ETFS PALLADIUM 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 pall-20170905x10q.htm 424 supplement pall Filed pursuant to Rule 424(b)(3) Registration Statement No. 333-217470 ETFS Palladium Trust Supplement dated September 5, 2017 to the Prospectus dated May 11, 2017 This Supplement dated September 5, 2017 amends and supplements the prospectus dated May 11, 2017 (the “Prospectus”), and should be read in conjunction with, and must be delivered with, the Prospectus. In the secti on “CREATION AND REDEMPTION OF SHARES”: The last sentence of the first paragraph under “ – Loco London & Loco Zurich Platinum Delivery Elections” on page 35 is amended and restated to read as follows: If such a loco swap or physical transfer is necessary to effect a loco London or loco Zurich redemption, the settlement of loco London or loco Zurich redemption deliveries may be delayed more than two, but not more than five, business days. The fifth sentence of the first paragraph under the subheading “-- Creation Procedures” on page 35 is amended and restated to read as follows: Redemption settlements including palladium deliveries loco London may be delayed longer than two, but no more than five, business days following the redemption order date. The first paragraph under the subheading “— Creation Procedures – Delivery of required deposits” on page 36 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 palladium deposit amount by the second business day in London or Zurich following the purchase order date. Upon receipt of the palladium deposit amount, EME_ACTIVE-567438631.1 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 palladium deposit amount from the Aut
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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