ETF fund dissolves bankrupt 0 value per share. DCR?

Question

what is going to happen to dcr? the price per share is currently .01 but how can it go to zero if it has 1.5 billion in assets? this etf was suppose to dissolve when oil finished above 111$/barrel three consecutive days which it did months back. any explanation on if this can still be bought or sold and what value shareholders still have would be appreciated. thanks!!

Answer 1

What are the funds' liabilities?  That's what reduces the NAV to zero.

These macro shares were a stupid idea and Claymore should have known they wouldn't work.

Answer 2

I read that the fund has more than 1.5 billion, but how much I don't know. It is most probably that all these assets will go to honour the fund liabilities, which make the NAV around 0.

This article may have enough details you may be interested in reading:

http://biz.yahoo.com/pz/080626/145367.ht...

Answer 3

You need to call your broker immediately and ask these questions. Don't trust the information you would get from a forum like this. How do you know who is answering, and whether the information they give you is reliable? The other way to get some answers is to go on the ETF website. Go to the Claymore website, and input the ticker. Also, try the NASDAQ website. This particular ETF was rated as one of the worst ones, ever. Good luck to you.

Answer 4

The final distribution amounts will be announced on June 30, 2008.