VelocityShares Daily Inverse VIX Short Term ETN (XIV)

[MaineMan5]

7 trading days counting today until Accelerated Valuation Date on which the distribution is based - unless reading the below incorrectly. It's a little confusing as they talk about Acceleration Date and Accelerated Valuation Date. The way I read it is the Indicative Value (not what the last trade is) is calculated after business on Feb 15 ($5.32 as of yesterday and is the accelerated valuation date). That amount per share then gets distributed on the 21st (acceleration date). This was from C/S directly:

"The acceleration date is expected to be February 21, 2018. The date of the delivery of the irrevocable call notice, which is expected to be February 15, 2018, will constitute the accelerated valuation date, subject to postponement due to certain events. The acceleration date for XIV is expected to be February 21, 2018, which is three business days after the accelerated valuation date. On the acceleration date, investors will receive a cash payment per ETN in an amount equal to the closing indicative value of XIV on the accelerated valuation date. The last day of trading for XIV is expected to be February 20, 2018."