Business
Sprott Physical Silver Trust Now Fully Invested
Sprott Physical Silver Trust Now Fully Invested
About this update from Sprott Inc.
[{"type":"text","content":"\n\n\n\n Nov. 8, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO, Nov. 8 /CNW/ - Sprott Inc. (TSX: SII) ("Sprott") today announced that Sprott Physical\n Silver Trust (the "Trust"), a trust created to invest and hold\n substantially all its assets in physical silver bullion and managed by\n Sprott Asset Management LP, a wholly-owned subsidiary of Sprott, has\n invested substantially all of the proceeds of its recent Initial Public\n Offering in silver bullion.  The Trust has purchased 21,942,926 ounces\n of silver at an average cost of $24.24 per ounce.\n\n\nThe Units are listed on the NYSE Arca and the Toronto Stock Exchange\n under the symbols 'PSLV' and 'PHS.U', respectively.\n\n\nAdditional detail on the Trust can be found in the final prospectus\n available on EDGAR (www.edgar.com) and SEDAR (www.sedar.com) or on the\n Trust's website at www.sprottphysicalsilvertrust.com.\n\n\nAbout Sprott Asset Management\n\n\nSprott Asset Management LP. (www.sprott.com), a wholly owned subsidiary of Sprott Inc. (www.sprottinc.com) is a fund company dedicated to achieving superior returns for its\n investors over time. SAM manages assets primarily for institutions,\n endowments and high net worth individuals. Sprott Asset Management LP\n is the investment manager of the Sprott Funds. Commissions, trailing\n commissions, management fees and expenses all may be associated with\n mutual fund investments. Please read the prospectus before investing.\n Mutual F...