The Guggenheim EW Euro-Pacific LDRs ETF (EEN) - formerly the Claymore/BNY Mellon EW Euro-Pac LDRs ETF - appears to be trading at a discount to NAV. According to the last reported NAV value (EEN.NV), the NAV per share is showing $19.2099 as of the time this article is being published. The closing price on EEN from yesterday was $19.25, placing the ETF at a 3.7% discount to NAV.
The top holding of this ETF is Crucell N.V. (CRXL). On October 6, Johnson & Johnson (NYSE:JNJ) and Crucell N.V. announced an agreement whereby Johnson & Johnson would acquire all outstanding equity of Crucell that it does not already own for approximately euro 1.75 billion in a recommended cash tender offer.
The ETF also holds Elan Corp (NYSE:ELN), Melco Crown Entertainment (NASDAQ:MPEL), amongst other ADRs.
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