February 2, 2010 (FinancialWire) — Old Mutual Global Shares Trust said that its board has approved a five-for-one stock split of the shares of GlobalShares FTSE Emerging Markets Fund (the Fund) shares (NYSE: GSR).

Each shareholder of record at the close of business on February 10th, 2010 will receive four additional shares for every one outstanding share held. The payable date for the additional shares will be February 16th, 2010. Trading will begin on a split-adjusted basis on February 17th, 2010.

The NYSE/Arca ticker symbols will remain GSR for the Fund. The CUSIP number will also remain the same.

The split is designed to make the Fund more accessible to investors. Based on the Fund’s closing share price on January 28th, 2010, the split-adjusted price as of such date would have been $19.73. It is intended that this will increase liquidity.

The Fund seeks investment results that correspond (before fees and expenses) generally to the performance of the equity index called the FTSE Developed ex US Index.

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.