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TheStreet Open House

IndexIQ Announces April 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 April 2, 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
Accelrys, Inc. Dassault Systemes SA Health Care United States 01/30/2014 04/03/2014
ATMI, Inc. Entegris, Inc. Technology United States 02/04/2014 04/03/2014
Bourbon SA JACCAR Holdings SA Energy France 03/17/2014 04/03/2014
EPL Oil & Gas, Inc. Energy XXI (Bermuda) Ltd. Energy United States 03/12/2014 04/03/2014
LIN Media LLC Class A Media General, Inc. Consumer Staples United States 03/21/2014 04/03/2014
Olam International Limited Temasek Holdings Pte Ltd. Consumer Staples Singapore 03/14/2014 04/03/2014
Pohjola Bank Plc Class A OP-Pohjola Group Central Cooperative Financials Finland 02/06/2014 04/03/2014
Portugal Telecom, SGPS S.A. Oi SA Communication Services Portugal 10/02/2013 04/03/2014
Scania AB Class B Volkswagen AG Capital Goods Sweden 02/21/2014 04/03/2014
Schawk, Inc. Class A Matthews International Corp. Consumer Staples United States 03/17/2014 04/03/2014
Singapore Land Ltd.   United Industrial Corp. Ltd. (Singapore)   Financials   Singapore   02/24/2014   04/03/2014
 
               
MNA Deals Removed from MNA ETF                    
Target   Acquirer Announce Added Deal
Name   Name   Sector   Country   Date   Date   Result
Patheon Inc. Royal DSM NV Health Care Canada 11/19/2013 12/04/2013 Completed
Cadence Pharmaceuticals, Inc. Mallinckrodt Plc Health Care United States 02/11/2014 03/05/2014 Completed
Medica SA Korian SA Health Care France 11/18/2013 12/04/2013 Completed
PVR Partners, L.P. Regency Energy Partners LP Energy United States 10/10/2013 11/05/2013 Completed
Pacer International, Inc. XPO Logistics, Inc. Transportation United States 01/06/2014 02/06/2014 Completed
Xyratex Ltd Seagate Technology Plc Technology Bermuda 12/23/2013 01/06/2014 Completed
Beam Inc. Kotobuki Realty Co., Ltd. Consumer Staples United States 01/13/2014 02/06/2014 Completed
Hi-Tech Pharmacal Co., Inc. Akorn, Inc. Health Care United States 08/27/2013 09/05/2013 Completed
Sterling Financial Corporation Umpqua Holdings Corp. Financials United States 09/11/2013 10/03/2013 Max Age
Tokyo Electron Ltd.   Applied Materials, Inc.   Technology   Japan   09/24/2013   10/03/2013   Max Age
 

“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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