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MAXIS Nikkei 225 Index Fund to close

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The Board of Trustees of Precidian ETFs Trust has decided to liquidate and shutter the MAXIS Nikkei 225 Index Fund, due to the Fund's inability to attract sufficient investment assets. 

Precidian Funds LLC, the investment advisor to the Fund, believes it cannot continue to conduct the Fund's operations in an economically efficient manner.  As a result, the Board concluded that liquidating and shuttering the Fund would be in the best interests of the Fund and its shareholders.
 
Shares of the Fund will stop trading on the NYSE Arca, Inc., and will no longer be open to purchase by investors, at the close of regular trading on 11 March, 2016.  Shareholders may sell their holdings in the Fund prior to the closing date, and those transactions are subject to customary brokerage charges.  Between the closing date and the liquidation date, shareholders may only be able to sell their shares to certain broker-dealers and there is no assurance that there will be a market for the Fund during that time period. 
 
On 25 March, 2016, the Fund will liquidate its assets and distribute cash pro rata to shareholders who have not previously redeemed their shares. These payments are taxable and will include any accrued capital gains and dividends. The Fund will close when the distributions are complete.
 
The process of closing down and liquidating the Fund's portfolio, scheduled to take place between March 12, 2106 and March 25, 2016, will result in the Fund not tracking its underlying index and experiencing an increase in cash holdings.  These developments may not be consistent with the Fund's investment objective and strategy.

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