State Street Global Advisors Announces Impact of Settlement Payment for SPDR ETFs
July 17 2015 - 5:30PM
Business Wire
The SPDR® Exchange Traded Funds (ETFs) listed in the table
below, announced today that each Fund will receive a payment
related to the Bank of America Corporation class action settlement
(NYSE:BAC).
The total payment to be received by each Fund is listed below.
When the Funds calculate their net asset value (“NAV”) per share on
Monday, July 20, 2015, it is estimated that each Fund’s NAV will be
impacted in the amounts stated below based on shares outstanding as
of July 16, 2015.
Fund
PaymentAmount
Shares Outstandingas of July 16,
2015
Per Share Impact SPDR® S&P 500® ETF Trust
(SPY) $28,490,342 874,932,116
$0.0326 SPDR® Dow Jones Industrial AverageSM ETF Trust (DIA)
$3,338,756 70,142,867
$0.0476
SSGA manages approximately $412 billion1 in SPDR ETF assets
worldwide (as of June 30, 2015) and is one of the largest ETF
providers in the US and globally.
About State Street Global Advisors
For nearly four decades, State Street Global Advisors has been
committed to helping our clients, and those who rely on them,
achieve financial security. We partner with many of the world’s
largest, most sophisticated investors and financial intermediaries
to help them reach their goals through a rigorous, research-driven
investment process spanning both indexing and active disciplines.
With trillions* in assets, our scale and global reach offer clients
unrivaled access to markets, geographies and asset classes, and
allow us to deliver thoughtful insights and innovative
solutions.
State Street Global Advisors is the investment management arm of
State Street Corporation.
*Assets under management were $2.4 trillion as of March 31,
2015. AUM reflects approx. $28 billion (as of 03/31/2015) with
respect to which State Street Global Markets, LLC (SSGM) serves as
marketing agent; SSGM and State Street Global Advisors are
affiliated.
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.
Standard & Poor's, S&P and SPDR are registered
trademarks of Standard & Poor's Financial Services LLC
(S&P); Dow Jones is a registered trademark of Dow Jones
Trademark Holdings LLC (Dow Jones); and these trademarks have been
licensed for use by S&P Dow Jones Indices LLC (SPDJI) and
sublicensed for certain purposes by State Street Corporation. State
Street Corporation's financial products are not sponsored,
endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their
respective affiliates and third party licensors and none of such
parties make any representation regarding the advisability of
investing in such product(s) nor do they have any liability in
relation thereto, including for any errors, omissions, or
interruptions of any index.
State Street Global Advisors is the investment management arm of
State Street Corporation; State Street Global Markets, LLC is a
wholly owned subsidiary of State Street Corporation.
1 This figure does not include $26.7billion for SPDR® GOLD
TRUST, which State Street Global Markets, LLC (SSGM) serves as
marketing agent.
CORP-1511
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version on businesswire.com: http://www.businesswire.com/news/home/20150717005800/en/
State Street CorporationBrendan Paul, +1
617-662-2903Bpaul2@statestreet.com
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