ETFs on the London Stock Exchange will be liquidated on the 5th of April

The affected ETFs are:……..

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LYXOR ETF EURO STOXX 50 TR – C-EUR, LU0533031968

LYXOR ETF S&P GSCI AGRICULTURE & LIVESTOCK 3M F, LU0692028615

LYXOR ETF S&P GSCI AGGREGATE INVERSE 1M F, LU0721446861

LYXOR ETF S&P GSCI INVERSE AGRICULTURE & LIVE 1M F, LU0692027484

LYXOR ETF S&P GSCI INVERSE INDUSTRIAL METALS 1M F, LU0692029852

The  board of directors of the Company (the “Board of Directors”)  hereby  informs the  shareholders  of the Sub-Funds  (the  “Shareholders”) of the following:  
The Board of Directors has been informed that (i) the value of the net assets in the Sub-Funds has decreased to an amount determined  by the directors to be below the minimum level for such Sub-Funds to be operated in an economically efficient manner and (ii) current  changes in the economic or political situation relating to the Sub-Funds concerned would likely have material adverse consequences on  the investments of that Sub-Funds.
Taking note of the situation, the Board of Directors has resolved, pursuant to Article 35 of the Company’s articles of incorporation,  to  compulsorily redeem all the shares of all the classes issued in the Sub-Funds and to liquidate the Sub-Funds effective on April 5, 2013.
The last net asset value of the Sub-Funds will be calculated on April 8, 2013, on the basis of the valuation of the assets on April 5,  2013.
The Board of Directors remind the Shareholders that The Sub-Funds are listed on the stock exchanges as set out in the table above.   The Board of Directors will request or have requested the delisting of the shares, to the relevant stock exchange.
The delisting of the Sub-Funds from all stock exchanges as listed in the table above, including from the official list of the Luxembourg  Stock Exchange and their withdrawal from the trading on the BdL Market of the Luxembourg Stock Exchange will be effective on April  2, 2013.
The Board of Directors informs the Shareholders that the expenses in relation to the liquidation of the Sub-Funds will be borne by the  management company, Lyxor Asset Management Luxembourg S.A..   It is foreseen that the liquidation proceeds will be paid to Shareholders on or about April 12, 2013.
Proceeds which  cannot be distributed to  the Shareholders will be deposited with the Caisse de Consignation  for the benefit of the  Shareholder. Amounts so deposited shall be forfeited in accordance with Luxembourg Law.  
In accordance with regulatory requirements,  the liquidation of the Sub-Fund should be closed within 9 months of the effective date,  such period of time being extendable subject to regulatory approval.

Source: ETFWorld.co.uk  -LyxorETF