Barclays to delist nine iPath ETNs from Toronto Stock Exchange

By Angela McDaniels

Tacoma, Wash., May 15 - Barclays Bank plc has elected to delist nine series of iPath exchange-traded notes from the Toronto Stock Exchange, according to a company news release.

The following ETNs will be delisted after the close of trading on May 26:

• iPath CBOE S&P 500 BuyWrite Index ETNs (Toronto: BWV);

• iPath EUR/USD Exchange Rate ETNs (Toronto: ERO);

• iPath GBP/USD Exchange Rate ETNs (Toronto: GBX);

• iPath JPY/USD Exchange Rate ETNs (Toronto: JYN);

• iPath Optimized Currency Carry ETNs (Toronto: II);

• iPath S&P 500 VIX Mid-Term Futures ETNs (Toronto: VXZ);

• iPath S&P 500 VIX Short-Term Futures ETNs (Toronto: VXX);

• iPath US Treasury Flattener ETNs (Toronto: FFL); and

• iPath US Treasury Steepener ETNs (Toronto: SST).

The ETNs will continue to trade on the NYSE Arca Exchange after they have been delisted from the Toronto Stock Exchange.

Barclays made the decision to delist the ETNs from the Toronto Stock Exchange because "investors have shown a preference for trading U.S. dollar-denominated ETNs on a U.S. exchange," Ian Merrill, Barclays head of ETNs, Americas, said in the news release.

Redemption

Barclays announced on May 1 that it will redeem its Canadian-dollar denominated iPath ETNs.

The following ETNs will be redeemed on May 23:

• iPath S&P 500 VIX Short-Term Futures CAD Hedged ETNs;

• iPath S&P 500 Dynamic VIX CAD Hedged ETNs; and

• iPath Pure Beta Crude Oil CAD Hedged ETNs.

"Canadian investors continue to prefer our U.S. dollar-denominated ETNs over the Canadian dollar-denominated ETNs," and Barclays will redeem the three ETNs "due to a lack of investor demand," Merrill said in a May 1 news release.

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