Market Vectors Family of Municipal Bond ETFs Announces Distributions
September 24 2008 - 10:33AM
Business Wire
The Market Vectors ETF Trust announced regular monthly
distributions today for three 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
October 1, 2008 October 3, 2008 October 7, 2008 � � Distribution �
Distribution Amount FUND Ticker � Frequency � Per Share Market
Vectors-Lehman Brothers AMT-Free Intermediate Municipal Index ETF
ITM Monthly $0.278 � Market Vectors-Lehman Brothers AMT-Free Long
Municipal Index ETF MLN Monthly $0.351 � Market Vectors-Lehman
Brothers AMT-Free Short Municipal Index ETF SMB Monthly $0.110 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 three ETFs, the Market
Vectors-Lehman Brothers AMT-Free Intermediate Municipal Index ETF,
Market Vectors-Lehman Brothers AMT-Free Long Municipal Index ETF
and the Market Vectors-Lehman Brothers AMT-Free Short 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 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. 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, 99 Park Avenue, New York, NY 10016
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