State Street Global Advisors Announces Impact of Receiving Payment
The SPDR Exchange Traded Fund (ETF) listed in the table below, announced today that it received a payment as an authorized claimant from a class action settlement related to Virtus Investment Partners, Inc. (NYSE: VRTS).
The total payment to be received by the Fund is listed below. When the Fund calculates its net asset value (“NAV”) per share on Thursday, November 21 2019, it is estimated that the Fund’s NAV will be impacted by the amount stated below based on shares outstanding as of November 19, 2019.
Fund |
Payment |
Shares |
Per |
|
SPDR S&P Capital Markets ETF (KCE) |
$99,362 |
650,000 |
$0.1529 |
|
|
|
|
|
About SPDR Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of international and domestic asset classes. SPDR ETFs are managed by SSGA Funds Management, Inc., a registered investment adviser and wholly owned subsidiary of State Street Corporation. The funds provide investors with the flexibility to select investments that are precisely aligned to their investment strategy. Recognized as an industry pioneer, State Street created the first US listed ETF in 1993 and has remained on the forefront of responsible innovation, as evidenced by the introduction of many ground-breaking products, including first-to-market launches with gold, international real estate, international fixed income, and sector ETFs. For more information, visit www.spdrs.com.
About State Street Global Advisors
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For four decades, State Street Global Advisors has served the world’s governments, institutions and financial advisors. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become the world’s third largest asset manager with nearly US $2.95 trillion* under our care.