0050 to Split 1-for-4, Reducing Cost to Approximately 40,000 NTD per Unit

In the spotlight are six products exceeding 10 billion NTD in scale and high market interest, including 0050, 006208, 00692, 00850, 00922, and 00923, all performing well in the past month. On the 24th, Yuanta Investment Trust announced the approval of the share split proposal for the largest ETF in Taiwan, "Yuanta Taiwan 50" (0050), which passed with a 94.2% vote. The split will go 1-for-4, during which trading will be suspended from June 11 to June 17, and will resume on June 18.
Since its inception on June 25, 2003, at an issuance price of 36.98 NTD, 0050's current closing price stands at 161.9 NTD, having reached a peak of 206 NTD. It is a significant core asset for long-term investments and asset allocation in Taiwan, with approximately 1.084 million beneficiaries and an asset size of 483.287 billion NTD. The passing of this split proposal will facilitate greater participation from younger and smaller investors.
According to Yuanta Investment Trust's announcement, the total number of beneficial rights units that participated in the vote was 1,453,016,468, accounting for 54.16% of the total issued beneficial rights. The number of beneficial rights units in favor was 1,369,265,383, making up 94.23% of those present; opposed votes totaled 36,083,369 units, or 2.48%; and 47,667,716 units were abstained, accounting for 3.28%. Following the approval, the per-share net asset value of 0050 will be divided by 4 based on the net asset value from the beneficiary meeting on April 24. Current shareholders will see their share quantity multiplied by 4, maintaining the total asset value of the ETF, while new investors can expect the per unit cost of 0050 to drop to around 40,000 NTD.