UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) March 30, 2012
CurrencyShares® Chinese Renminbi Trust
Sponsored by Guggenheim Specialized Products, LLC,
d/b/a Guggenheim Investments
(Exact name of registrant as specified in its charter)
New York | 001-35304 | No. 45-6344265 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) | ||
805 King Farm Boulevard, Suite 600 Rockville, Maryland |
20850 | |||
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (301) 296-5100
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230 .425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 | Other Events. |
Effective as of March 30, 2012, Rydex Specialized Products LLC, d/b/a Rydex Investments, sponsor of the CurrencyShares® Chinese Renminbi Trust (the Trust), will change its name to Guggenheim Specialized Products, LLC, d/b/a Guggenheim Investments. A copy of the press release issued by Guggenheim Investments announcing the name change is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 | Financial Statements and Exhibits. |
The following is filed as an Exhibit to this Report:
99.1 | Press Release dated as of March 30, 2012 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CURRENCYSHARES® | ||||||||
CHINESE RENMINBI TRUST | ||||||||
By: | Guggenheim Specialized Products, LLC Sponsor of the CurrencyShares® Chinese Renminbi Trust | |||||||
March 30, 2012 | By: | /s/ Nikolaos Bonos | ||||||
Nikolaos Bonos | ||||||||
Chief Executive Officer |
Exhibit 99.1
FOR IMMEDIATE RELEASE
GUGGENHEIM INVESTMENTS TO RENAME RYDEX SPECIALIZED PRODUCTS
GUGGENHEIM SPECIALIZED PRODUCTS
NEW YORK March 30, 2012 Guggenheim Investments, the investment management division of Guggenheim Partners, LLC, today announced that effective Friday, March 30, 2012 Rydex Specialized Products LLC, the sponsor of the firms CurrencyShares® product line-up, will officially be renamed Guggggenheim Specialized Products, LLC.
This rebranding comes as a part of Rydex|SGIs integration into Guggenheim Partners, LLC to form Guggenheim Investments. The names and tickers of the eight CurrencyShares® Trusts are as follows:
Name |
Ticker | |
CurrencyShares® Australian Dollar Trust |
FXA | |
CurrencyShares® British Pound Sterling Trust |
FXB | |
CurrencyShares® Canadian Dollar Trust |
FXC | |
CurrencyShares® Chinese Renminbi Trust |
FXCH | |
CurrencyShares® Euro Trust |
FXE | |
CurrencyShares® Japanese Yen Trust |
FXY | |
CurrencyShares® Swedish Krona Trust |
FXS | |
CurrencyShares® Swiss Franc Trust |
FXF |
Guggenheim Investments offers a diverse exchange traded product (ETP) line-up and is the eighth largest U.S. ETP provider with more than $11 billion in exchange traded assets.1
CurrencyShares® offer investors and institutions a convenient and cost-effective method of gaining investment benefits similar to that of holding foreign currencies, including potential diversification and hedging benefits. More details about the products are available at: www.currencyshares.com
Guggenheim Investments
Guggenheim Investments represents the investment management businesses of Guggenheim Partners, LLC, which consist of investment managers with approximately $127 billion in combined total assets.2 Collectively, Guggenheim Investments has a long, distinguished history of serving institutional investors, ultra-high-net-worth individuals, family offices and financial intermediaries. Guggenheim Investments offers clients a wide range of differentiated capabilities built on a proven commitment to investment excellence. Guggenheim Investments has offices in Chicago, New York City and Santa Monica, along with a global network of offices throughout the United States, Europe, and Asia.
Shares of each CurrencyShares® Trust may not be suitable for all investors. The value of the shares of each CurrencyShares® Trust relates directly to the value of the foreign currency held by the particular Trust. This creates a concentration risk associated with fluctuations in the price of the applicable foreign currency. Accordingly, a decline in the price of that currency will have an adverse effect on the value of the shares of the particular CurrencyShares® Trust. Factors that may have the effect of causing a decline in the price of a foreign currency include national debt levels and trade deficits, domestic and foreign inflation rates, domestic and foreign interest rates, investment and trading activities of institutions and global or regional political, economic or financial events and situations. Shares of each CurrencyShares® Trust can be bought and sold through a broker; as such, investors may be required to pay brokerage commissions in connection with a purchase or sale. There can be no assurance that an active trading market for the shares of any CurrencyShares® Trust will develop or be maintained. For a more complete discussion of risk factors applicable to each CurrencyShares® Trust, carefully read the particular Trusts prospectus.
The CurrencyShares® Australian Dollar (FXA) Trust, CurrencyShares® British Pound Sterling (FXB) Trust, CurrencyShares® Canadian Dollar (FXC) Trust, CurrencyShares® Chinese Renminbi (FXCH) Trust, CurrencyShares® Euro (FXE) Trust, CurrencyShares® Japanese Yen (FXY) Trust, CurrencyShares® Swedish Krona (FXS) Trust, CurrencyShares® Swiss Franc (FXF) Trust (each a Trust and collectively, the Trusts) has filed a registration statement (including a prospectus) with the SEC for the offerings to which this communication relates. Before you invest in the shares of a Trust, you should read the prospectus in the registration statement and other documents the Trust has filed with the SEC for more complete information about the Trust and its offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, you may click the links above or the Trust will arrange to send you its prospectus if you request it by calling toll-free 800.820.0888.
The CurrencyShares® Trusts are distributed by Rydex Distributors, LLC (RDL). Guggenheim Investments represents the investment management businesses of Guggenheim Partners, LLC (GP), which includes Security Investors, LLC (SI). Guggenheim Specialized Products, LLC (GSP), the Sponsor for the CurrencyShares® Trusts, is a wholly owned subsidiary of SI. Rydex Distributors, LLC, is affiliated with GP, SI and GSP.
Not FDIC Insured No Bank Guarantee May Lose Value.
For general inquiries please contact:
Jeaneen Pisarra
Guggenheim Investments
917.386.0387
Jeaneen.pisarra@guggenheiminvestments.com
1 | Sources: BlackRock and Guggenheim Investments analysis. As of 12/31/2011 |
2 | The total asset figure is as of Q4 2011 and includes $8.8B of leverage for Assets Under Management and $0.8B of leverage for Serviced Assets. Total assets includes Security Investors (d/b/a, Security Global Investors and Rydex Investments), Guggenheim Partners Asset Management, Guggenheim Investment Management, Guggenheim Funds and its affiliated entities, and some business units including Guggenheim Real Estate, Guggenheim Structured Real Estate Advisors, Guggenheim Aviation, GS GAMMA Advisors, Guggenheim Partners Europe, Transparent Value Advisors, and Guggenheim Partners India Management. Values from some funds are based upon prior periods. |