Invest with one of North America’s leading managers of physical bullion funds.
The Sprott Physical Gold and Silver Trust (NYSE Arca: CEF) currently holds approximately 1.489 million ounces of gold and 60.395 million ounces of silver*. CEF provides investors with exposure to both precious metals at a time when demand is very high, and access is becoming more difficult due to disruptions in the global mining supply chain.
*As at December 31, 2020
|Net Asset Value per Unit||$18.99|
|Previous Closing Market Price||$18.49|
The Trust only holds fully allocated and unencumbered precious metals — no exceptions. CEF exclusively invests in London Good Delivery ("LGD") physical gold and silver bullion. Currently, CEF is 64% invested in gold and 36% in silver (as of 12/31/2020).
Unitholders can redeem their units for physical gold and silver bullion on a monthly basis, subject to certain minimum requirements.1
The Trust's metals will be held in custody by the Royal Canadian Mint, a Federal Crown Corporation of the Government of Canada. There is no levered financial institution between the unitholders and the Trust's physical bullion and no risk of financial loss in the event of a bankruptcy or nationalization of the financial institution.
The Trust offers a potential tax advantage for certain non-corporate U.S. investors. Gains realized on the sale of the Trust’s units can be taxed at a capital gains rate of 15%/20%2 versus the 28% collectibles rate applied to most precious metals ETFs, coins and bars.
Trust units can be purchased on any open trading day for the New York Stock Exchange or Toronto Stock Exchange. No need for investors to handle, secure or protect the physical metal.
Trust units are highly liquid, with average daily trading volume of C$8 million, and can be sold on any open trading day for the New York Stock Exchange or Toronto Stock Exchange.
1 Please see “Redemption of Physical Gold and Silver” in the Prospectus.
2 15% long-term capital gains tax rate for single filers earning between $40,000 to $441,450 per year; 20% long-term capital gains tax rate for married filers earning over $496,600 per year. For more details, please see Tax Information and always consult your tax accountant regarding your particular situation.
The Sprott Physical Gold and Silver Trust is generally exposed to multiple risks that have been both identified and described in the Prospectus. Please refer to the Prospectus for a description of these risks.
Past performance is not an indication of future results. All data is in U.S. dollars unless otherwise noted. 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 their specific circumstances before taking any action. Sprott Asset Management LP is the investment manager to the Sprott Physical Gold and Silver Trust (the “Trust”). Important information about the Trust, including the investment objectives and strategies, applicable management fees, and expenses, is contained in the Prospectus. Please read the document carefully before investing. There are ongoing fees and expenses associated with owning units of a Trust. The Trust must prepare disclosure documents that contain key information about the Trust. You can find more detailed information about the Trust in these documents. Investment funds are not guaranteed, their values change frequently. This communication does not constitute an offer to sell or solicitation to purchase securities of the Trust. 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. Views expressed regarding a particular company, security, industry or market sector should not be considered an indication of trading intent of any investment funds managed by Sprott Asset Management LP. These views are not to be considered as investment advice nor should they be considered a recommendation to buy or sell. This outlook is subject to change without notice.
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