ETRACS Alerian MLP Index ETN Class B ( (AMUB) ) has shared an update.
On May 31, 2024, Credit Suisse AG merged with UBS AG, with UBS AG as the absorbing entity, resulting in the cessation of Credit Suisse AG. This merger, executed under Swiss law, involved no exchange of shares as both entities were wholly owned by UBS Group AG. The merger is classified as a common control transaction under IFRS 3, and UBS AG applied the carry over basis for accounting, consistent with Swiss regulations. The unaudited pro forma financial information for the year ending December 31, 2024, was prepared to illustrate the merger’s impact, showing a combined net profit of $730 million. However, these figures are for illustrative purposes and do not represent actual or future financial conditions.
More about ETRACS Alerian MLP Index ETN Class B
YTD Price Performance: 10.80%
Average Trading Volume: 3,370
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