State Street Global Advisors Announces Impact of Receiving Payment
April 17 2019 - 5:16PM
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 Akorn, Inc
(NASDAQ: AKRX) securities litigation.
The total payment to be received by the Fund is listed below.
When the Fund calculates its net asset value (“NAV”) per share on
Thursday, April 18, 2019, it is estimated that the Fund’s NAV will
be impacted by the amount stated below based on shares outstanding
as of April 16, 2019.
Fund Payment
Amount
SharesOutstanding
asof
Per ShareImpact
April 16, 2019
SPDR S&P Pharmaceuticals ETF (XPH) $165,352
5,850,270 $0.0285
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 four decades, State Street Global Advisors has served the
world’s governments, institutions and financial advisors. With a
rigorous, risk-aware approach built on research, analysis and
market-tested experience, we build from a breadth of active and
index strategies to create cost-effective solutions. As stewards,
we help portfolio companies see that what is fair for people and
sustainable for the planet can deliver long-term performance. And,
as pioneers in index, ETF, and ESG investing, we are always
inventing new ways to invest. As a result, we have become the
world’s third largest asset manager with nearly US $2.51 trillion*
under our care.
* This figure is presented as of December 31, 2018 and includes
approximately $32.44 billion of assets with respect to SPDR
products for which State Street Global Advisors Funds Distributors,
LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated.
Important Risk Information
ETFs trade like stocks, are subject to investment risk and loss
of principal, 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.
State Street Global Advisors and its affiliates (“SSGA”) have
not taken into consideration the circumstances of any particular
investor in producing this material and are not making an
investment recommendation or acting in fiduciary capacity in
connection with the provision of the information contained
herein.
Standard & Poor’s, S&P and SPDR are registered
trademarks of Standard & Poor’s Financial Services LLC, a
division of S&P Global (“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.
XPH is offered to US Investors only and distributed by State
Street Global Advisors Funds Distributors LLC member FINRA
SIPC.
Before investing, consider the fund’s 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. Read it carefully.
Not FDIC Insured • No Bank Guarantee • May Lose Value
State Street Global Advisors, One Iron Street, Boston, MA
02110
© 2019 State Street Corporation - All Rights Reserved
Expiration Date: 4/30/2020
2505048.1.1.GBL.RTL
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State Street CorporationOlivia Offner+1
617.662.0198ooffner@statestreet.com
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