Market Vectors to Split Shares of Its Intermediate, Long and Short Municipal Bond ETFs (Business...

Friday October 10, 4:45 pm ET NEW YORK--(BUSINESS WIRE)--Van Eck Global announced today that the Board of Trustees of the Market Vectors ETF Trust has approved a split of the shares of: Market Vectors-Lehman Brothers AMT-Free Intermediate Municipal Index ETF (ticker: ITM), Market Vectors-Lehman Brothers AMT-Free Long Municipal Index ETF (ticker: MLN), and Market Vectors-Lehman Brothers AMT-Free Short Municipal Index ETF (ticker: SMB). These splits will take place for shareholders of record as of the close of business on October 21, 2008, and will be payable on October 23, 2008. Fund shares will begin trading on a split-adjusted basis on October 24, 2008. Shareholders will see the change in their holdings sometime after that date, depending upon their brokerage firms’ procedures. ITM closed yesterday at $95.87 and will split... [read full story]