Invest with one of North America’s leading managers of physical bullion funds. Sprott is committed to providing world-class precious metals investments for clients.
The Sprott Physical Gold and Silver Trust began trading on January 16, 2018, on the NYSE Arca (Symbol: CEF) and the Toronto Stock Exchange (Symbol: CEF.U in U.S. dollars and CEF in Canadian dollars), marking the successful completion of Sprott’s acquisition of the US$3.5 billion Central Fund of Canada Limited.
With CEF currently trading at a discount, investors have the opportunity to purchase gold and silver below spot prices.
|Intraday Indicative Value||$12.10|
|Intraday Premium/Discount Calculation||-4.67%|
(Data last updated Monday, November 12, 2018 1:47 PM EST)
|Net Asset Value per Unit||$12.17|
|Previous Closing Market Price||$11.58|
|Total Ounces of Gold held within Trust||1,420,284|
|Total Ounces of Silver held within Trust||64,195,411|
|Total Market Value of Gold & Silver held within Trust||$2,627,017,225|
|Total Net Asset Value of Trust||$2,622,667,325|
(In U.S. Dollars. Data last updated Friday, November 9, 2018 6:00 PM EST)
The Trust only holds fully allocated and unencumbered precious metals — no exceptions. CEF exclusively invests in London Good Delivery ("LGD") physical gold and silver bullion.
Unitholders can redeem their units for physical gold and silver bullion on a monthly basis, subject to certain minimum requirements.1
The Trust's metals will be held in custody by the Royal Canadian Mint, a Federal Crown Corporation of the Government of Canada. There is no levered financial institution between the unitholders and the Trust's physical bullion and no risk of financial loss in the event of a bankruptcy or nationalization of the financial institution.
The Trust offers a potential tax advantage for certain non-corporate U.S. investors. Gains realized on the sale of the Trust’s units can be taxed at a capital gains rate of 15%/20%2 versus the 28% collectibles rate applied to most precious metals ETFs, coins and bars.
Trust units can be purchased on any open trading day for the New York Stock Exchange or Toronto Stock Exchange. No need for investors to handle, secure or protect physical metal.
Trust units are highly liquid, with average daily trading volume of C$8 million, and can be sold on any open trading day for the New York Stock Exchange or Toronto Stock Exchange.
1 Please see “Redemption of Physical Gold and Silver” in the Management Information Circular.
2 15% for single filers earning under $400,000; 20% for married filers earning over $450,000 and single filers earning over $400,000. For more details, please see Tax Information and always consult your tax accountant regarding your particular situation.
The Sprott Physical Gold and Silver Trust is generally exposed to multiple risks that have been both identified and described in the Management Information Circular. Please refer to the Management Information Circular for a description of these risks.
Past performance is not an indication of future results. The information provided is general in nature and is provided with the understanding that it may not be relied upon as, nor considered to be, the rendering or tax, legal, accounting or professional advice. Readers should consult with their own accountants and/or lawyers for advice on the specific circumstances before taking any action. Sprott Asset Management LP is the investment manager to the Sprott Physical Gold & Silver Trust (the “Trust”). Important information about the Trust, including the investment objectives and strategies, applicable management fees, and expenses, is contained in the Management Information Circular. Please read the document carefully before investing. There are ongoing fees and expenses associated with owning units of a Trust. The Trust must prepare disclosure documents that contain key information about the Trust. You can find more detailed information about the Trust in these documents. Investment funds are not guaranteed, their values change frequently. This communication does not constitute an offer to sell or solicitation to purchase securities of the Trust. The information contained herein does not constitute an offer or solicitation to anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Views expressed regarding a particular company, security, industry or market sector should not be considered an indication of trading intent of any investment funds managed by Sprott Asset Management LP. These views are not to be considered as investment advice nor should they be considered a recommendation to buy or sell.
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