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:
P.O. BOX 43006
Providence RI 02940-3078
Attn: Investor Services
By Overnight Delivery
150 Royall St., Suite 101
Canton, MA 02021
Please read the instructions and complete this form:
TSX DRS Transaction Form
If you have questions, you may reach TSX Trust Company:
TSX Trust Company
Attn: Investor Services
301-100 Adelaide Street West
Toronto, ON M5H 4H1
Tel Toll-Free: 866.600.5869
Or please contact us at 888.622.1813 or email@example.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.
††SESG is a U.S. registered exchange traded fund established pursuant to the U.S. Securities Act of 1933 and is listed on the NYSE Arca.
Sprott Physical Bullion Trusts
The Sprott Physical Bullion Trusts are generally exposed to multiple risks that have been both identified and described in the Prospectus. Please refer to the Prospectus for a description of these risks. This material must be preceded or accompanied by a prospectus. For an additional copy of the prospectus please visit https://sprott.com/investment-strategies/physical-bullion-trusts/.
Precious metals investments are more volatile on a daily basis and have higher headline risk than other sectors as they tend to be more sensitive to economic data, political and regulatory events as well as underlying commodity prices. Precious metals investments have price fluctuations based on short-term dynamics partly driven by demand/supply and also by investment flows. Precious metals investments tend to react more sensitively to global events and economic data than other sectors.
Sprott Asset Management LP is the investment manager to the Sprott Physical Bullion Trusts (the “Trusts”). Important information about the Trusts, including the investment objectives and strategies, purchase options, applicable management fees, and expenses, is contained in the prospectus. Please read the prospectus carefully before investing. You will usually pay brokerage fees to your dealer if you purchase or sell units of the Trust 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 or shares of the Trust 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. This communication does not constitute an offer to sell or solicitation to purchase securities of the Trusts.
The risks associated with investing in a Trust depend on the securities and assets in which the Trust invests, based upon the Trust’s particular objectives. There is no assurance that any Trust will achieve its investment objective, and its net asset value, yield and investment return will fluctuate from time to time with market conditions. There is no guarantee that the full amount of your original investment in a Trust will be returned to you. The Trusts are not insured by the Canada Deposit Insurance Corporation or any other government deposit insurer. Please read a Trust’s prospectus before investing. 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. Prospective investors who are not resident in Canada or the United States should contact their financial advisor to determine whether securities of the Funds may be lawfully sold in their jurisdiction. 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 their specific circumstances before taking any action.