Carl N. Miller III, a third generation Wall Street professional and a founding shareholder and principal of Teucrium Trading, LLC, (Teucrium) will ring the New York Stock Exchange Opening Bell on Monday, July 12, 2010, at 9:30 a.m. ET in celebration of the firm’s recent launch of the Teucrium Corn Fund (NYSE ticker: CORN) on the NYSE Arca. He will be joined by Sal Gilbertie, co-founder and president of Teucrium, Dale Riker, co-founder and treasurer of Teucrium, as well as senior executives and other advisors of the firm.
The fund, which was launched June 9, 2010, is the first domestic single corn Exchange-Traded Product (“ETP”) available for institutional investors, pension funds, endowments and foundations as well as registered investment advisors and individual investors seeking pure exposure to corn without having to open a futures account. The fund, a single-commodity agriculture ETP, offers investors capacity in a highly liquid and transparent investment vehicle.
In commenting on the occasion, Gilbertie said, “We are thrilled to have this opportunity to celebrate the launch of the Teucrium Corn Fund by ringing The Opening Bell at the NYSE. As a designer of next generation commodity investment products, we’re excited about applying our team’s extensive commodities trading experience, track record and unique approach to this fund.”
A live webcast of the Opening Bell ceremony will be available for viewing on the home page of the NYSE’s website beginning at 9:29 a.m. ET.
About Teucrium Trading, LLC
Teucrium Trading, LLC (Teucrium) is the premier issuer of next generation ETPs. Teucrium designs investment vehicles that offer transparency via the intraday indicative value which provides ready access to the underlying holdings and liquidity as the CORN ETP trades throughout the day. With today’s ever evolving commodities markets’ landscape, we believe Teucrium has the experience to deliver ETPs for the most reliable investing and hedging without the use of leverage. For more information, please visit: www.teucriumcornfund.com.
The investment objective of the Fund is to have the daily changes in percentage terms of the Shares’ net asset value (“NAV”) reflect the daily changes in percentage terms of a weighted average of the closing settlement prices for three futures contracts for corn (“Corn Futures Contracts”) that are traded on the Chicago Board of Trade (“CBOT”), specifically (1) the second to expire CBOT Corn Futures Contract, weighted 35%, (2) the third-to-expire CBOT Corn Futures Contract, weighted 30%, and (3) the CBOT Corn Futures Contract expiring in the December following the expiration month of the third-to-expire contract, weighted 35%, less the Fund’s expenses. This weighted average of the three referenced Corn Futures Contracts is referred to as the “Benchmark,” and the three Corn Futures Contracts that at any given time make up the Benchmark are referred to as the “Benchmark Component Futures Contracts.”
Investors should read the prospectus for CORN for more complete information about CORN, including risks, expenses, and other important terms. In addition, there can be no guarantee that CORN will be able to achieve its investment goals. A copy of the prospectus may be obtained at http://www.teucriumcornfund.com/pdfs/corn-prospectus.pdf, by contacting the fund toll-free at 888-219-8861.
CORN has no operating history, so there is no performance history to serve as a basis for you to evaluate an investment in the Trust. Investing in Corn Interests subjects CORN to the risks of the corn market, and this could result in substantial fluctuations in the price of CORN’s Shares. Unlike mutual funds, CORN generally will not distribute dividends to Shareholders. Investors may choose to use CORN as a means of investing indirectly in corn, and there are risks involved in such investments. The Sponsor has never operated a commodity pool, which is defined as an enterprise in which several individuals contribute funds in order to tradefutures or futures options collectively. Investors may choose to use CORN as a vehicle to hedge against the risk of loss and there are risks involved in hedging activities.
Commodities and futures generally are volatile and are not suitable for all investors.
The TEUCRIUM Corn Fund is not a mutual fund or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation there under.
Shares of the TEUCRIUM Corn Fund are not FDIC insured, may lose value and have no bank guarantee.
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Bill Blase, 212-221-1079