ETFS SILVER TRUST just came out with a new prospectus, available here. This is an SEC requirement for firms looking to issue certain types of securities. An excerpt of the prospectus is provided below:
424B3 1 sivr-20170905x10q.htm 424 supplement Silver Filed pursuant to Rule 424(b)(3) Registration Statement No. 333-218688 ETFS Silver Trust Supplement dated September 5, 2017 to the Prospectus dated June 28, 2017 This Supplement dated September 5, 2017 amends and supplements the prospectus dated June 28, 2017 (the “Prospectus”), and should be read in conjunction with, and must be delivered with, the Prospectus. In the section “CREATION AND REDEMPTION OF SHARES”: The first sentence of the fourth paragraph under the heading “CREATION AND REDEMPTION OF SHARES” is amended and restated in its entirety to read as follows: Prior to initiating any creation or redemption order, an Authorized Participant must have entered into an agreement with the Custodian or a silver clearing bank to establish an Authorized Participant Unallocated Account in London (Authorized Participant Unallocated Bullion Account Agreement). Authorized Participant Unallocated Accounts may only be used for transactions with the Trust. The first paragraph under the subheading “— Creation Procedures – Delivery of required deposits” is amended and restated in its entirety to read as follows: An Authorized Participant who places a purchase order is responsible for crediting its Authorized Participant Unallocated Account with the required silver deposit amount by the second business day in London following the purchase order date. Upon receipt of the silver deposit amount, the Custodian, after receiving appropriate instructions from the Authorized Participant and the Trustee, will transfer on the second business day following the purchase order date the silver deposit amount from the Authorized Participant Unallocated Account to the Trust Unallocated Account and the Trustee will direct DTC to EME_ACTIVE-567438614.1 credit the number of Baskets ordered to the Authorized Participant’s DTC account. The expense and risk of
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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