Teucrium Trading, LLC To Ring NYSE Opening Bell On July 12, 2010
Carl N. Miller III, a third generation Wall Street professional and a founding shareholder and principal of Teucrium Trading, LLC, (Teucrium) will ring the New York Stock Exchange Opening Bell on Monday, July 12, 2010, at 9:30 a.m. ET in celebration of the firm’s recent launch of the Teucrium Corn Fund (NYSE ticker: CORN) on the NYSE Arca. He will be joined by Sal Gilbertie, co-founder and president of Teucrium, Dale Riker, co-founder and treasurer of Teucrium, as well as senior executives and other advisors of the firm.
The fund, which was launched June 9, 2010, is the first domestic single corn Exchange-Traded Product (“ETP”) available for institutional investors, pension funds, endowments and foundations as well as registered investment advisors and individual investors seeking pure exposure to corn without having to open a futures account. The fund, a single-commodity agriculture ETP, offers investors capacity in a highly liquid and transparent investment vehicle.
In commenting on the occasion, Gilbertie said, “We are thrilled to have this opportunity to celebrate the launch of the Teucrium Corn Fund by ringing The Opening Bell at the NYSE. As a designer of next generation commodity investment products, we’re excited about applying our team’s extensive commodities trading experience, track record and unique approach to this fund.”
A live webcast of the Opening Bell ceremony will be available for viewing on the home page of the NYSE’s website beginning at 9:29 a.m. ET.About Teucrium Trading, LLC Teucrium Trading, LLC (Teucrium) is the premier issuer of next generation ETPs. Teucrium designs investment vehicles that offer transparency via the intraday indicative value which provides ready access to the underlying holdings and liquidity as the CORN ETP trades throughout the day. With today’s ever evolving commodities markets’ landscape, we believe Teucrium has the experience to deliver ETPs for the most reliable investing and hedging without the use of leverage. For more information, please visit: www.teucriumcornfund.com. The investment objective of the Fund is to have the daily changes in percentage terms of the Shares’ net asset value (“NAV”) reflect the daily changes in percentage terms of a weighted average of the closing settlement prices for three futures contracts for corn (“Corn Futures Contracts”) that are traded on the Chicago Board of Trade (“CBOT”), specifically (1) the second to expire CBOT Corn Futures Contract, weighted 35%, (2) the third-to-expire CBOT Corn Futures Contract, weighted 30%, and (3) the CBOT Corn Futures Contract expiring in the December following the expiration month of the third-to-expire contract, weighted 35%, less the Fund’s expenses. This weighted average of the three referenced Corn Futures Contracts is referred to as the “Benchmark,” and the three Corn Futures Contracts that at any given time make up the Benchmark are referred to as the “Benchmark Component Futures Contracts.”
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