M&A - Macquarie ETF Trust

Form Type: DEF 14A

Filing Date: 2025-07-09

Corporate Action: Acquisition

Type: New

Accession Number: 000120677425000440

Filing Summary: A joint special meeting of shareholders of Macquarie ETF Trust and each of its series will be held on September 10, 2025, to discuss a proposal regarding the acquisition by Nomura Holding America Inc. of Macquarie’s US and European public investments business, including Delaware Management Company (DMC), the Funds' investment adviser. Shareholders, who were of record as of July 3, 2025, are encouraged to vote on a new investment advisory agreement for each Fund, which is necessary due to the automatic termination of current agreements upon the acquisition close. The proposal does not change management fees or investment objectives but ensures continuity of advisory services. Following the approval, the Funds will be renamed to reflect Nomura's branding. The transaction is pending customary approvals and is expected to close by October 31, 2025, contingent on such approvals.

Form Type: PRE 14A

Filing Date: 2025-06-20

Corporate Action: Acquisition

Type: New

Accession Number: 000120677425000428

Filing Summary: The document announces a joint special meeting of shareholders for the Macquarie ETF Trust scheduled for September 10, 2025. Shareholders will vote on the proposal regarding the acquisition of the US and European public investments business of Macquarie Asset Management by Nomura Holding America Inc. The transaction, valued at approximately $1.8 billion, is expected to close on or about October 31, 2025, subject to regulatory approvals. Upon closing, all current investment advisory agreements will automatically terminate, leading to the need for new investment advisory agreements with Delaware Management Company to be approved by shareholders. The management fee rates and the fundamental investment objectives will not change. The document emphasizes the importance of shareholder votes and provides details on voting procedures and participation.

Form Type: 497K

Filing Date: 2025-06-18

Corporate Action: Acquisition

Type: Update

Accession Number: 000120677425000423

Filing Summary: On June 18, 2025, Macquarie ETF Trust included a supplement to the Fund’s Summary Prospectus regarding an agreement for Nomura Holding America Inc. to acquire Macquarie Asset Management’s US and European public investments business. This transaction will lead to the termination of the Fund’s investment advisory agreement with Delaware Management Company (DMC). To prepare for this, on June 12, 2025, the Trust’s Board of Trustees approved a new investment advisory agreement, pending shareholder approval, which would take effect upon the closing of the transaction. Shareholders will receive proxy materials for a special meeting to vote on this new agreement, expected to be mailed by late July 2025. The Board also approved interim arrangements for DMC to continue providing advisory services for a limited time post-transaction. Additionally, name changes were approved for the Fund and the Trust to reflect the new partnership with Nomura. The document notes that further information about the transaction's timing will be shared later and emphasizes the importance of reviewing the proxy statement upon availability.

Form Type: 497

Filing Date: 2025-06-12

Corporate Action: Acquisition

Type: Update

Accession Number: 000120677425000408

Filing Summary: Macquarie ETF Trust is updating its Summary Prospectus, Statutory Prospectus, and Statement of Additional Information in light of an acquisition by Nomura Holding America Inc. of Macquarie Asset Management’s US and European public investments business. The closing of this transaction will automatically terminate each Fund’s investment advisory agreement with Delaware Management Company (DMC). Subsequently, on June 12, 2025, the Trust’s Board of Trustees approved a new investment advisory agreement for each Fund, which will take effect pending shareholder approval. Shareholders will be sent proxy materials for a special meeting to consider this agreement. An interim investment advisory agreement with DMC was also approved to provide advisory services for a limited duration. Additionally, the Board has proposed significant name changes for the Funds, transitioning from 'Macquarie' to 'Nomura', effective upon the transaction's closing. The timing for the transaction's closing will be communicated in a future fund supplement, and shareholders are encouraged to consult their tax professionals regarding any tax implications related to the investment.

Form Type: 497K

Filing Date: 2025-06-12

Corporate Action: Acquisition

Type: Update

Accession Number: 000120677425000409

Filing Summary: On June 12, 2025, Macquarie ETF Trust's Board of Trustees approved a new investment advisory agreement for each Fund in anticipation of the acquisition of Macquarie Asset Management’s US and European public investments business by Nomura Holding America Inc. This acquisition will automatically terminate the current investment advisory agreement with Delaware Management Company (DMC). The Board also approved an interim advisory agreement, allowing DMC to provide services for up to 150 days or until the new agreement is approved by shareholders. Name changes for all Funds to incorporate 'Nomura' in lieu of 'Macquarie' were approved, reflecting the acquisition. Proxy materials will be mailed to shareholders for a special meeting to vote on these changes, expected in July 2025. Further details on the transaction's closing were promised in a future fund supplement.

