Sprott Asset Management to Host Webcast to Provide Precious Metals Market Update
March 09 2016 - 7:46PM
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
bullion@sprott.com
Institutional Investors & Financial Advisors Contact:
Ed Coyne
Executive Vice President, Sprott US
203-636-0972
ecoyne@sprottusa.com
Media Contact:
Nick Rust
Prosek Partners
212-279-3115 ext. 252
nrust@prosek.com