ETFS SILVER TRUST just filed a prospectus, suggesting it plans to soon issue some securities

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:

USE
OF PROCEEDS

 

Proceeds
received by the Trust from the issuance and sale of Baskets, including the Shares (which are described on the front page of this
prospectus) consist of silver deposits and, possibly from time to time, cash. Pursuant to the Trust Agreement, during the life
of the Trust such proceeds will only be (1) held by the Trust, (2) distributed to Authorized Participants in connection with the
redemption of Baskets or (3) disb ursed to pay the Sponsor’s Fee or sold as needed to pay the Trust’s expenses not
assumed by the Sponsor.

 

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Annual report [Section 13 and 15(d), not S-K Item 405] - Sept. 29, 2022

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