SPDR® ETF Family Announces Revised Impact of Receiving Settlement Payment
May 03 2011 - 5:58PM
Business Wire
The SPDR® Morgan Stanley Technology ETF (NYSE: MTK) originally
announced on Thursday April 28, 2011 that the fund received payment
as an authorized claimant from a class action settlement related to
Broadcom Corp. and the impact to the fund’s net asset value (“NAV”)
per share would occur on Friday, April 29, 2011.
The total amount payable to the fund is listed below. However,
the fund’s NAV was not impacted on Friday, April 29, 2011 and it is
estimated that the fund’s NAV will be impacted on Wednesday, May 4,
2011 by the receipt of the corresponding payment in the amount
stated below based on the shares outstanding as of May 3, 2011.
Fund Settlement Payment
Shares Outstanding asof May 3, 2011
Per Share Amount
SPDR® MorganStanley TechnologyETF (Ticker:
MTK)
$98,039 3,250,108
$0.0302
State Street manages $260 billion* in SPDR ETF assets worldwide
(as of March 31, 2011) and is one of the largest ETF providers in
the US and globally.
About 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 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 launches with
gold, international real estate, international fixed income and
sector ETFs. For more information, visit www.spdrs.com.
About State Street Global Advisors
State Street Global Advisors (SSgA) is a global leader in asset
management. The firm is relied on by sophisticated investors
worldwide for its 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.
*Source: SSgA Global Strategy & Research. This AUM includes
the assets of the SPDR Gold Trust (approx. $56 billion [as of March
31, 2011]), for which State Street Global Markets, LLC, an
affiliate of State Street Global Advisors serves as the marketing
agent.
Important Risk Information:
ETFs trade like stocks, are subject to investment risk,
fluctuate in market value and may trade at prices above or below
the ETFs net asset value. Brokerage commissions and ETF expenses
will reduce returns.
Because of their narrow focus, sector funds tend to be more
volatile than funds that diversify across many sectors and
companies.
“SPDR” is a registered trademark of Standard & Poor’s
Financial Services LLC (“S&P”) and has been licensed for use by
State Street Corporation. No financial product offered by State
Street Corporation or its affiliates is sponsored, endorsed, sold
or promoted by S&P or its affiliates, and S&P and its
affiliates make no representation, warranty or condition regarding
the advisability of buying, selling or holding units/shares in such
products. Further limitations and important information that could
affect investors’ rights are described in the prospectus for the
applicable product.
Distributor: State Street Global Markets, LLC, member FINRA,
SIPC, a wholly owned subsidiary of State Street Corporation.
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. ALPS Distributors, Inc., a
registered broker-dealer, is distributor for SPDR shares, MidCap
SPDRs and Dow Jones Industrial Average, all unit investment trusts
and Select Sector SPDRs.
Before investing, consider the funds investment objectives,
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.
CORP-0325
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