News & Press

06/06/2018

Global X Proxy Info

As concerned and proactive advisors, we felt it imperative to reach out regarding a recent communication from Global X Funds. Seeking to provide access to high-quality and cost-efficient investment solutions, Global X is a New York-based sponsor of exchange-traded funds (ETFs). Global X is recognized as a leader in developing intelligent investment solutions for our clients. Earlier this year, we added an Exchanged-Traded Fund (ETF) to your managed portfolio, Robotics & Artificial Intelligence ETF, which is managed by Global X Funds.

While written in generally vague language complete with legal jargon, the letter, is simply meant to encourage you, the shareholder, to vote. A proxy proposal to merge several management companies is being proposed, one of which is associated with your investment.  For this merger to be completed, Global X needs you (the shareholder) to vote and approve the merger. By voting “yes” you are agreeing to the new investment advisory agreement with Global X.  While CORA Capital Advisors cannot advise you to vote either yes or no, we felt obligated to inform you that you will continue receiving communications from Global X until that vote occurs.

To view a full proxy document of this proposal, click here. But, in summary:

Global X Funds is asking that you vote on their merger with MAGI and would like you to:

1: Acknowledge the new investment advisory agreement with Global X Funds

2. Global X Funds is asking that you vote for the addition of four new board members that will be replacing the current board members, as outlined in the original mailing.

In order to place your vote you just need to call (800) 967-5068 and an associate at Global X will help you place your vote Monday through Friday, 9:00 a.m. to 10:00 p.m., Eastern time.

If you have further questions regarding this you can reach us at 856-513-8600.

Contributor: Kelly-Anne Shoaf