FlexShares Announces Liquidation of an Exchange Traded Fund

Northern Trust’s FlexShares Exchange Traded Funds announced the liquidation and termination of the FlexShares ESG & Climate Emerging Markets Core Index Fund (Ticker: FEEM) (the “Fund”). Prior to and through the close of regular trading (the “Close of Trading”) on the NYSE Arca, Inc. (“NYSE Arca”) on or about April 23, 2024 (the “Closing Date”), the Fund will undertake the process of closing down and liquidating its portfolio.

Upon the close of business on or about April 19, 2024, the Fund will discontinue accepting orders for the purchase of creation units. Trading of the Fund’s shares will be suspended prior to the open of regular trading (i.e., 9:30 a.m., Eastern time) on the NYSE Arca on April 24, 2024. Accordingly, the final date of trading of the Fund’s shares on the NYSE Arca will be April 23, 2024. Shareholders may sell their shares on or before the Close of Trading on April 23, 2024, and may incur customary brokerage charges associated with such sales.

Shareholders who do not sell their shares on or before the Close of Trading on April 23, 2024, will receive cash equal to the amount of the net asset value of their shares calculated as of the close of business on the Closing Date. Proceeds of the liquidation are currently expected to be sent to shareholders on or about April 30, 2024. Those shareholders remaining in the Fund on the Closing Date will not be charged any transaction fees by the Fund, but the net asset value of the Fund on the Closing Date will reflect trading costs associated with the sale of portfolio securities of the Fund.

If Fund shareholders sell their shares or receive a liquidating distribution, it is generally considered a taxable event and they should consult their tax advisor about the potential tax consequences.

About FlexShares

FlexShares Exchange Traded Funds are designed to pursue specific investment goals across both passive and active strategies. FlexShares offers differentiated ETF strategies that can improve and simplify the investment decision process for the long-term investor. Visit us on FlexShares.com.

About Northern Trust Asset Management

Northern Trust Asset Management is a global investment manager that helps investors navigate changing market environments in efforts to realize their long-term objectives. Entrusted with $1.18 trillion in assets under management as of December 31, 2023, we understand that investing ultimately serves a greater purpose and believe investors should be compensated for the risks they take — in all market environments and any investment strategy. That’s why we combine robust capital markets research, expert portfolio construction and comprehensive risk management in an effort to craft innovative and efficient solutions that seek to deliver targeted investment outcomes. As engaged contributors to our communities, we consider it a great privilege to serve our investors and our communities with integrity, respect and transparency.