SUPPLEMENT DATED SEPTEMBER 4, 2015 TO
THE PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
OF MARKET VECTORS ETF TRUST
DATED FEBRUARY 1, 2015
This Supplement updates certain information contained in the above-dated Prospectus and Statement of Additional Information for Market Vectors ETF Trust (the “Trust”) regarding Market Vectors MSCI International Quality ETF, Market Vectors MSCI Emerging Markets Quality Dividend ETF, Market Vectors MSCI International Quality Dividend ETF and Market Vectors MSCI Emerging Markets Quality ETF (each, a “Fund” and collectively, the “Funds”), each a series of the Trust. You may obtain copies of the Funds’ Prospectus and Statement of Additional Information free of charge, upon request, by calling toll-free 1.888.MKT.VCTR or by visiting the Van Eck website at www.marketvectorsetfs.com.
At a meeting held on September 3, 2015, the Board of Trustees of the Trust unanimously approved the termination and winding down of each Fund, which is expected to happen on or about October 28, 2015. Each Fund will, to the extent necessary, distribute all of its income and any capital gains and dividends earned by each Fund and not previously distributed prior to liquidation (the “Final Distribution”).
After the close of business on Friday, September 18, 2015, each Fund will no longer accept creation orders. This is also expected to be the last day of trading of shares of each Fund on NYSE Arca, Inc. (“NYSE Arca”). Shareholders should be aware that when each Fund commences liquidation, which is expected to occur on or about Monday, September 21, 2015, it will no longer pursue its stated investment objective or engage in any business activities except for the purposes of selling and converting into cash all of the assets of the Fund, paying its liabilities, and distributing its remaining proceeds or assets to shareholders (the “Liquidating Distribution”). During this period, each Fund is likely to incur higher tracking error than is typical for the Fund. Furthermore, during the time between market open on Monday, September 21, 2015 and Wednesday, October 28, 2015, shareholders will be unable to dispose of their shares on NYSE Arca.
Shareholders may sell their holdings of each Fund, incurring typical transaction fees from their broker-dealer, on NYSE Arca until market close on Friday, September 18, 2015, at which point each Fund’s shares will no longer trade on NYSE Arca and the shares will be subsequently delisted. Shareholders who continue to hold shares of each Fund on that Fund’s liquidation date will receive a Liquidating Distribution (if any) with a value equal to their proportionate ownership interest in the Fund on that date. Each Fund’s liquidation and payment of the Liquidating Distribution may occur prior to or later than the dates listed above and, in such case, shareholders will be notified of such change.
The tax consequences to shareholders with respect to the Final Distribution (if any) will generally be the same as is normally the case with respect to the payment of dividends by each Fund. Shareholders who receive a Liquidating Distribution generally will recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares. Please consult your personal tax advisor about the potential tax consequences.
Shareholders should call the Funds’ distributor, Van Eck Securities Corporation at 1.888.MKT.VCTR for additional information.
Please retain this supplement for future reference.