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TORONTO, Feb. 25, 2016 -- Sprott Asset Management LP (“Sprott”), together with Sprott Physical Gold Trust (NYSE:PHYS), Sprott Physical Silver Trust (NYSE:PSLV) and Sprott Physical Platinum and Palladium Trust (NYSE:SPPP), announced today that John Wilson, Chief Executive Officer of Sprott Asset Management will lead a precious metals market update webcast for investors and financial advisors on Wednesday, March 9, 2016 at 9:00 a.m. eastern time.The webcast will include an overview of the current fundamentals impacting precious metals from senior members of Sprott's Precious Metals Investment Team and will highlight recent developments at Sprott’s NYSE-listed Physical Bullion Trusts.
All interested parties are invited to participate in the live webcast, by registering at
http://edge.media-server.com/m/p/w6cy2cpc or Sprott’s website at http://sprottphysicalbullion.com. Please visit the website at least 10 minutes before the webcast to register and test your connection. To access the teleconference for listen only mode, callers in the U.S. or Canada may dial (877) 930-8292 (Toll-free) or (253) 336-8728 (Toll) and reference ID# 60141516.
Sprott manages three exchange-listed, tax-advantaged (for certain U.S. investors*) closed-end trusts that provide a secure, convenient, and liquid alternative for investors who want to hold physical bullion:
- Sprott Physical Gold Trust (NYSE:PHYS)
- Sprott Physical Silver Trust (NYSE:PSLV)
- Sprott Physical Platinum & Palladium Trust (NYSE:SPPP)
Sprott Physical Gold Trust (“PHYS”) is a closed-end trust that invests in unencumbered and fully-allocated London Good Delivery (“LGD”) gold bars. PHYS bullion is stored at a secure third party storage location, which is held by a Federal Crown Corporation of the Government of Canada. There is no levered financial institution between the unitholders and the trust’s physical gold. Unitholders who hold certain minimum dollar value equivalent have the ability to redeem their units for physical gold bullion on a monthly basis.
Sprott Physical Silver Trust (“PSLV”) is a closed-end trust that invests in unencumbered and fully-allocated London Good Delivery (“LGD”) silver bars. PSLV bullion is stored at a secure third party storage location, which is held by a Federal Crown Corporation of the Government of Canada. There is no levered financial institution between the unitholders and the trust’s physical silver.
The Sprott Physical Platinum and Palladium Trust (“SPPP”) is a closed-end trust that invests in unencumbered and fully-allocated Good Delivery physical platinum and palladium bullion. SPPP is stored at a secure third party storage location, which is held by a Federal Crown Corporation of the Government of Canada. There is no levered financial institution between the unitholders and the trust’s physical platinum and palladium.
** For U.S. non-corporate investors who hold units for one year or more and timely file a QEF form, gains realized on the sale of the Trust’s units are currently taxed at a capital gains rate of 15%, versus 28% applied against most precious metals ETF’s and physical gold coins.
About Sprott Asset Management LP
Sprott Asset Management LP is the investment manager to the Sprott Physical Bullion Trusts (“the Trusts”), which are US-listed closed-end mutual fund trusts created under the laws of the Province of Ontario, Canada, pursuant to trust agreements. The trusts include Sprott Physical Gold Trust (NYSE:PHYS), Sprott Physical Silver Trust (NYSE:PSLV) and Sprott Physical Platinum and Palladium Trust (NYSE:SPPP). Important information about Sprott Physical Gold Trust, including its investment objectives and strategies, applicable management fees, and expenses, is contained in the current annual information form for Sprott Physical Gold Trust, which can be found on its website, in the U.S. on www.sec.gov and in Canada on www.sedar.com. Commissions, management fees, or other charges and expenses may be associated with investing in Sprott Physical Gold Trust. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. To learn more about the Trusts, please visit www.sprottphysicalbullion.com.
Contacts: Source: Sprott Asset Management, Sprott Physical Gold Trust, Sprott Physical Silver Trust, Sprott Physical Platinum & Palladium Trust Individual Investor Contact: (877) 403-2310 [email protected] Institutional Investors & Financial Advisors Contact: Ed Coyne Executive Vice President, Sprott US 203-636-0972 [email protected] Media Contact: Nick Rust Prosek Partners 212-279-3115 ext. 252 [email protected]
