State Street Global Advisors Announces Impact of SPDR® S&P® Biotech ETF's Receipt of Settlement Payment
August 15 2016 - 6:03PM
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
Celera Corporation (NYSE: DGX).1
The total payment to be received by the Fund is listed below.
When the Fund calculates its net asset value (“NAV”) per share on
Tuesday, August 16, 2016, it is estimated that the Fund’s NAV will
be impacted in the amounts stated below based on shares outstanding
as of August 12, 2016.
Fund
Payment Amount
Shares Outstanding as of May2,
2016
Per Share Impact SPDR® S&P Biotech ETF
(XBI) $669,862.77 37,450,000
$0.0179
SSGA manages approximately $452 billion in SPDR ETF assets
worldwide (as of June 30, 2016) and is one of the largest ETF
providers in the US and globally.
1 In May 2011, Celera Corporation (NASDAQ: CRA) was acquired by
Quest Diagnostics Inc (NYSE: DGX)
About SPDR Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of
international and domestic asset classes. SPDR ETFs are managed by
SSGA Funds Management, Inc., a registered investment adviser and
wholly owned subsidiary of State Street Corporation. The funds
provide investors with the flexibility to select investments that
are precisely aligned to their investment strategy. Recognized as
an industry pioneer, State Street created the first US listed ETF
in 1993 (SPDR S&P 500® – Ticker SPY) and has remained on the
forefront of responsible innovation, as evidenced by 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
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
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 $2.3 trillion as of June 30,
2016. AUM reflects approx. $40 billion (as of 6/30/2016) with
respect to which State Street Global Markets, LLC (SSGM) serves as
marketing agent; SSGM and State Street Global Advisors are
affiliated.
Important Information
Investing involves risk including the risk of loss of
principal
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.
The information provided does not constitute investment advice
and it should not be relied on as such. It should not be considered
a solicitation to buy or an offer to sell a security. It does not
take into account any investor's particular investment objectives,
strategies, tax status or investment horizon. You should consult
your tax and financial advisor. All material has been obtained from
sources believed to be reliable. There is no representation or
warranty as to the accuracy of the information and State Street
shall have no liability for decisions based on such
information.
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.
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.
Not FDIC Insured • No Bank Guarantee • May Lose Value
CORP-2152
Exp. Date: 8/31/17
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160815006202/en/
State Street CorporationAndrew Hopkins, +1
617-664-2422Ahopkins2@StateStreet.com
State Street (NYSE:STT)
Historical Stock Chart
From Jun 2024 to Jul 2024
State Street (NYSE:STT)
Historical Stock Chart
From Jul 2023 to Jul 2024