Sprott Physical Platinum and Palladium Trust Updates Its “At-the-Market” Equity Program
Sprott Physical Platinum and Palladium Trust Updates Its “At-the-Market” Equity Program
TORONTO, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Sprott Asset Management LP ("Sprott Asset Management"), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Platinum and Palladium Trust (NYSE: SPPP) (TSX: SPPP / SPPP.U) (the "Trust"), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical platinum and palladium bullion, today announced that it has updated its at-the-market equity program to issue up to US$100 million of units of the Trust ("Units") in the United States and Canada.
多倫多，2022年8月16日(Global Newswire)--Sprott Inc.的子公司Sprott Asset Management LP(以下簡稱Sprott Asset Management LP)今天宣佈，該公司已更新其在市場上的股票計劃，將在美國和加拿大發行高達1億美元的Sprott實物鉑鈀信託(紐約證券交易所代碼：SPPP)(多倫多證券交易所代碼：SPPP/SPPP.U)(該信託是一家封閉式共同基金信託，旨在投資和持有其幾乎所有的實物鉑和鈀金條)。
Distributions under the at-the-market equity programs in the United States and Canada (together, the "ATM Program") will be completed in accordance with the terms of an amended and restated sales agreement (the "Sales Agreement") dated October 21, 2020 between Sprott Asset Management (as the manager of the Trust), the Trust, Cantor Fitzgerald & Co. ("CF&Co"), Virtu Americas LLC ("Virtu" and together with CF&Co, the "U.S. Agents") and Virtu ITG Canada Corp., as amended on August 16, 2022 (the "Canadian Agent" and together with the U.S. Agents, the "Agents"). The Sales Agreement is available on EDGAR at the SEC's website at www.sec.gov and the SEDAR website maintained by the Canadian Securities Administrators at .
根據美國和加拿大市場股權計劃(統稱“ATM計劃”)進行的分配將根據Sprott Asset Management(作為信託基金的管理人)、The Trust，Cantor Fitzgerald&Co.(“CF&Co”)、Virtu America LLC(“Virtu”，以及CF&Co，“U.S.Agents”)和Virtu ITG Canada Corp.之間於2020年10月21日修訂的銷售協議(“銷售協議”)的條款完成。2022年(“加拿大代理商”，與美國代理商一起，“代理商”)。銷售協議可在EDGAR的美國證券交易委員會網站www.sec.gov和由加拿大證券管理人維護的SEDAR網站上獲得。
Sales of Units through the Agents, acting as agent, will be made through "at the market" issuances on the NYSE Arca ("NYSE") and the Toronto Stock Exchange ("TSX") or other existing trading markets in the United States and Canada at the market price prevailing at the time of each sale, and, as a result, sale prices may vary. Neither U.S. Agent is registered as a dealer in any Canadian jurisdiction and, accordingly, the U.S. Agents will only sell Units on marketplaces in the United States and are not permitted to and will not, directly or indirectly, advertise or solicit offers to purchase any Units in Canada. The Canadian Agent may only sell Units on marketplaces in Canada.
作為代理的代理商將通過在紐約證券交易所(“NYSE”)和多倫多證券交易所(“多倫多證券交易所”)或美國和加拿大的其他現有交易市場“按市場”發行單位，以每次銷售時的市場價格進行銷售，因此，銷售價格可能會有所不同。這兩家美國代理商都沒有在加拿大的任何司法管轄區註冊為經銷商，因此，美國代理商將只在美國的市場上銷售單位，不允許也不會直接或間接地宣傳或徵求在加拿大購買任何單位的報價。加拿大代理商只能在加拿大的市場上銷售設備。
The volume and timing of distributions under the ATM Program, if any, will be determined in the Trust's sole discretion. The Trust intends to use the proceeds from the ATM Program, if any, to acquire physical gold bullion in accordance with the Trust's objective and subject to the Trust's investment and operating restrictions.
自動櫃員機計劃下的分發數量和時間(如果有的話)將由信託公司自行決定。信託基金打算根據信託基金的目標並受信託基金的投資和經營限制，使用自動櫃員機計劃的收益(如果有的話)購買實物金條。
The offering under the ATM Program is being made pursuant to a prospectus supplement dated August 16, 2022 (the "U.S. Prospectus Supplement") to the Trust's U.S. base prospectus (the "U.S. Base Prospectus") included in its registration statement on Form F-10 (the "Registration Statement") (File No. 333-266898) filed with the United States Securities and Exchange Commission (the "SEC") on August 15, 2022, and pursuant to a prospectus supplement dated August 16, 2022 (the "Prospectus Supplement") to the Trust's Canadian short form base shelf prospectus dated August 15, 2022 (the "Base Shelf Prospectus" and together with the Prospectus Supplement, the U.S. Prospectus Supplement, the U.S. Base Prospectus and the Registration Statement, the "Offering Documents"). The U.S. Prospectus Supplement, the U.S. Base Prospectus and the Registration Statement are available on EDGAR at the SEC's website at www.sec.gov, and the Prospectus Supplement and the Base Shelf Prospectus are available on the SEDAR website maintained by the Canadian Securities Administrators at .
