Racism, sexism and other forms of discrimination will not be tolerated. Avoid profanity, slander or personal attacks directed at an author or another user. Even negative opinions can be framed positively and diplomatically. Only post material that’s relevant to the topic being discussed.īe respectful.
However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Updated throughout the day, this shows the number of shares available to borrow.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. Open market or private sale of non-derivative or derivative securityĭisposition pursuant to a tender of shares in a change of control transactionĪcquisition or disposition by will or the laws of descent and distributionĮxercise of in-the-money or at-the-money derivative securityĭeposit into or withdrawal from voting trust Open market or private purchase of non-derivative or derivative security Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3Įxpiration (or cancellation) of long derivative position with value receivedĭiscretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securitiesĮxercise or conversion of derivative security exempted pursuant to Rule 16b-3Įxercise of out-of-the-money derivative security Grant, award or other acquisition pursuant to Rule 16b-3(d)ĭisposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e) The agreement between the trust and the custodian is governed by English law. Silver owned by the trust will be held by the custodian in England, and other locations that may be authorized in the future. is the sponsor of the trust, The Bank of New York is the trustee of the trust, and JPMorgan Chase Bank N.A., London branch, is the custodian of the trust. Barclays Global Investors International Inc. iShares will be offered to the public from time to time at prices that will reflect, among other things, the price of silver and the trading price of the iShares on the AMEX at the time of the offer. Only registered broker-dealers that become authorized participants by entering into a contract with the sponsor and the trustee may purchase or redeem Baskets. These transactions take place in exchange for silver. A block of 50,000 iShares is called a Basket.
The trust issues and redeems iShares only in blocks of 50,000 or integral multiples thereof. The trust intends to issue iShares on a continuous basis. Market prices for the iShares may be different from the net asset value per iShare. The objective of the trust is for the shares of the trust to reflect the price of silver owned by the trust less the trust's expenses and liabilities. The assets of the trust consist primarily of silver held by the custodian on behalf of the trust. The iShares Silver Trust issues shares representing fractional undivided beneficial interests in its net assets.
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