Replies to post #1322 on VelocityShares Daily Inverse VIX Short Term ETN (XIV)

[MaineMan5]

I don't think it will be the closing price from last night, I wish it was. Here is from an earlier post with the official CS release language. It sounds like the distribution will be the "indicative value" as of the "accelerated valuation date" of Feb 15 and then payable Feb 21 after the 3 day settlement period. The indicative value as of last night was $4.22.

http://www.velocitysharesetns.com/xiv

"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.