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.
|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|
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
1 Effective June 20, 2019, Aberdeen Standard Physical Swiss Gold Shares ETF has been renamed Aberdeen Standard Physical Gold Shares ETF.
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
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.
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