SPDR® S&P Biotech ETF Receives Settlement Payment
August 18 2014 - 4:00PM
Business Wire
State Street Global Advisors announced today that the SPDR®
S&P Biotech ETF (NYSE: XBI- News) received payment as an
authorized claimant from a class action settlement related to
Dendreon, Corp.
The total amount payable to the Fund is listed below. When the
Fund calculates its net asset value (“NAV”) per share on Tuesday,
August 19, 2014, it is estimated that the Fund’s NAV will be
impacted by the receipt of the payment in the amount stated below
based on the shares outstanding as of August 15, 2014.
Fund
SettlementPayment
Shares Outstandingas of August
15, 2014
Per Share Amount SPDR® S&P Biotech ETF
$233,312 7,500,000
$0.0311
Source: State Street Bank and Trust Co.
State Street Global Advisors manages more than $413 billion* in
SPDR ETF assets worldwide (as of June 30, 2014) 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. 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 Corporation, one of the world’s leading
providers of financial services to institutional investors.
* Assets under management include the assets of the SPDR® Gold
ETF (approximately $33 billion as of June 30, 2014), for which
State Street Global Markets, LLC, an affiliate of SSGA, serves as
the distribution agent.
Note to Editors: SPDR® Exchange Traded Funds
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CORP-1078
Expiration Date - 08/31/2015
State Street CorporationElizabeth Bartlett, +1
617-662-2903www.statestreet.com@StateStreet
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