On October 15, 2015 an Agreement and Plan of Reorganization (the Agreement)
was unanimously approved by the Board of Trustees (the Board) of Rydex ETF
Trust (the Trust) providing for the reorganization of the Xxxxxxxxxx
Xxxxxxx 0000 Equal Weight ETF (the Acquired Fund) with and into the
Guggenheim S&P 500 Equal Weight ETF (the Surviving Fund), each a
separate series of the Trust. The Agreement provides for: (a) the transfer
of the assets and stated liabilities of the Acquired Fund in exchange for
shares of the Surviving Fund and cash in lieu of fractional shares of the
Surviving Fund, and (b) the pro rata distribution of shares of the
Surviving Fund and cash in lieu of fractional shares of the Surviving Fund
by the Acquired Fund to its shareholders, in complete liquidation of the
Acquired Fund (the Reorganization). The decision of the Board to
reorganize the Acquired Fund was not subject to shareholder approval.
However, an Information Statement that contained more information about the
Reorganization and the Surviving Fund was mailed to Acquired Fund shareholders.
The Reorganization was completed prior to the open of business
on January 27, 2016.
