Sprott Physical Gold and Silver Trust USD T.CEF.A

Primary Symbol: T.CEF Alternate Symbol(s): CEF

Metals & Mining Industrial Metals & Minerals

Sprott Physical Gold and Silver Trust (the Trust) is a Canada-based closed-end mutual fund trust. The Trust invests and holds substantially all of its assets in physical gold and silver bullion and seeks to provide a secure, convenient and exchange-traded investment alternative for investors interested in holding physical bullion without the inconvenience which is typical of a direct investment in physical bullion. The Trust intends to achieve its objective by investing primarily in long-term holdings of unencumbered, fully allocated, physical gold and silver bullion, and does not speculate with regard to short-term changes in bullion prices. Sprott Asset Management LP is the manager of the Trust.

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Sprott Physical Gold and Silver Trust USD > another run at CEF

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Comment by Iskyhighon Mar 09, 2017 9:41am

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Post# 25956353

RE:RE:another run at CEF

see summer of 2015 for past legal actions

I see this from CEF,

This latest application to the Court is an attempt to utilize the arrangement provisions of the Alberta corporate legislation in a manner contrary to the accepted practice for approval of Plans of Arrangement, the basis of which is generally a consensual agreement between willing parties. This is nothing more than a hostile attempt to take-over management of Central Fund and its property.”

Class A shareholders currently have no possibility of consenting or not. This needs to be changed.