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


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

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.


TSX:CEF - Post by User

Comment by hintonkidon Jan 21, 2018 4:27pm
57 Views
Post# 27404396

RE:Takeover Pricing per Share

RE:Takeover Pricing per ShareI trade through RBC Direct.  It took them a while to finally get the trading symbols sorted out.

Prior to the takeover the TSX symbol was CEF.A and the US trading symbol was CEF.U.  Now the TSX trading symbol is CEF.U and the US symbol is CEF.  When I checked my account, the other day, as I said, they had the symbols correct for the new CEF trust but they were showing the data for CEF.U in the US dollars instead of CAD$.  I tried to complete a trading transaction, anyway, but it just showed the trade as 'OPEN' and it didn't want to complete so I just cancelled the transaction.  I am assuming that they are still working, on this side of the border, to get things up and running so the trust can be traded by Canadian investors in CDN$.  Sprott had indicated that it might take sometime for trading to begin for the Sprott Physical Gold and Silver Trust but that things should be ready to go by the end of the month.
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