold nationwide through
retail brokers, financial planners and investment advisors.
Designed for investors seeking innovative choices for portfolio
diversification, they are often categorized in asset classes having
returns with low correlations to those of more traditional U.S.
equity and fixed income investments. Van Eck also offers
exchange-traded funds, separate accounts and alternative
investments. In addition, it offers the Worldwide Insurance Trust
Funds, a series of investment choices within the variable annuity
contracts and variable life policies of widely known and highly
regarded insurers. 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 changes, local business or
economic conditions, conditions in underlying sectors, bankruptcy
or other changes in the financial condition of the issuer, and/or
the discontinuance of the taxation supporting the project or assets
or the inability to collect revenues for the project or from the
assets. Municipal bonds are also subject to credit risk, interest
rate risk, call risk, lease obligations and tax risk. The market
for municipal bonds may be less liquid than for taxable bonds.
There is no guarantee that a fund�s income will be exempt from
federal or state income taxes or the alternative minimum tax.
Federal or state changes in income or 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. For a more
complete description of these and other risks, please refer to each
fund�s prospectus. 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. 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, 99
Park Avenue, New York, NY 10016
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