SPDR ® ETF Family Announces Intentions Regarding Weyerhaeuser Company Special Dividend to be Paid to Certain ETFs
August 04 2010 - 5:37PM
Business Wire
The Weyerhaeuser Company (NYSE: WY) has announced, in addition
to a regular cash dividend of US$ 0.05 per share, a special
dividend, consisting of stock and cash, to be paid as part of its
regular third quarter dividend on approximately September 1, 2010.
As record holders of Weyerhaeuser Company, SPDR® S&P 500 ETF
Trust (NYSE: SPY), The Materials Select Sector SPDR® Fund (NYSE:
XLB), SPDR® Dow Jones Large Cap ETF (NYSE: ELR), SPDR® Dow Jones
Large Cap Value ETF (NYSE: ELV) and SPDR® Dow Jones Total Market
ETF (NYSE: TMW) are entitled to receive such dividends. These ETFs
do not intend to make a special dividend payment reflecting the
amounts received from Weyerhaeuser Company. The amounts received
from Weyerhaeuser Company will be reflected as part of the ETFs’
scheduled dividend payments.
State Street manages more than $200 billion in SPDR ETF assets
worldwide (as of June 30, 2010) and is one of the largest ETF
providers in the US and globally.
About State Street Global Advisors
State Street Global Advisors (SSgA) is a global leader in asset
management that sophisticated investors worldwide rely on for a
disciplined investment process, powerful global investment platform
and access to every major asset class, capitalization range and
style. SSgA is the asset management business of State Street, one
of the world’s leading providers of financial services to
institutional investors.
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
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Management, Inc, a registered investment adviser and wholly owned
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ETFs trade like stocks, are subject to investment risk,
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expenses will reduce returns.
Foreign investments involve greater risks than U.S. investments,
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fluctuations, all of which may be magnified in emerging
markets.
Frequent trading of ETFs could significantly increase
commissions and other costs such that they may offset any savings
from low fees or costs.
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State Street Corporation. No financial product offered by State
Street Corporation or its affiliates is sponsored, endorsed, sold
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Distributor (for SPDR ETFs, except as noted below): 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 shares, MidCap SPDRs and Dow
Diamonds, all unit investment trusts and Select Sector SPDRs.
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risks, charges and expenses. To obtain a prospectus or summary
prospectus which contains this and other information, call
1-866-787-2257 or visit www.spdrs.com. Read it
carefully.
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