The SPDR® S&P Capital Markets ETF announced that the Fund received payment as an authorized claimant from a class action settlement related to Bear Stearns…
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The total amount payable to the Fund is listed below. When the Fund calculates its net asset value (“NAV”) per share on Friday, October 31, 2014, it is estimated that the Fund’s NAV will be impacted by the receipt of the payment in the amount stated below based on the shares outstanding as of October 29, 2014.
Fund: SPDR® S&P Capital Markets ETF
Settlement Payment: $173,540
Shares Outstanding as of October 29, 2014: 3,900,000
Per Share Amount: $0.04450
State Street manages more than $413* billion in SPDR ETF assets worldwide (as of September 30, 2014) and is one of the largest ETF providers in the US and globally.
* Assets under management include the assets of the SPDR® Gold ETF (approximately $30 billion as of September 30, 2014), for which State Street Global Markets, LLC, an affiliate of SSgA, serves as the distribution agent.
Source: ETFWorld.com
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