Sprott Asset Management LP announced on March 31, 2025, that the Sprott Physical Platinum and Palladium Trust has updated its At-the-Market (ATM) equity program. This update allows for the issuance of an additional US$50 million of units in the United States and Canada.
The proceeds from this expanded ATM program are intended to be used by the Trust to acquire physical platinum and palladium bullion. This aligns with the Trust's objective to provide investors with direct exposure to these precious metals.
This financing initiative supports the continued growth of the Trust's assets under management. Distributions under this updated program will supersede 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.