The SPDR® Dow Jones Industrial Average ETF and SPDR® Global Dow ETF
(NYSE: DIA- News
and DGT- News),
announced today that the Funds received payment as an authorized
claimant from a class action settlement related to American
International Group, Inc.
The total amounts payable to the Funds are listed below. When the Funds
calculate their net asset value (“NAV”) per share on Wednesday, December
3, 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 December 1, 2014.
Fund
|
|
|
Settlement Payment
|
|
|
Shares Outstanding as of December 1, 2014
|
|
|
Per Share Amount
|
SPDR® Dow Jones Industrial Average ETF
|
|
|
$3,901,346
|
|
|
70,942,867
|
|
|
$0.0550
|
SPDR® Global Dow ETF
|
|
|
$ 23,687
|
|
|
1,600,464
|
|
|
$0.0148
|
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.
About State Street Global Advisors
State Street Global Advisors (SSgA) is a global leader in asset
management. The firm is relied on by sophisticated investors worldwide
for its disciplined investment process, powerful global investment
platform and access to every major asset class, capitalization range and
style. SSgA is the asset management business of State Street
Corporation, one of the world’s leading providers of financial services
to institutional investors.
Note to Editors: SPDR® Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of international
and domestic asset classes. SPDR ETFs provide professional investors
with the flexibility to select investments that are precisely aligned to
their investment strategy. Recognized as the industry pioneer, State
Street—in partnership with the American Stock Exchange—created the first
ETF in 1993 (SPDR S&P 500 – Ticker SPY). Since then, we’ve sustained our
place as an industry innovator through the introduction of many
ground-breaking products, including first-to-market successes with gold,
international real estate, international fixed income and sector ETFs.
SPDR ETFs are managed or marketed by SSgA or SSgA Funds Management, Inc,
a registered investment adviser and wholly owned subsidiary of State
Street Bank and Trust Company.
Because of their narrow focus, sector funds tend to be more volatile
than funds that diversify across many sectors and companies.Frequent
trading of ETFs could significantly increase commissions and other costs
such that they may offset any savings from low fees or costs.The “SPDR”
trademark is used under license from The McGraw-Hill Companies, Inc.
(“McGraw-Hill”). No financial product offered by State Street
Corporation or its affiliates is sponsored, endorsed, sold or promoted
by McGraw-Hill. S&P® is a trademark of McGraw-Hill and has been licensed
for use by State Street Bank and Trust Company.
Distributor: State Street Global Markets, LLC, member FINRA, SIPC, a
wholly owned subsidiary of State Street Corporation. ALPS Portfolio
Solutions Distributors, Inc., a registered broker-dealer, is distributor
for Select Sector SPDRs and ALPS Distributors, Inc. is distributor for
SPDR S&P 500, MidCap SPDRs and SPDR DJIA, all unit investment trusts .
References to State Street may include State Street Corporation and its
affiliates. Certain State Street affiliates provide services and receive
fees from the SPDR ETFs.
ETFs trade like stocks, are subject to investment risk and will
fluctuate in market value.
Before investing, consider the funds’ investment objectives, risks,
charges and expenses. To obtain a prospectus which contains this and
other information call 1-866-787-2257 or visit www.spdr.com.
Read it carefully.
SEL001542 Exp 12/31/14
CORP-1071
Copyright Business Wire 2014