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Van Eck to close five Market Vectors ETFs

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Van Eck Global is planning to close and liquidate five Market Vectors ETFs. The Board of Trustees of Market Vectors ETF Trust has approved the liquidation and dissolution of the funds.

The funds to close are: Market Vectors Bank and Brokerage ETF, Market Vectors Colombia ETF, Market Vectors Germany Small-Cap ETF, Market Vectors Latin America Small-Cap Index ETF and Market Vectors Renminbi Bond ETF.

Shareholders of the Funds may sell their holdings on NYSE Arca Inc. (“NYSE Arca”) until market close on 12 December, 2014, and they may incur typical transaction fees from their broker-dealer. The Funds’ shares will no longer trade on NYSE Arca after market close on December 12, 2014, and the shares will subsequently be de-listed. Shareholders who continue to hold shares of any of the Funds on the Funds’ liquidation date, which is expected to be on or about December 23, 2014, will receive a liquidating distribution of cash in the cash portion of their brokerage accounts equal to the amount of the net asset value of their shares. Proceeds from the liquidation are currently scheduled to be sent to shareholders on or about 23 December, 2014. For tax purposes, shareholders will generally recognise a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares. Information regarding the final tax status of distributions will be provided to shareholders with the year-end tax reporting of the funds.

Shareholders who hold shares of CHLC at market close on 8 December , 2014 will also receive a final distribution of net income and capital gains earned by the Fund and not previously distributed prior to liquidation. This distribution is currently scheduled to paid on 15 December, 2014. The final tax status of distributions made by CHLC, including the liquidating distribution, will be provided to shareholders with the year-end tax reporting for CHLC (including any portion which may be treated as a return of capital for tax purposes, reducing a shareholder’s basis in such shares).

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