Sprott Physical Silver Trust has completed its initial public offering for gross proceeds of US$575 million, Sprott Asset Management LP said Wednesday.The 57.5 million units in the offering includes the exercise by the underwriters of their entire overallotment of 7.5 million units.The units are listed on the NYSE Arca (PSLV) and the Toronto Stock Exchange […]
Offering simultaneously made in the U.S. and Canada
Changes would bring lower management fees, new fund name if approved
Unitholder meetings planned for Nov. 25
Brokerage deal will allow Sprott to leverage its products and brands in the U.S. and internationally
Founder and now former CEO Eric Sprott wants to focus on “the macro outlook and micro analysis of companies”
Bambrough continues in his role as president; Eric Sprott assumes the position of chairman
Offering raises more than US$270 million
Third Eye Capital appointed sub-advisor
Invesco Trimark’s Ciampaglia picked to improve operational platform