Form Type: 497K

Filing Date: 2025-06-12

Corporate Action: Acquisition

Type: Update

Accession Number: 000120677425000410

Filing Summary: On June 12, 2025, Macquarie ETF Trust's Board of Trustees approved a new investment advisory agreement for each fund of the Trust, which is set to be implemented upon the completion of an acquisition deal by Nomura Holding America Inc. of Macquarie Asset Management’s US and European public investments business. This agreement is pending shareholder approval. The transaction will lead to the termination of the current investment advisory agreement with Delaware Management Company (DMC). Shareholders will receive proxy materials for a special meeting to vote on the new advisory agreement, likely mailed in late July 2025. An interim advisory agreement between the Trust and DMC was also approved, effective upon the transaction’s closing, allowing DMC to provide services for up to 150 days or until the new agreement is approved. Additionally, the Board has approved various name changes for the ETFs of the Trust to incorporate the Nomura brand upon the transaction's closing. These changes include renaming Macquarie ETF Trust to Nomura ETF Trust and altering the names of various specific funds within the Trust to reflect this branding shift.

Form Type: 497K

Filing Date: 2025-06-12

Corporate Action: Acquisition

Type: Update

Accession Number: 000120677425000411

Filing Summary: On June 12, 2025, Macquarie ETF Trust's Board of Trustees approved a new investment advisory agreement for each Fund, effective upon the shareholder approval related to the acquisition of Macquarie Asset Management’s US and European public investments business by Nomura Holding America Inc. The current investment advisory agreements with Delaware Management Company will terminate automatically with this transaction. Shareholders will receive proxy materials for a special meeting to approve the new advisory agreements. An interim advisory agreement has also been approved to allow DMC to continue providing services until the new agreements are effective. The document mentions upcoming name changes for the Funds to reflect the new ownership by Nomura, and that further details on the transaction's closing will be provided in future communications.

Form Type: 497K

Filing Date: 2025-06-12

Corporate Action: Acquisition

Type: New

Accession Number: 000120677425000412

Filing Summary: On June 12, 2025, Macquarie ETF Trust's Board of Trustees approved a new investment advisory agreement for each fund in anticipation of Nomura Holding America Inc.'s acquisition of Macquarie Asset Management's US and European public investments business. This acquisition will lead to the automatic termination of the existing investment advisory agreements with Delaware Management Company (DMC). Shareholders will receive proxy materials to approve the new advisory agreement, with the mailing of these materials expected in late July 2025. An interim investment advisory agreement with DMC was approved, effective at the time of the transaction, allowing DMC to provide services for up to 150 days or until the new agreement is approved. Additionally, several name changes for each fund have been proposed, reflecting the transition to Nomura branding, which will take place upon closing the transaction. Further details on the transaction's closing will be shared in future communications.

Form Type: 497K

Filing Date: 2025-06-12

Corporate Action: Acquisition

Type: Update

Accession Number: 000120677425000413

Filing Summary: Macquarie ETF Trust announces a corporate action related to the acquisition of Macquarie Asset Management’s US and European public investments business by Nomura Holding America Inc. The closing of this transaction will automatically terminate each Fund’s investment advisory agreement with Delaware Management Company (DMC). In anticipation of this closure, the Trust’s Board approved a new investment advisory agreement for each Fund, pending shareholder approval, which will take effect at the transaction's closing. Shareholders will receive proxy materials for an upcoming special meeting to vote on this agreement. The Board also approved an interim advisory agreement, effective at the time of the transaction, allowing DMC to provide advisory services for a limited time. Name changes for several funds have been proposed, changing 'Macquarie' to 'Nomura.' Further updates about the transaction’s closing will be communicated in future fund supplements.

Form Type: 497K

Filing Date: 2025-06-12

Corporate Action: Acquisition

Type: New

Accession Number: 000120677425000414

Filing Summary: On June 12, 2025, Macquarie ETF Trust's Board of Trustees approved a new investment advisory agreement for each Fund in anticipation of Nomura Holding America Inc.'s acquisition of Macquarie Asset Management’s US and European public investments business. This acquisition will lead to the automatic termination of existing investment advisory agreements with Delaware Management Company (DMC). The proxy materials for a shareholder meeting, aimed at approving the new advisory agreement, are expected to be mailed in late July 2025. Along with this, the Board has approved interim advisory agreements allowing DMC to provide services temporarily. Name changes for the funds are also scheduled, transforming current names to include 'Nomura,' reflecting the ongoing acquisition. The closing details of the transaction will be provided in a future fund supplement.

