Barclays solicits consents for iPath Dow Jones - UBS Coffee ETNs

By Angela McDaniels

Tacoma, Wash., Feb. 11 - Barclays Bank plc began a consent solicitation for its iPath Dow Jones - UBS Coffee Subindex Total Return exchange-traded notes, according to a company news release.

Holders are being asked to consent to amendments that would give Barclays the right to redeem all, but not less than all, of the outstanding ETNs prior to maturity and the right to initiate a split or reverse split of the ETNs.

If approved, the amendments would also reduce the minimum number of ETNs required to be redeemed in order to exercise the put option to 50,000 ETNs from 30,000 ETNs and reduce the investor fee to 0.70% per year times the principal amount times the relevant index factor, calculated on a daily basis.

The current investor fee is 0.75% per year times the principal amount times the relevant index factor, calculated on a daily basis.

Consents are being solicited from each person in whose name beneficial ownership was recorded as of 5 p.m. ET on Jan. 28.

The consent solicitation is scheduled to end on March 31. It will end sooner if the approval of holders of a majority in principal amount of the ETNs is received and Barclays declares the proposed amendment to be effective.

Broadridge Financial Solutions, Inc. (www.proxyvote.com or 855-601-2252) is the solicitation agent and tabulation agent.

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