SPDR ® ETF Family Announces Impact of Receiving Settlement Payments
September 25 2009 - 5:00PM
Business Wire
The Health Care Select Sector SPDR® Fund (NYSE: XLV- News),
announced today that the Fund received a payment as an authorized
claimant from a class action settlement related to Cardinal Health,
Inc.
The total amount payable to the Fund is listed below. When the
Fund calculates its net asset value (“NAV”) per share on Monday,
September 28, 2009, the receipt of the corresponding payment in the
amount stated below based on the shares outstanding as of September
25, 2009 is estimated to impact the Fund’s NAV.
Fund
SettlementPayment
SharesOutstanding as
ofSeptember 25, 2009
Per ShareAmount
The Health CareSelect SectorSPDR®
Fund
$347,599 70,364,658
$0.0049
State Street manages $156 billion in SPDR ETF assets worldwide
(as of June 30, 2009) and is one of the largest ETF providers in
the U.S. and globally.
About State Street Global Advisors
State Street Global Advisors, the investment management arm of
State Street Corporation (NYSE: STT), delivers investment
strategies and integrated solutions to clients worldwide across
every asset class, investment approach and style. With
$1.6 trillion in assets under management as of June 30, 2009,
State Street Global Advisors has investment centers in Boston, Hong
Kong, London, Montreal, Munich, Paris, Singapore, Sydney, Tokyo,
Toronto and Zurich, and offices in 26 cities worldwide. For more
information, visit State Street Global Advisors at
www.ssga.com.
Note to Editors: SPDR® Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of
international and domestic asset classes. SPDR ETFs provide
professional investors with the flexibility to select investments
that are precisely aligned to their investment strategy. Recognized
as the industry pioneer, State Street—in partnership with the
American Stock Exchange—created the first ETF in 1993 (SPDR S&P
500 – Ticker: SPY). Since then, we’ve sustained our place as an
industry innovator through the introduction of many ground-breaking
products, including first-to-market successes with gold,
international real estate, international fixed income and sector
ETFs. SPDR ETFs are managed or marketed by SSgA or SSgA Funds
Management, Inc., a registered investment adviser and wholly owned
subsidiary of State Street Bank and Trust Company.
ETFs trade like stocks, are subject to investment risk and
will fluctuate in market value.
Because of their narrow focus, sector funds tend to be more
volatile than funds that diversify across many sectors and
companies.
Frequent trading of ETFs could significantly increase
commissions and other costs such that they may offset any savings
from low fees or costs.
The “SPDR” trademark is used under license from The McGraw-Hill
Companies, Inc. (“McGraw-Hill”). No financial product offered by
State Street Corporation or its affiliates is sponsored, endorsed,
sold or promoted by McGraw-Hill. S&P® is a trademark of
McGraw-Hill and has been licensed for use by State Street Bank and
Trust Company.
Distributor: State Street Global Markets, LLC, member FINRA,
SIPC, a wholly owned subsidiary of State Street Corporation. ALPS
Distributors, Inc., a registered broker-dealer, is distributor for
SPDR S&P 500, MidCap SPDRs and Dow Diamonds, all unit
investment trusts and Select Sector SPDRs. References to State
Street may include State Street Corporation and its affiliates.
Certain State Street affiliates provide services and receive fees
from the SPDR ETFs.
Before investing, consider the funds’ investment objectives,
risks, charges and expenses. To obtain a prospectus which contains
this and other information call 1-866-787-2257 or visit
www.spdrs.com. Read it carefully.
CORP-0016
Exp. Date 6/30/2010
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