iShares Physical Gold ETC Tranche 2383 Issuance Details and Stock Market AI Revolution
iShares Physical Metals Plc recently issued 1.05 million securities of its iShares Physical Gold ETC, known as Tranche Number 2383. The securities were issued under the company’s Secured Precious Metal Linked Securities Programme. The issue price for each security was set at $80.11, with a metal entitlement of 0.019413133 fine troy ounces of gold per security. This issuance increases the total number of securities in the series from 395,319,777 to 396,369,777. The securities are listed on the London Stock Exchange and the Frankfurt Stock Exchange.
The iShares Physical Gold ETC securities are backed by allocated physical gold held by JPMorgan Chase Bank, N.A., London Branch, serving as the metal counterparty. These securities have a total expense ratio of 0.12% per annum. They are undated with no final maturity date, offering investors exposure to gold without the need for physical delivery of the metal. The securities can be traded through financial intermediaries on the exchanges where they are listed. This information was disclosed in a regulatory filing based on a press release from the company.
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