WisdomTree Announces ETF Share Splits
December 09 2021 - 9:00AM
WisdomTree (NASDAQ: WETF), an exchange-traded product (“ETP”)
sponsor and asset manager, today announced forward share splits on
the WisdomTree U.S. Total Dividend Fund (DTD) and the WisdomTree
U.S. LargeCap Dividend Fund (DLN). Forward splits increase the
number of shares outstanding and decrease the price per share. The
splits will not change the total value of a shareholder’s
investment.
The stock splits will apply to shareholders of record as of the
close of the markets on December 20, 2021, payable after the close
of the markets on December 22, 2021. Shares will trade at their
post-split price on December 23, 2021.
Ticker |
Fund Name |
NAV per Share (as of
12/8/2021) |
Split Ratio |
DTD |
WisdomTree U.S. Total Dividend Fund |
$125.96 |
2:1 |
DLN |
WisdomTree U.S. LargeCap Dividend Fund |
$128.14 |
2:1 |
The following table illustrates the effect of a hypothetical
2-for-1 forward share split:
Period |
Number of Shares Owned |
Hypothetical Price per Share |
Total Value of Shares |
Pre-Split |
100 |
$100.00 |
$10,000 |
Post-Split |
200 |
$50.00 |
$10,000 |
The WisdomTree Capital Markets team is continually evaluating
the suite of WisdomTree funds for potential operational or other
changes that seek to benefit investors, with particular focus on
ETF trading.
Anita Rausch, WisdomTree Head of Capital Markets, said, “As the
share prices of DTD and DLN have increased since their inception in
2006, we believe splitting the funds’ price 2:1 has the potential
to result in tighter bid/ask spreads for the benefit of all
investors. Furthermore, the lower price point of the funds allow
for a smaller minimum investment, as well as further ease when
rebalancing ETF portfolios, among other potential benefits.”
Investors should carefully consider the investment
objectives, risks, charges and expenses of the Funds before
investing. To obtain a prospectus for WisdomTree Funds containing
this and other important information, please call 866.909.9473 or
visit WisdomTree.com to view or download a prospectus. Investors
should read the prospectus carefully before
investing.There are risks associated with investing,
including the possible loss of principal. Funds focusing their
investments on certain sectors increase their vulnerability to any
single economic or regulatory development related to such sector.
This may result in greater share price volatility. Please read the
Fund’s prospectus for specific details regarding the Fund’s risk
profile.
WisdomTree Funds are distributed by Foreside Fund Services, LLC,
in the U.S. only.Anita Rausch is a registered representative of
Foreside Fund Services, LLC.
Bid/Ask Spread: This is essentially the difference in price
between the highest price that a buyer is willing to pay for an
asset and the lowest price for which a seller is willing to sell
it.
WTPR -20211124-0152
About WisdomTree
WisdomTree Investments, Inc. through its subsidiaries in the
U.S. and Europe (collectively, “WisdomTree”), is an ETF and ETP
sponsor and asset manager headquartered in New York. WisdomTree
offers products covering equity, commodity, fixed income, leveraged
and inverse, currency, cryptocurrency and alternative strategies.
WisdomTree currently has approximately $75.8 billion in assets
under management globally. For more information, please visit
www.wisdomtree.com or follow us on Twitter @WisdomTreeETFs.
WisdomTree® is the marketing name for WisdomTree Investments,
Inc. and its subsidiaries worldwide.
Contact Information:Media RelationsWisdomTree
Investments, Inc. Jessica Zaloom
+1.917.267.3735jzaloom@wisdomtree.com /
wisdomtree@fullyvested.com
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