Listing Alert
MIAX Options
November 04, 2016 | 10:02 AM
MIAX Corporate Action Alert: iShares Mortgage Real Estate Capped ETF (REM)
iShares Mortgage Real Estate Capped ETF (REM) has announced a 1-for-4 reverse stock split. The reverse stock split will become effective on Monday, November 7, 2016. On that date, the current REM options class will change to REM1. The MIAX Options Exchange will not list REM1 options. Therefore, no options on REM will be available for trading on the MIAX Options Exchange on Monday, November 7, 2016. The new REM options series will resume trading on the MIAX Options Exchange on Tuesday, November 8, 2016.
All GTC orders resting on the MIAX order book in REM will be canceled at the close of business on Friday, November 4, 2016.
Additional details about the iShares Mortgage Real Estate Capped ETF (REM) reverse stock split are provided in the attached OCC Memo.
Please contact MIAX Options Listings with any questions at Listings@miaxglobal.com or (609) 897-7308.