Sprott Asset Management Inc. will change the investment strategies of Sprott All Cap Fund effective March 20, the company said Friday.
The change allows the fund to invest in gold and silver when deemed appropriate by the portfolio advisor of the fund.
The fund obtained exemptive relief from the Canadian securities regulatory authorities on February 23 to permit it to invest up to 20% in total of its net asset value, taken at market value at the time of the
purchase, directly in gold, permitted gold certificates, silver, certain silver certificates, and specified derivatives of which the underlying
interest is gold or silver.
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