The title pretty much says it all. I've been trying to figure out what's going to happen to my ETN's now and I haven't found a clear answer yet, so I'm hoping someone on here knows the procedure as I've never been through this process before.
etfdailynews.com says the following:
The bottom line is, anyone who owns these two products should liquidate their positions immediately, before a large number of potential problems begin to arise. A lack of liquidity and a heavy discount or premium to underlying net asset value (NAV) are just a couple of the issues that will manifest themselves after delisting.
But the article doesn't talk about how you actually get rid of them. Best case scenario I would just trade them in for the new UWT ETN's that are taking their place, but it doesn't sound like that's an option.
I contacted my broker, but haven't heard from them, and probably won't over the weekend, so I figured I'd try here as well :)
Submitted December 09, 2016 at 08:10PM by ElectricOrangeJuice http://ift.tt/2h7KRgt
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