CoreShares Delists 300K DIVTRAX ETF Securities in Portfolio Streamlining Move

  • CoreShares Index Tracker Managers will delist 300,000 CoreShares DIVTRAX ETF securities from the JSE, streamlining their portfolio and enhancing operational efficiency.
  • The delisting will take place on June 27, 2023, at an issue price of R20.89 per security, leaving 9,365,470 DIVTRAX ETF securities in circulation.
  • CoreShares aims to optimize their product offerings and provide greater value to shareholders while remaining a leading investment manager in South Africa.

In a strategic move aimed at optimizing their portfolio and enhancing operational efficiency, CoreShares Index Tracker Managers (RF) Proprietary Limited has announced the delisting of 300,000 CoreShares DIVTRAX ETF securities from the Johannesburg Stock Exchange (JSE). The delisting process will begin on Tuesday, June 27, 2023, at an issue price of R20.89 per security.

The CoreShares DIVTRAX ETF, which focuses on dividend-yielding stocks, has been a popular investment option for many market participants. Despite the delisting of these securities, the ETF will continue to operate, providing investors with exposure to a diversified range of dividend-paying companies listed on the JSE.

Managed by CoreShares Index Tracker Managers (RF) Proprietary Limited, the CoreShares Index Tracker Collective Investment Scheme is registered in accordance with the Collective Investment Schemes Control Act, 45 of 2002. This regulatory framework ensures compliance and investor protection.

This delisting decision showcases CoreShares’ commitment to streamlining their product offerings and aligning them with market demands. By reducing the number of available shares, the company aims to enhance value for its shareholders and solidify its position as a leading investment manager in South Africa.

The remaining 9,365,470 CoreShares DIVTRAX ETF securities in circulation after the delisting will continue to provide investors with an opportunity to generate income through dividends. CoreShares encourages affected investors to consult with their financial advisors to explore potential alternatives and understand the implications of the delisting based on their individual circumstances and long-term investment goals.

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