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The latest update is out from Sprott Physical Platinum and Palladium Trust Trust Units ( (SPPP) ).
Sprott Physical Platinum and Palladium Trust has announced an update to its at-the-market equity program, allowing for the issuance of an additional $100 million in trust units in the U.S. and Canada. This move is expected to enhance the Trust’s ability to acquire more physical platinum and palladium bullion, aligning with its investment objectives. The sales will be conducted through various agents on the NYSE and TSX, with proceeds aimed at bolstering the Trust’s holdings in these metals, potentially impacting its market positioning and offering more investment opportunities for stakeholders.
More about Sprott Physical Platinum and Palladium Trust Trust Units
Sprott Physical Platinum and Palladium Trust is a closed-ended mutual fund trust that primarily invests in physical platinum and palladium bullion. The Trust is managed by Sprott Asset Management LP, a subsidiary of Sprott Inc., and focuses on providing investors with a secure and efficient way to invest in these precious metals.
Find detailed analytics on SPPP stock on TipRanks’ Stock Analysis page.