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IndexIQ Announces March 2014 M&A Deal Holdings In IQ Merger Arbitrage ETF (Ticker: MNA)


IndexIQ, a leading developer of index-based alternative investment solutions, today announced the mergers and acquisitions (M&A) deals to which investors can gain exposure in the IQ Merger Arbitrage ETF (Ticker: MNA). MNA was the industry’s first exchange-traded fund (ETF) to give investors exposure to global corporate M&A activity, which is rapidly increasing.

MNA has more than four years of live performance, having launched on November 17, 2009, while its underlying index, the IQ Merger Arbitrage Index, has more than six years of live performance, having launched on October 31, 2007.

MNA was designed to provide capital appreciation by investing in global companies for which there has been a public announcement of a takeover by an acquirer, a strategy generally known as “merger arbitrage.” This strategy generally seeks to take advantage of the price differential, where it exists, between the current trading price of a stock and the price of that stock at the time the deal is completed.

As of March 5, 2014, the deals that were added to and removed from the IQ Merger Arbitrage ETF are as follows:

MNA Deals Added to MNA ETF                      
Target   Acquirer   Target   Target   Announce   Added
Name   Name   Sector   Country   Date   Date
Aaron's, Inc.   Vintage Capital Management LLC   Financials   United States   02/07/2014   03/05/2014
AMCOL International Corporation   Minerals Technologies, Inc.   Basic Materials   United States   02/14/2014   03/05/2014
ArthroCare Corporation   Smith & Nephew Plc   Health Care   United States   02/03/2014   03/05/2014
Aurora Oil & Gas Limited   Baytex Energy Corp.   Energy   Australia   02/06/2014   03/05/2014
Barnes & Noble, Inc.   G Asset Management LLC   Consumer Cyclicals   United States   02/21/2014   03/05/2014
Cadence Pharmaceuticals, Inc.   Mallinckrodt Plc   Health Care   United States   02/11/2014   03/05/2014
Emeritus Corporation   Brookdale Senior Living, Inc.   Health Care   United States   02/20/2014   03/05/2014
Forest Laboratories, Inc.   Actavis Plc   Health Care   United States   02/18/2014   03/05/2014
Time Warner Cable Inc.   Comcast Corp.   Consumer Staples   United States   02/13/2014   03/05/2014
TriQuint Semiconductor, Inc.   RF Micro Devices, Inc.   Technology   United States   02/24/2014   03/05/2014
Zale Corporation   Signet Jewelers Ltd.   Consumer Cyclicals   United States   02/19/2014   03/05/2014
MNA Deals Removed from MNA ETF                    
Target Acquirer Announce Added Deal
Name   Name   Sector   Country   Date   Date   Result
Responsys, Inc.   Oracle Corp.   Technology   United States   12/20/2013   01/06/2014   Completed
Coleman Cable, Inc.   Southwire Co.   Capital Goods   United States   12/20/2013   01/06/2014   Completed
CEC Entertainment, Inc.   Apollo Global Management LLC   Consumer Staples   United States   01/16/2014   02/05/2014   Completed
American Pacific Corporation   H.I.G. Capital Management, Inc.   Basic Materials   United States   01/10/2014   02/06/2014   Completed
Paladin Labs Inc.   Endo Health Solutions, Inc.   Health Care   Canada   11/05/2013   12/04/2013   Completed
Zoltek Companies, Inc.   Toray Industries, Inc.   Basic Materials   United States   09/26/2013   10/03/2013   Completed
Algeta ASA   Bayer AG   Health Care   Norway   11/26/2013   12/04/2013   Completed
CommonWealth REIT   Corvex Management LP   Financials   United States   02/26/2013   04/03/2013   Max Age
Gentium S.p.A. Sponsored ADR   Jazz Pharmaceuticals Plc   Health Care   Italy   12/19/2013   01/06/2014   Completed
Shoppers Drug Mart Corporation   Loblaw Cos. Ltd.   Consumer Staples   Canada   07/15/2013   08/05/2013   Completed
UNIT4 N.V.   Advent International Corp.   Technology   Netherlands   11/18/2013   12/04/2013   Completed

“Historically, investors have not had broad access to capitalize on mergers and acquisitions activity in an ETF,” said Adam Patti, chief executive officer at IndexIQ. “The Merger Arbitrage ETF is a hedged strategy designed to take advantage of price disparities that exist in merger activity and strengthen investor portfolios by buying below the target price and realizing the capital appreciation if the deal closes at or above the target price. As such a strategy had not historically been accessible in an ETF before the launch of MNA more than four years ago, we are very excited about providing investors with this liquid, transparent, low cost, and easily tradable product.”

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