Sprott Physical Copper Trust Files Preliminary Prospectus for Proposed Initial Public Offering
Sprott Inc. Common Shares (SII)
Company Research
Source: GlobeNewswire
TORONTO, May 13, 2024 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), on behalf of Sprott Physical Copper Trust (the “Trust”), announced that on May 13, 2024 a preliminary prospectus for the Trust was filed and receipted by the securities regulatory authorities of all the Canadian provinces and territories for an initial public offering (the “Offering”) of transferable units (the “Units”) at a price of US$10.00 per Unit. The number of Units to be sold has not yet been determined. The Trust is a closed-end trust established to invest and hold substantially all of its assets in physical copper metal (“Copper”). The net proceeds of the Offering will be used to purchase Copper. The Trust’s investment objectives are to provide a secure, convenient and exchange-traded investment alternative for investors interested in holding Copper without the inconvenience that is typical of a direct investment in Copper. The Trust does not anticipate making regular cash di
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- New Copper Fund Revives Controversial Product [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Sprott Physical Copper Trust Announces Closing of Initial Public Offering [Yahoo! Finance]Yahoo! Finance
- Sprott Physical Copper Trust Announces Filing of Final Prospectus for Initial Public Offering [Yahoo! Finance]Yahoo! Finance
- Sprott Inc. (NYSE: SII) was upgraded by analysts at TD Securities from a "hold" rating to a "strong-buy" rating.MarketBeat
SII
Sec Filings
- 5/14/24 - Form 13F-HR
- 5/8/24 - Form 6-K
- 5/8/24 - Form 6-K
- SII's page on the SEC website