PHILADELPHIA, Oct. 11, 2019 /PRNewswire/ -- Aberdeen Standard
Investments announced today a 10 for 1 forward share split for the
Aberdeen Standard Physical Gold Shares ETF (NYSE Arca: SGOL). The
split will not change the total value of a shareholder's
investment.
Ticker
|
Name
|
Split
Ratio
|
SGOL
|
Aberdeen Standard
Physical Gold Shares ETF
|
10 for 1
|
The forward share split will apply to shareholders of record as
of the close of the markets on October 31,
2019, payable after the close of the markets on November 1, 2019. Shares of SGOL will trade at
their post-split prices on November 4,
2019. The ticker symbol and CUSIP number for SGOL will not
change.
The forward share split will decrease the price per share of
SGOL with a proportionate increase in the number of shares
outstanding. In a 10-for-1 forward share split, shareholders will
receive ten post-split shares for every share held of record as of
the close of the markets on October 31,
2019. The post-split shares will be priced at one-tenth the
net asset value ("NAV") of a pre-split share.
Illustration of a Share Split
The following table shows the effect of a hypothetical 10 for 1
share split:
Period
|
# of
Shares
|
Net Asset
Value
(NAV) per share
|
Total
Value
|
Pre-Split
|
10
|
$100
|
$1,000
|
Post-Split
|
100
|
$10
|
$1,000
|
For a discussion about SGOL and the risks associated with an
investment in SGOL, see SGOL's Prospectus, which is available
at www.aberdeenstandardetfs.us.
Notes to editors
- Aberdeen Standard Investments is a global asset manager
dedicated to creating long-term value for our clients. With over
1,000 investment professionals, we manage $669.6 billion of assets worldwide as of
30 June 2019. We have clients in 80
countries supported by 52 relationship offices. This ensures we are
close to our clients and the markets in which we invest.
- We are high-conviction, long-term investors who believe
teamwork and collaboration are the key to delivering investment
performance.
- Standard Life Aberdeen plc is headquartered in Scotland. It has over 1 million shareholders
and is listed on the London Stock Exchange.
- You can access the Aberdeen Standard Investments media centre
here: https://www.aberdeenstandard.com/news-and-media
Important Information
The Aberdeen Standard Silver ETF Trust, Aberdeen Standard
Gold ETF Trust, Aberdeen Standard Platinum ETF Trust, Aberdeen
Standard Palladium ETF Trust and Aberdeen Standard Precious Metals
Basket ETF Trust are not investment companies registered under the
Investment Company Act of 1940 or a commodity pool for purposes of
the Commodity Exchange Act. Shares of the Trusts are not subject to
the same regulatory requirements as mutual funds. These investments
are not suitable for all investors. Trusts focusing on a single
commodity generally experience greater volatility.
In the United States, Aberdeen
Standard Investments is the marketing name for the following
affiliated, registered investment advisers: Aberdeen Standard
Investments Inc., Aberdeen Asset Managers Ltd., Aberdeen Standard
Investments Australia Ltd., Aberdeen Standard Investments
(Asia) Ltd., Aberdeen Capital
Management LLC, Aberdeen Standard Investments ETFs Advisors LLC and
Standard Life Investments (Corporate Funds) Ltd.
ALPS Distributors, Inc. is the marketing agent for Aberdeen
Standard Silver ETF Trust, Aberdeen Standard Gold ETF Trust,
Aberdeen Standard Platinum ETF Trust, Aberdeen Standard Palladium
ETF Trust and the Aberdeen Standard Precious Metals Basket ETF
Trust. ALPS Distributors, Inc. is the distributor for the Aberdeen
Standard Investments ETFs.
Risk Warnings: Exchange traded securities may or may not
be suitable for a particular investor. The price of exchange traded
securities may go up or down and an investor may not get back the
amount invested. Exchange traded securities are priced in either US
dollars or Euros and the value of the investment in other
currencies will be affected by exchange rate movements. To the
extent exchange traded securities are traded in other currencies,
their value may also be affected by exchange rate movements.
Futures trading is speculative and may result in losses. Past
performance is not necessarily indicative of future results.
Restricted Investors: The distribution of the prospectus
and the offering, sale and delivery of exchange traded securities
in certain jurisdictions may be restricted by law. Any subscription
for exchange traded securities should be made on the basis of the
prospectus.
Disclaimer: Any investment in exchange traded securities
carries with it certain risks, including those risks set out in the
prospectus. You should obtain your own independent financial,
taxation and legal advice before making any decisions about an
investment in exchange traded securities. This information is not
an offer for exchange traded securities and should not be used as
the basis for any investment decision.
Diversification does not eliminate the risk of experiencing
investment losses.
Commodities generally are volatile and are not suitable for
all investors. Carefully consider the Fund's investment objectives,
risk factors, and fees and expenses before investing. To obtain a
prospectus containing this and other important information, call
844-ETFs-BUY (844-383-7289) or visit,
www.aberdeenstandardetfs.us. Please read the prospectus
carefully before investing.
Brokerage commissions may apply and will reduce
returns.
This information does not constitute financial product
advice.
There are risks associated with investing including possible
loss of principal.
ALPS is not affiliated with Aberdeen Standard
Investments.
Ref:
US-041019-100645-1
ETF001428
10/5/20
1 Effective June 20,
2019, Aberdeen Standard Physical Swiss Gold Shares ETF has
been renamed Aberdeen Standard Physical Gold Shares ETF.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/aberdeen-standard-investments-announces-10-for-1-forward-share-split-of-gold-exchange-traded-fund-sgol1-300936946.html
SOURCE Aberdeen Standard Investments