Company Announcements

Sprott Trust Updates Fee Structure Amid Rising Costs

Sprott Physical Gold and Silver Trust Units (CEF) has released an update.

Sprott Physical Gold and Silver Trust has announced an updated fee structure due to increased redemption requests and operating costs at the Royal Canadian Mint’s Ottawa and Winnipeg facilities. The changes include an increase in standard redemption fees for the gold and silver trusts and the introduction of supplementary fees for multiple redemptions within a year. Despite higher costs, the new structure also allows for potential storage fee reductions for long-term holders.

For further insights into CEF stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskSprott Trust Reports Strong Bullion Gains in 2024
TipRanks Auto-Generated NewsdeskSprott Trust Reports Strong Q1 Performance
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App