0001387131-19-008221.txt : 20191101 0001387131-19-008221.hdr.sgml : 20191101 20191101160429 ACCESSION NUMBER: 0001387131-19-008221 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20191101 DATE AS OF CHANGE: 20191101 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Aberdeen Standard Gold ETF Trust CENTRAL INDEX KEY: 0001450923 STANDARD INDUSTRIAL CLASSIFICATION: [6221] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-217028 FILM NUMBER: 191186848 BUSINESS ADDRESS: STREET 1: C/O ABERDEEN STANDARD INVESTMENTS STREET 2: 712 FIFTH AVENUE, 49TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-446-2020 MAIL ADDRESS: STREET 1: C/O ABERDEEN STANDARD INVESTMENTS STREET 2: 712 FIFTH AVENUE, 49TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: ETFS Gold Trust DATE OF NAME CHANGE: 20081126 424B3 1 sgol-424b3_110119.htm PROSPECTUS

 

 

Filed pursuant to Rule 424(b)(3)

Registration Statement No. 333-217028

 

 

Aberdeen Standard Gold ETF Trust

(the “Trust”)

 

Supplement dated November 1, 2019 to the Prospectus dated March 30, 2017

 

This Supplement dated November 1, 2019 amends and supplements the prospectus for the Trust dated March 30, 2017, as supplemented to date (the “Prospectus”), and should be read in conjunction with, and must be delivered with, the Prospectus.

 

Effective November 4, 2019, (1) the Trust effected a ten-for-one forward share split of the Shares issued by the Trust (the “Split”), and (2) the number of Shares in a block that constitutes a Basket for creations and redemptions in the Trust increased from 50,000 Shares to 100,000 Shares (the “Basket Size Change”). As a result of the Split, every pre-Split Share held of record as of the close of the markets on October 31, 2019 was automatically exchanged for ten post-Split Shares. As a result of the Split and the Basket Size Change, the number of ounces of gold required to create a Basket or to be delivered upon the redemption of a Basket decreased from 5,000 ounces to 1,000 ounces. Therefore, effective November 4, 2019, (1) all references in the Prospectus to the number of Shares in a Basket are amended with the deletion of references to 50,000 Shares and replaced with 100,000 Shares, and (2) all references in the Prospectus to the number of ounces of gold required to create or redeem a Basket are amended with the deletion of references to 5,000 ounces and replaced with 1,000 ounces.

 

In the section entitled “BUSINESS OF THE TRUST,” under the heading “Hypothetical Expense Example,” the table is deleted in its entirety and replaced with the following:

 

   Year
    1    2    3 
Hypothetical gold price per ounce  $1,200.00   $1,200.00   $1,200.00 
Sponsor’s Fee   0.17%   0.17%   0.17%
Shares of Trust, beginning   1,000,000    1,000,000    1,000,000 
Ounces of gold in Trust, beginning   10,000.00    9,983.00    9,966.03 
Beginning adjusted net asset value of the Trust  $12,000,000   $11,979,600   $11,959,235 
Ounces of gold to be delivered to cover the Sponsor’s Fee   17.00    16.97    16.94 
Ounces of gold in Trust, ending   9,983.00    9,966.03    9,949.09 
Ending adjusted net asset value of the Trust  $11,979,600   $11,959,235   $11,938,904 
Ending NAV per share  $11.98   $11.96   $11.94 

 

The Prospectus remains unchanged in all other respects. Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Prospectus, as supplemented to date.

 

 

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Please retain this Supplement with your Prospectus for your reference.