Sprott Physical Bullion Trusts
Direct Registration System
Hold Trust Units in Your Name through DRS
The Direct Registration System (DRS) is offered by and only through the Trusts' transfer agents and enables you to hold Trust units in your name directly rather than through a third-party financial advisor or broker. DRS allows your Trust units to be held in "book-entry" form without having a physical security certificate issued as evidence of ownership. If you hold Trust units through DRS, your ownership is evidenced on the books and records of the Trust directly, as opposed to holding units through a broker who is registered as the "owner" on the books of the Trust.
Overview of the Direct Registration System
The following video is provided by Computershare and is intended for general information purposes only. (Please note: Computershare is the transfer agent for U.S. unitholders only, and TSX Trust Company is for Canadian unitholders.)
Key Benefits of DRS
- Avoid the risks and costs associated with the storage and delivery of paper certificates
- Enjoy a convenient, low-cost sales facility
- Receive increased efficiency of transfer and sales
- Move shares electronically between a transfer agent and broker
- Avoid lost or stolen certificates and replacement fees (3% of the market value)
- Receive timely notification and immediate receipt of many corporate action entitlements
- Receive clear accounting and an audit trail of assets on statements of holdings
- Have no risk of fraudulent presentation of previously cancelled certificates
If you are interested in DRS, please contact your financial advisor or the Trusts’ transfer agents directly:
U.S. Unitholders
Computershare
By Mail
P.O. BOX 43006
Providence RI 02940-3078
Attn: Investor Services
By Overnight Delivery
150 Royall St., Suite 101
Canton, MA 02021
By Telephone
Tel: 800.446.2617
Canadian Unitholders
TSX Trust Company
Please read the instructions and complete this form:
TSX DRS Transaction Form
If you have questions, you may reach TSX Trust Company:
By Mail
TSX Trust Company
Attn: Investor Services
301-100 Adelaide Street West
Toronto, ON M5H 4H1
By Telephone
Tel Toll-Free: 866.600.5869
Local/Direct: 416.342.1091
By Email
TMXEinvestorservices@tmx.com
Or please contact us at 888.622.1813 or invest@sprott.com to find out more.
†The Trusts are closed-end funds established under the laws of the Province of Ontario in Canada and are available to U.S. investors by way of listings on the NYSE Arca pursuant to the U.S. Securities Exchange Act of 1934. The Trusts are not registered as investment companies under the U.S. Investment Company Act of 1940.
Important Dislosures
Sprott Physical Bullion Trusts
Sprott Physical Bullion Trusts (the “Trusts”) are closed-end funds established under the laws of the Province of Ontario in Canada. The Trusts are available to U.S. investors by way of listing on the NYSE Arca pursuant to the U.S. Securities Exchange Act of 1934. The Trusts are not registered as investment companies under the U.S. Investment Company Act of 1940.
The Trusts are generally exposed to multiple risks that have been both identified and described in each Fund’s prospectus, which can be found here: Sprott Physical Gold Trust, Sprott Physical Silver Trust, Sprott Physical Gold and Silver Trust and Sprott Physical Platinum and Palladium Trust.
Please refer to each Fund’s prospectus for a description of these risks. Relative to other sectors, precious metals and natural resources investments have higher headline risk and are more sensitive to changes in economic data, political or regulatory events, and underlying commodity price fluctuations. Risks related to extraction, storage, and liquidity should also be considered.
Gold and precious metals are referred to with terms of art like store of value, safe haven, and safe asset. These terms should not be construed to guarantee any form of investment safety. While “safe” assets like gold, Treasuries, money market funds, and cash generally do not carry a high risk of loss relative to other asset classes, any asset may lose value, which may involve the complete loss of invested principal.
All data is in U.S. dollars unless otherwise noted.
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 tax, legal, accounting or professional advice. Readers should consult with their own accountants and/or lawyers for advice on their specific circumstances before taking any action. Sprott Asset Management LP is the investment manager to the Trusts. Important information about the Trusts, including the investment objectives and strategies, applicable management fees, and expenses, is contained in each Fund’s prospectus. Please read the prospectus carefully before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or operational charges or income taxes payable by any unitholder that would have reduced returns. You will usually pay brokerage fees to your dealer if you purchase or sell units of the Trusts on the Toronto Stock Exchange (“TSX”) or the New York Stock Exchange (“NYSE”). If the units are purchased or sold on the TSX or the NYSE, investors may pay more than the current net asset value when buying units of the Trusts and may receive less than the current net asset value when selling them. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. 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.