In addition, such purchasers that hold a number of ETNs not evenly divisible by twenty will receive a cash payment for any fractional ETNs remaining (the "partials"). History Related Open. Previous Close. The reverse split will affect the trading denominations of NRGU but it will not have any effect on the stated principal amount of the ETNs, except that the stated principal amount will be reduced by the corresponding aggregate amount of any cash payments for the "partials.". The Notes are senior, unsecured obligations of Bank of Montreal. Specifically, the fund tracks three times the underlying index, which selects the 10 largest qualifying stocks and even weights them. See our Privacy Policy and Terms and Conditions. NEW YORK, Oct. 2, 2020 /PRNewswire/ - Bank of Montreal (TSX: BMO)(NYSE: BMO) today announced that it will implement a 1-for-20 reverse split of its MicroSectors™ U.S. Big Oil Index 3X Leveraged ETNs (NYSE: NRGU) (the "ETNs" or "Notes"), expected to be effective as of October 12, 2020.

NRG Energy, Inc. Common Stock (NRG) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. MicroSectors™ U.S. Big Oil Index 3X Leveraged ETNs due March 25, 2039. The split followed four consecutive quarters of reported profitability for Tesla, and a season where Musk clashed with health authorities in California over Covid-19 restrictions that temporarily shut down their vehicle assembly plant in Fremont. ... Bank of Montreal Announces the Reverse Split of NRGU ETNs Please read those documents and the other documents relating to the Notes that Bank of Montreal has filed with the SEC for more complete information about Bank of Montreal and the Notes.

Holders of NRGU who purchased such ETNs prior to October 12, 2020 will receive one reverse split-adjusted ETN for every twenty pre-reverse split ETNs. This is common when The fund rebalances daily. Bank of Montreal will pay these amounts on or about October 21, 2020. NRGU / MicroSectors US Big Oil 3x Leveraged ETN financial ratios include Market Cap, © 2020, Nasdaq, Inc. All Rights Reserved. Stock splits are used by MicroSectors US Big Oil 3x Leveraged ETN to keep share prices within reasonable numbers to encourage Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Fintel® provides advanced research tools for data-driven investors © 2015-2020 Fintel Ventures LLC. Return on Invested Capital (ROIC), If the share price of a security gets too high, a company can perform a stock split by issuing all shareholders an extra share, thereby halving the price of an individual share. Investors should consult with their own financial advisors as to these matters. Investment suitability must be determined individually for each investor, and the Notes may not be suitable for all investors. The closing indicative value of an ETN is not the same as the principal amount (currently, $50) or the trading price of that ETN. When autocomplete results are available use up and down arrows to review and enter to select.

About REXREX Shares is an independent provider of exchange-traded products (ETPs).

The closing indicative value of NRGU on October 9, 2020 will be multiplied by twenty to determine the reverse split-adjusted closing indicative value.

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