Sprott Asset Management LP announced on April 11, 2025, that the Sprott Physical Gold Trust has updated its At-the-Market (ATM) equity program. This update allows for the issuance of an additional US$1 billion of units in the United States and Canada.
The proceeds from this significantly expanded ATM program are intended to be used by the Trust to acquire physical gold bullion. This action reinforces the Trust's primary objective of providing investors with direct, physical exposure to gold.
This substantial capital raising capacity is expected to contribute to the growth of the Trust's assets under management. Distributions under this updated program will replace those made under previous ATM prospectus supplements, including the one dated December 6, 2024.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.