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  3. Announcement Regarding the Merger of USO ETFs

Announcement Regarding the Merger of USO ETFs

Date 2019-09-10 02:02:45
Hello. This is Macqwerty, your gateway to global overseas investments.

We would like to inform you regarding the merger of the USO ETF (United States-listed ETF that tracks crude oil prices) which took place on April 28th after market close, at a ratio of 8 to 1.

[1] The merger of USO shares was successfully completed at a ratio of 8 to 1 after market close on April 28th. As a result, starting from April 29th, the price per share will be multiplied by 8, while the quantity will be reduced to 1/8. We kindly ask our shareholders to take this into account.

[2] For our valued shareholders of USO, as previously communicated, we have adjusted the quantity of USO shares held in each account by a multiple of 8 before the merger. This adjustment has been made within a range that ensures the stability of portfolios, and we are pleased to announce that this has been executed safely.

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