Form Type: 497

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000120677425000234

Filing Summary: On April 21, 2025, Macquarie Group Limited, along with certain affiliates and Nomura Holding America Inc., announced an agreement for Nomura to acquire the US and European public investments asset management business of Macquarie Asset Management. The transaction is subject to customary closing conditions, including obtaining necessary regulatory approvals, and is expected to close by the end of October 2025, although this is subject to change. The closing of the transaction will automatically terminate each Fund's investment advisory agreement with Delaware Management Company, prompting the Board of Trustees to consider a new investment advisory agreement. This agreement will be subject to shareholder approval and will take effect upon the closing of the transaction.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: Update

Accession Number: 000120677425000235

Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent of Delaware Management Company, alongside certain affiliates and Nomura Holding America Inc., announced their agreement for Nomura to acquire the US and European public investments asset management business of Macquarie Asset Management. The transaction is contingent upon customary closing conditions, including necessary regulatory approvals. It is anticipated to close by the end of October 2025, though this timeline may change. Following this acquisition, the existing investment advisory agreements with DMC will automatically terminate, prompting the Board of Trustees to approve new investment advisory and sub-advisory agreements. If these new agreements receive Board approval, they will be presented to Fund shareholders for consideration just prior to the closing of the transaction.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: Update

Accession Number: 000120677425000236

Filing Summary: On April 21, 2025, Macquarie Group Limited, along with Delaware Management Company (DMC) and Nomura Holding America Inc., announced an agreement for Nomura to acquire the US and European public investments asset management business of Macquarie Asset Management. The transaction is contingent on customary closing conditions and regulatory approvals, with an expected closing by the end of October 2025. The completion of this transaction will lead to the automatic termination of the investment advisory agreements between DMC and the Funds, necessitating Board approval for new agreements. Shareholder approval will also be sought for these new agreements to take effect upon closing.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000120677425000237

Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), announced an agreement for Nomura Holding America Inc. to acquire the US and European public investments asset management business of Macquarie Asset Management. This transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close by the end of October 2025, though this is subject to change. As a result of this acquisition, there will be an automatic termination of each Fund's investment advisory agreement with DMC under the Investment Company Act of 1940. Following this, the Board of Trustees will need to approve a new investment advisory agreement, which will then be presented to Fund shareholders for approval. This new agreement would take effect upon the transaction’s closing. Additionally, the document advises that investors should consult tax professionals regarding potential tax consequences related to investments in a fund or distribution checks.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000120677425000238

Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), announced an agreement for Nomura Holding America Inc. to acquire the US and European public investments asset management business of Macquarie Asset Management. The transaction is subject to customary closing conditions, including regulatory approvals and is expected to close by the end of October 2025. The closing will result in the automatic termination of each Fund’s investment advisory agreement with DMC. A new investment advisory agreement will require Board approval and, if approved, will be presented to Fund shareholders to take effect upon transaction closing. There are no guarantees provided by any of the Macquarie entities regarding investments.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000120677425000239

Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), announced an agreement with Nomura Holding America Inc. for the acquisition of the US and European public investments asset management business of Macquarie Asset Management. This acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to close by the end of October 2025. The closing of this transaction will lead to the automatic termination of the investment advisory agreements for each fund managed by DMC, necessitating the approval of new advisory agreements by the Board of Trustees and the fund shareholders. Investors are advised to consult with tax professionals regarding the tax implications of their investments or distributions. The document also emphasizes that none of the Macquarie entities involved are authorized deposit-taking institutions and that investments carry inherent risks, including potential loss of principal and income.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000120677425000240

Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), announced that it, along with certain affiliates and Nomura Holding America Inc., has entered into an agreement for Nomura to acquire the US and European public investments asset management business of Macquarie Asset Management. The transaction is contingent upon customary closing conditions, including the receipt of necessary regulatory approvals, and is expected to finalize by the end of October 2025, though this timeline may change. If the transaction closes, it will automatically terminate each Fund’s investment advisory agreement with DMC, necessitating Board approval for new advisory agreements which, if approved, will be presented to Fund shareholders for their approval. The document contains important disclaimers regarding investment risks and the lack of guarantees by Macquarie Bank Limited regarding the performance of investments.