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Entry into a Material Definitive Agreement. |
On December 10, 2020, WisdomTree Commodity Services, LLC (the “Managing Owner”), on behalf of WisdomTree Continuous Commodity Index Fund (the “Fund”) entered into an Agreement and Plan of Reorganization (the “Plan”) with WisdomTree Trust, a Delaware statutory trust, on behalf of its series, WisdomTree Enhanced Commodity Strategy Fund (the “Acquiring Fund”), which Plan was approved by the Fund’s shareholders.
Pursuant to the Plan, the Fund will reorganize into and with the Acquiring Fund and each shareholder of the Fund will become a shareholder of the Acquiring Fund. The Plan provides for, among other things, the following actions in order to effectuate the Reorganization: (i) the Fund will redeem its interests in WisdomTree Continuous Commodity Index Master Fund (the “Master Fund”), and the Master Fund will liquidate its portfolio investments and pay the cash proceeds to the Fund in satisfaction of its redemption request; (ii) all of the assets of the Fund, which will consist of cash, will be transferred to the Acquiring Fund in exchange for shares of the Acquiring Fund (having an aggregate net asset value equal to the aggregate value of the assets that the Fund transferred to the Acquiring Fund) and the Acquiring Fund’s assumption of all of the Fund’s liabilities, if any, as set forth in the Plan; (iii) the Fund will then distribute those shares
to the Fund record shareholders, causing them to become shareholders of the Acquiring Fund; and (iv) the outstanding shares of the Fund held by Fund shareholders will then automatically be canceled and the Fund will be terminated and dissolved.
The Fund expects that the effective date of the Plan will occur as soon as all conditions precedent to the Plan have been satisfied or waived in accordance with the terms of the Plan and that the Fund’s
distribution of Acquiring Fund shares to the Fund’s record shareholders may occur as soon as December 21, 2020.
The foregoing is a summary of the material terms of the Plan. This summary highlights only certain substantive provisions of the Plan and is not intended to be a complete description of the Plan. This summary is qualified in its entirety by reference to the full text of the Plan, which is attached hereto as Exhibits 2.1 and incorporated by reference herein. Defined terms not defined herein have the meaning set forth in the Plan.
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Financial Statements and Exhibits. |