State Street Global Advisors Announces Impact of Receiving Payment
December 05 2019 - 6:58PM
Business Wire
The SPDR® Exchange Traded Funds (ETFs) listed in the table
below, announced today that each Fund received a payment as an
authorized claimant from a class action settlement. The SPDR
S&P Oil & Gas Equipment & Services ETF (XES) received
payment related to Willbros Group, Inc. (NYSE: WG)*. The SPDR
S&P Regional Banking ETF (KRE) received payment related to
Wilmington Trust Corporation (NYSE: WL)**.
The payment to be received by each Fund is listed below. When
the Funds calculate their net asset value (“NAV”) per share on
Friday, December 6, 2019, it is estimated that each Fund’s NAV will
be impacted by the amount stated below based on shares outstanding
as of December 4, 2019.
Fund
Payment Amount
Shares Outstanding
as of
December 4, 2019
Per Share Impact
SPDR S&P Oil & Gas Equipment &
Services ETF (XES)
$23,878
22,650,000
$0.0011
SPDR S&P Regional Banking ETF
(KRE)
$2,452,499
37,002,585
$0.0663
* Delisted. The NYSE Regulation determined that the Company is
no longer suitable for listing based on “abnormally low” price
levels, pursuant to Section 802.01D of the Listed Company
Manual.
** Acquired by M&T Bank Corporation (NYSE: MTB) in May
2011
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 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 $2.95 trillion* under our care.
* This figure is presented as
of September 30, 2019 and includes approximately $64 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:
All ETFs are subject to risk, including possible 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. 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.
XES and KRE are offered to US Investors only and distributed
by State Street Global Advisors Funds Distributors LLC member FINRA
SIPC.
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
1-866-787-2257 or visit www.spdrs.com. Read it carefully.
Not FDIC Insured • No Bank Guarantee • May Lose Value
Intellectual Property Information: 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, One Iron Street, Boston, MA
02110
© 2019 State Street Corporation - All Rights Reserved
Expiration Date: 12/31/2020
2857684.1.1.AM.RTL
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Olivia Offner +1 617-662-0198 ooffner@statestreet.com
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