Units of the Trusts trade on the NYSE Arca in U.S dollars and on the TSX in both U.S. and Canadian dollars. They can be purchased like any regular equity through full service and discount brokers, including in the U.S. through Sprott Global Resource Investments at 800.477.7853, and in Canada through Sprott Private Wealth at 855.943.8099. Both firms are affiliates of the Trusts.
Effective October 5, 2017, unitholders of each of these trusts will be able to hold their units through the Direct Registration System (DRS) with the trusts’ transfer agent. References to “trust” shall mean the Sprott Physical Gold and Silver Trust, the Sprott Physical Gold Trust, the Sprott Physical Silver Trust or the Sprott Physical Platinum and Palladium Trust, as applicable, and references to “trusts” shall mean all four trusts collectively.
DRS is the electronic or book-entry form of security ownership offered by and only through transfer agents and allows a unitholder to hold trust units in that holder’s name directly as opposed to electronic security ownership through a broker. If a holder holds units of a trust through DRS, that ownership is evidenced on the books and records of the trust directly, as opposed to holding units of a trust through a broker, who in turn is registered on the books of the trust.
DRS holders will not receive an actual certificate but will instead receive an annual DRS statement directly from the transfer agent. Before a unitholder holding units through DRS can trade the units on NYSE Arca or TSX, the holder will first have to instruct the transfer agent to move the units from DRS to the holder’s brokerage account.
If a unitholder desires to redeem units for bullion, and such unitholder holds his, her or its units through DRS, the holder first has to request and then receive a unit certificate before engaging in the redemption process. This is identical to the process described in the current prospectus and annual information form of each of the trusts, which are available here:
The option to hold units through DRS will not be available for investors purchasing units in an offering conducted by one of the trusts, but will be available to such investors after the offering is concluded.
Unitholders interested in holding their units through DRS should contact the trusts’ transfer agents as follows:
By Regular Mail
P.O. BOX 505000
Louisville, KY 40233-5000
Attn: Investor Services
By Overnight Delivery
462 South 4th Street
Louisville, KY 40202
Web Personal Assistant: computershare.com
TSX Trust Company
301-100 Adelaide Street West
Toronto, ON M5H 4H1
Sprott Physical Bullion Trusts
Sprott Asset Management LP is the investment manager to the Sprott Physical Bullion Trusts (the “Trusts”). Important information about the Trusts, including the investment objectives and strategies, purchase options, applicable management fees, and expenses, is contained in the prospectus. Please read the document carefully before investing (available here). Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. This communication does not constitute an offer to sell or solicitation to purchase securities of the Trusts.
The risks associated with investing in a Trust depend on the securities and assets in which the Trust invests, based upon the Trust’s particular objectives. There is no assurance that any Trust will achieve its investment objective, and its net asset value, yield and investment return will fluctuate from time to time with market conditions. There is no guarantee that the full amount of your original investment in a Trust will be returned to you. The Trusts are not insured by the Canada Deposit Insurance Corporation or any other government deposit insurer. Please read a Trust’s prospectus before investing. The information contained herein does not constitute an offer or solicitation to anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada should contact their financial advisor to determine whether securities of the Funds may be lawfully sold in their jurisdiction. The information provided is general in nature and is provided with the understanding that it may not be relied upon as, nor considered to be, the rendering or tax, legal, accounting or professional advice. Readers should consult with their own accountants and/or lawyers for advice on the specific circumstances before taking any action.
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