State Street Global Advisors Announces Impact of Receiving Settlement Payment
September 24 2015 - 5:33PM
Business Wire
The SPDR® Exchange Traded Fund (ETF) listed in the table below,
announced today that the Fund received a payment as an authorized
claimant from a class action settlement related to Hospira, Inc.
(NYSE: HSP).
The total payment to be received by the Fund is listed below.
When the Fund calculates its net asset value (“NAV”) per share on
Friday, September 25, 2015, it is estimated that the Fund’s NAV
will be impacted in the amount stated below based on shares
outstanding as of September 23, 2015.
Fund
PaymentAmount
Shares Outstanding as
ofSeptember 23, 2015
Per ShareImpact
SPDR® S&P Pharmaceuticals ETF (XPH) $126,658
17,600,270 $0.0072
SSGA manages approximately $439 billion 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 financial professionals and those who rely on
them achieve their investment objectives. We partner with
institutions and financial professionals to help them reach their
goals through a rigorous, research-driven process spanning both
active and index disciplines. We take pride in working closely with
our clients to develop precise investment strategies, including our
pioneering family of SPDR ETFs. With trillions* in assets under
management, our scale and global footprint provide unrivaled access
to markets and asset classes, and allow us to deliver expert
insights and investment solutions.
State Street Global Advisors is the investment management arm of
State Street Corporation.
*Assets under management were $2.4 trillion as of June 30, 2015.
Assets under management include approximately $26.7 billion (as of
June 30, 2015), for which State Street Global Markets, LLC, an
affiliate of SSgA, serves as the distribution agent.
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.
Frequent trading of ETFs could significantly increase
commissions and other costs such that they may offset any savings
from low fees or costs.
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.
Distributor: State Street Global Markets, LLC, member FINRA,
SIPC, a wholly owned subsidiary of State Street Corporation. ALPS
Portfolio Solutions Distributors, Inc., a registered broker-dealer,
is distributor for Select Sector SPDRs and ALPS Distributors, Inc.
is distributor for SPDR S&P 500, MidCap SPDRs and SPDR DJIA,
all unit investment trusts. 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-1606
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version on businesswire.com: http://www.businesswire.com/news/home/20150924006515/en/
State Street CorporationBrendan Paul, +1
617-662-2903Bpaul2@statestreet.com
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