自動櫃員機計劃下的發售是根據於2022年8月15日提交給美國證券交易委員會(“美國證券交易委員會”)的F-10表格註冊説明書(“註冊説明書”)(文件編號333-266898)中包含的信託美國基礎招股説明書(“美國基礎招股説明書”)2022年8月16日的招股説明書補編(“美國招股説明書補編”)以及日期為8月15日的信託加拿大短格式基礎貨架招股説明書的招股説明書補編(“招股説明書補編”)進行的。2022年(《基地架招股説明書》，連同《招股説明書補編》、《美國招股説明書補編》、《美國基地招股説明書》和《註冊説明書》，稱為《發售文件》)。美國招股章程副刊、美國基礎招股章程和註冊説明書可在EDGAR的美國證券交易委員會網站www.sec.gov上查閲，招股説明書補編和基礎架子招股説明書可在加拿大證券管理人維護的SEDAR網站上查閲。
Before you invest, you should read the Offering Documents and other documents that the Trust has filed for more complete information about the Trust, the Sales Agreement and the ATM Program.
在您投資之前，您應該閲讀發行文件和信託提交的其他文件，以獲得關於信託、銷售協議和自動取款機計劃的更完整的信息。
Listing of the Units sold pursuant to the ATM Program on the NYSE and the TSX will be subject to fulfilling all applicable listing requirements.
根據自動櫃員機計劃出售的單位在紐約證券交易所和多倫多證券交易所上市須符合所有適用的上市要求。
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualifications under the securities laws of any such jurisdiction.
本新聞稿不應構成出售要約或徵求購買要約，也不應在任何司法管轄區出售這些證券，如果在任何司法管轄區的證券法規定的註冊或資格之前，要約、徵求或出售是非法的。
About Sprott Asset Management and the Trust
Sprott Asset Management, a subsidiary of Sprott Inc., is the investment manager to the Trust. Important information about the Trust, including its investment objectives and strategies, applicable management fees, and expenses, is contained in the Trust's annual information form for the year ended December 31, 2021 (the "AIF"), which can be found on , in the U.S. on www.sec.gov and in Canada on . Commissions, management fees, or other charges and expenses may be associated with investing in the Trust. The performance of the Trust is not guaranteed, its value changes frequently and past performance is not an indication of future results.
關於斯普羅特資產管理和信託
Sprott Inc.的子公司Sprott Asset Management是該信託基金的投資管理公司。關於該信託基金的重要信息，包括其投資目標和戰略、適用的管理費和開支，包含在該信託基金截至2021年12月31日的年度信息表格(“AIF”)中，該表格可在、美國的www.sec.gov和加拿大的上找到。佣金、管理費或其他費用和開支可能與投資信託基金有關。信託基金的業績不受保證，其價值經常變化，過去的業績不能預示未來的結果。
To learn more about the Trust, please visit .
要了解更多關於信託基金的信息，請訪問。
Caution Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable United States securities laws and forward-looking information within the meaning of Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements in this press release include, without limitation, statements regarding the ATM Program, including the intended use of proceeds from any sale of Units and the timing and ability of the Trust to obtain all necessary regulatory approvals. With respect to the forward-looking statements contained in this press release, the Trust has made numerous assumptions regarding, among other things: the price of gold and anticipated costs and the impact of the COVID-19 pandemic on the Trust's business, financial condition and results of operations. While the Trust considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors that could cause the Trust's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this press release. A discussion of risks and uncertainties facing the Trust appears in the AIF, and the Offering Documents, each as updated by the Trust's continuous disclosure filings, which are available at www.sec.gov and . All forward-looking statements herein are qualified in their entirety by this cautionary statement, and the Trust disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law.
有關前瞻性陳述的注意事項
本新聞稿包含適用的美國證券法定義的前瞻性陳述和加拿大證券法定義的前瞻性信息(統稱為“前瞻性陳述”)。本新聞稿中的前瞻性陳述包括但不限於關於自動櫃員機計劃的陳述，包括任何單位銷售收益的預期用途以及信託公司獲得所有必要的監管批准的時間和能力。關於本新聞稿中包含的前瞻性陳述，信託基金對以下方面做出了許多假設：黃金價格和預期成本，以及新冠肺炎疫情對信託基金業務、財務狀況和經營結果的影響。儘管信託基金認為這些假設是合理的，但這些假設本身就受到重大商業、經濟、競爭、市場和社會不確定因素和意外情況的影響。此外，存在已知和未知的風險因素，可能導致信託公司的實際結果、業績或成就與本新聞稿中包含的前瞻性陳述中明示或暗示的任何未來結果、業績或成就大不相同。對信託公司面臨的風險和不確定性的討論出現在AIF和發售文件中，每一份文件都由信託公司的持續披露文件更新，這些文件可在www.sec.gov和。本文中的所有前瞻性陳述均受本警示聲明的約束，信託公司沒有義務修改或更新任何此類前瞻性陳述，或公開宣佈對本文中包含的任何前瞻性陳述進行任何修改的結果，以反映未來的結果、事件或發展，除非法律另有要求。
For more information:
有關詳細信息，請參閲：
Glen Williams
Managing Director, Investor and Institutional Client Relations
Tel: 416.943.4394
Email: gwilliams@sprott.com
格倫·威廉姆斯
管理董事、投資者和機構客户關係
電話：416.943.4394
電子郵件：gwilliams@sprott.com
譯文內容由第三人軟體翻譯。