VAN ECK® GLOBAL AND MERRILL LYNCH ENTER AGREEMENT REGARDING OIL SERVICES HOLDRS TRUST (OIH) AND FIVE OTHER HOLDRS® Investors in Six HOLDRS to be Asked to Exchange into Market Vectors® ETFsAgreement Regarding Oil Services Holdrs Trust and Other Holdrs • August 15th, 2011 • Internet Architecture Holdrssm Trust • Services-business services, nec
NEW YORK, (August 12, 2011) – Van Eck Global and Merrill Lynch & Co., a subsidiary of Bank of America Corporation ("Merrill Lynch"), have entered into an agreement relating to Merrill Lynch-sponsored HOLding Depository ReceiptS (“HOLDRS”). Van Eck’s Market Vectors ETF Trust plans to offer investors in six HOLDRS -- Oil Services (OIH), Semiconductor (SMH), Pharmaceutical (PPH), Biotech (BBH), Retail (RTH), and Regional Bank (RKH) -- the opportunity to exchange their shares in these funds for shares of new Market Vectors exchange-traded funds (ETFs). These HOLDRS had approximately $3.65 billion in aggregate assets and a combined 30-day average daily trading volume of approximately 20.07 million shares as of the close of trading on August 11, 2011. Terms of the transaction were not disclosed.
