State Street Global Advisors Announces Impact of Receiving Settlement Payment
January 12 2017 - 5:00PM
Business Wire
The SPDR® Exchange Traded Fund (ETF) listed in the table below,
announced today that the Fund received a payment as authorized
claimant from a class action settlement related to Regions
Financial Corporation (NYSE: RF).
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, January 13, 2017, it is estimated that the Fund’s NAV will
be impacted by the amount stated below based on shares outstanding
as of January 11, 2017.
Fund
Payment Amount
Shares Outstanding as of January
11, 2017
Per Share Impact SPDR S&P Bank ETF (KBE)
$1,344,830 74,152,118
$0.0181
SSGA manages approximately $478 billion in SPDR ETF assets
worldwide (as of September 30, 2016) 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 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 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 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 September
30, 2016. AUM reflects approx. $40 billion (as of 9/30/2016) 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.
In general, ETFs can be expected to move up or down in value
with the value of the applicable index. Although ETFs may be bought
and sold on the exchange through any brokerage account, ETFs are
not individually redeemable from the Fund. Investors may acquire
ETFs and tender them for redemption through the Fund in Creation
Unit Aggregations only, please see the prospectus for more
details.
Because of their narrow focus, sector funds tend to be
more volatile than funds that diversify across many sectors and
companies.
Equity securities may fluctuate in value in response to
the activities of individual companies and general market and
economic conditions.
Non-diversified funds that focus on a relatively small
number of securities tend to be more volatile than diversified
funds and the market as a whole.
Passively managed funds hold a range of securities that,
in the aggregate, approximates the full Index in terms of key risk
factors and other characteristics. This may cause the fund to
experience tracking errors relative to performance of the
index.
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 or summary
prospectus which contains this and other information, call
866.787.2257 or visit spdrs.com and respective fund's
website. Read it carefully.
State Street Corporation, One Lincoln Street, Boston, MA
02111-2900
© 2017 State Street Corporation - All Rights Reserved
Not FDIC Insured – No Bank Guarantee – May Lose Value
CORP-2558
Exp. Date: 1/31/18
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170112006068/en/
State Street CorporationAndrew Hopkins, +1
617-664-2422Ahopkins2@StateStreet.com
State Street (NYSE:STT)
Historical Stock Chart
From Sep 2024 to Oct 2024
State Street (NYSE:STT)
Historical Stock Chart
From Oct 2023 to Oct 2024