Exchange-traded fund sponsor and asset manager WisdomTree anticipates a special capital gains distribution for the WisdomTree Dreyfus New Zealand Dollar Fund (BNZ).
The distribution is a reflection of the gains from the Fund’s current investment strategy of providing exposure to the movement of the New Zealand Dollar as of the Fund’s fiscal year ended 31 August, 2011.
The distribution was scheduled for December but has been accelerated in light of the Fund’s upcoming investment objective change to mark a clear demarcation between the strategy of the existing currency fund and its conversion into a bond fund. Effective as of the market open on 25 October, 2011, the WisdomTree Dreyfus New Zealand Dollar Fund (BNZ) will be renamed the WisdomTree Australia & New Zealand Debt Fund (AUNZ) and will offer broad-based exposure to local currency debt of Australia and New Zealand.
