ABERDEEN INVESTMENTS ANNOUNCES 10-FOR-1 FORWARD SHARE SPLIT OF ABRDN PHYSICAL PLATINUM SHARES ETF (PPLT) AND 5-FOR-1 FORWARD SHARE SPLIT OF ABRDN PHYSICAL PALLADIUM SHARES ETF (PALL)
|
Ticker |
|
Split Ratio |
|
PPLT |
abrdn Physical Platinum Shares ETF |
10 for 1 |
|
PALL |
abrdn Physical Palladium Shares ETF |
5 for 1 |
All forward share splits will apply to shareholders of record as of the market close on
The forward share splits will decrease the price per share of each fund, with a proportionate increase in the number of shares outstanding. In a 10-for-1 forward share split, every pre-split share will result in the receipt of ten post-split shares, which will be priced at one-tenth the net asset value ("NAV") of a pre-split share. In a 5-for-1 forward share split, every pre-split share will result in the receipt of five post-split shares, which will be priced at one-fifth the NAV of a pre-split share.
Illustration of a Forward Share Split
The following table shows the effect of a hypothetical 10-for-1 share split:
|
Period |
# of Shares |
Hypothetical Net Asset Value (NAV) per share |
Total Value |
|
Pre-Split |
10 |
|
|
|
Post-Split |
100 |
|
|
The following table shows the effect of a hypothetical 5-for-1 share split:
|
Period |
# of Shares |
Hypothetical Net Asset Value (NAV) per share |
Total Value |
|
Pre-Split |
10 |
|
|
|
Post-Split |
50 |
|
|
For more information about Aberdeen's ETF suite, please visit here.
Important Information
abrdn
This material must be accompanied or preceded by the prospectus. Carefully consider the investment objectives, risk factors, and fees and expenses of each Trust before investing. To view a Trust's prospectus, please click here –
abrdn
Investing involves risk, including possible loss of principal. Because shares of the Trust are intended to reflect the price of the gold held by the Trust, the market price of the shares is subject to fluctuations similar to those affecting gold prices. Additionally, shares of the Trust are bought and sold at market price, not at net asset value ("NAV"). Brokerage commissions will reduce returns. Commodities' prices may be highly volatile. Prices may be affected by various economic, financial, social and political factors, which may be unpredictable and may have a significant impact on the prices of precious metals.
Shares of the Trusts are intended to reflect, at any given time, the market price of gold, silver, platinum and/or palladium bullion ("Bullion") owned by such Trust at that time less the Trust's expenses and liabilities. The price received upon the sale of the shares, which trade at market price, may be more or less than the value of the Bullion represented by such shares. If an investor sells the shares at a time when no active market for them exists, such lack of an active market will most likely adversely affect the price received for the shares. For a more complete discussion of the risk factors relative to the Trust, carefully read the prospectus.
This material does not constitute any specific legal, tax or accounting advice. Please consult with qualified professionals for this type of advice.
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