Global X Funds Announces Reverse Splits For Six ETFs

NEW YORK, May 2, 2013 /PRNewswire/ -- Global X Funds, the New York based provider of exchange traded funds (ETFs), announced today that its Board of Trustees has approved reverse share splits for six of its ETFs. The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined below.

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The firm will execute a 1-for-4 reverse split of the shares of the Global X Gold Explorers ETF (GLDX) for shareholders of record after the close of the markets on Wednesday, May 15, 2013.  The firm will also execute a 1-for-3 reverse split of the shares of the Global X Uranium ETF (URA) and Global X Junior Miners ETF (JUNR), and a 1-for-2 reverse split of the shares of the Global X FTSE Argentina 20 ETF (ARGT), Global X China Materials ETF (CHIM) and Global X Pure Gold Miners ETF (GGGG) for shareholders of record after the close of the markets on Wednesday, May 15, 2013.

A summary of the six ETFs undergoing reverse splits is as follows:
(Please note the CUSIP changes, effective May 16, 2013)

Hypothetical Example of 1-for-4 reverse split:

1-for-4 Reverse Split

Redemption of Fractional Shares and Tax Consequences for Each Reverse Split

As a result of the reverse splits, a shareholder of each ETF could potentially hold a fractional share. However, fractional shares cannot trade on NYSE Arca. Thus, each ETF will redeem for cash a shareholder's fractional shares at the Fund's split-adjusted NAV. Such redemptions could cause a shareholder to realize a gain or loss. Otherwise, the reverse splits will not result in a taxable transaction for holders of ETF shares. No transaction fee will be imposed on shareholders for such redemptions.

"Odd Lot" Unit

As a result of the reverse splits, the ETFs will have outstanding one aggregation of less than 50,000 shares to make a creation unit, or an "odd lot unit." Thus, each ETF will provide one authorized participant with a one-time opportunity to redeem the respective odd lot unit at its split-adjusted NAV, or at the NAV on such date the authorized participant seeks to redeem the odd lot unit.

ABOUT GLOBAL X FUNDS

Global X Funds is a New York-based provider of exchange-traded funds that facilitates access to investment opportunities across the global markets. With $1.7 billion in managed assets and over 100,000 investors from more than 100 countries as of February 22, 2013, Global X Funds currently offers exchange-traded funds that target Commodity Producers, International, Alternatives, Industry, Income, and Asset Allocation fund suites. For more information, please visit www.globalxfunds.com

Investing involves risk, including the possible loss of principal. International investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Narrowly focused investments may be subject to higher volatility.  There are additional risks associated with investing in base and precious metals as well as their respective mining industries.

Carefully consider the Funds' investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Funds' prospectus, which may be obtained by calling 1-888-GX-FUND-1 (1.888.493.8631), or by visiting www.globalxfunds.com. Read the prospectus carefully before investing.

Global X Management Company, LLC serves as the adviser to the Global X Funds.  The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Global X Management Company or any of its affiliates.

SOURCE Global X Funds