- Nasdaq (NDAQ, Financial) has addressed the preliminary proxy filing by Invesco QQQ Trust, which proposes changes that will not affect licensing agreements or the Nasdaq-100® Index administration.
- Invesco's unitary management fee will cover the license fee, rather than QQQ paying it directly.
- Nasdaq remains committed to its strategic partnership with Invesco.
Nasdaq (NDAQ) has issued a statement regarding the preliminary proxy filing by Invesco QQQ Trust, suggesting revisions to the trust's structure. It clarified that these proposed alterations would not modify the existing licensing arrangements with Invesco or affect the administration of the Nasdaq-100® Index. The main change involves Invesco paying the licensing fee through its unitary management fee instead of QQQ directly handling the payment.
The statement reassures investors that Nasdaq remains dedicated to its strategic alliance with Invesco and will continue to provide a reliable benchmark index, the Nasdaq-100®, on which investors rely. This commitment ensures that the core services and agreements remain intact, maintaining stability and transparency for stakeholders.
