iFreeETF S&P500 Inverse [2238.T]
TOKYO, Apr 14 (Pulse News Wire) – iFreeETF S&P500 Inverse (2238.T) announced changes to its investment trust agreement terms effective June 04, 2026. The modifications aim to prevent fractional discrepancies during settlement processes related to debt obligations under the ETF liquidation system administered by Nippon Securities Kuriaringu Kikou.
Under the revised terms, the minimum subscription units for additional subscriptions and partial redemptions will shift from a per-share basis to a multiple of the base price quote shares. Specifically, the new requirement mandates a minimum of 500 shares in multiples of ten instead of the previous single share increments. This adjustment applies solely to direct applications made to the trustee and does not affect trading methods on the Tokyo Stock Exchange.
The regulatory filing with the Financial Services Agency was completed by June 03, 2026. Notably, the amendment does not necessitate a formal resolution due to its non-material nature according to the Investment Trusts and Investment Corporations Act. In detail, the updated clause states that designated sales companies, comprising securities firms and registered financial institutions, can now accept subscription requests for 500 shares or more in multiples of ten.
Similarly, beneficiaries can request partial redemptions within the stipulated timeframe in multiples of ten shares rather than individual shares.
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