Sprott Physical Gold and Silver Trust (CE:CEF)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| Company Contact | |
| Address: | Royal Bank Plaza South Tower, 200 Bay Street, Suite 2600 TORONTO ON M5J 2J1 |
| Tel: | N/A |
| Website: | https://www.sprott.com/investment-strategies/physical-bullion-trusts/gold-and-silver |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Sprott Physical Gold and Silver Trust (the Trust) is a Canada-based closed-end mutual fund trust. The Trust invests and holds substantially all of its assets in physical gold and silver bullion and seeks to provide a secure, convenient and exchange-traded investment alternative for investors interested in holding physical bullion without the inconvenience, which is typical of a direct investment in physical bullion. The Trust intends to achieve its objective by investing primarily in long-term holdings of unencumbered, fully allocated, physical gold and silver bullion, and does not speculate with regard to short-term changes in bullion prices. Sprott Asset Management LP (the Manager) is the manager of the Trust. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Sprott Physical Gold and Silver Trust revenues increased from $23.7M to $329.2M. Net income increased from $4.7M to $308.5M. Revenues reflect Change in Unrealized Gain/Loss on Gold increase from -$448K to $300.1M, Net realized gains (losses) on redemptio increase of 21% to $29.2M. Net income benefited from Other income increase from $51K to $145K (income). |
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