Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds
a) None.
b) Not applicable.
c) The Trust does not purchase Shares directly from its Shareholders.
In connection with its redemption of Creation Units held by Authorized Participants, the Trust redeemed 10,343 Creation Units (comprising
51,715,000 Shares) during the quarter ended June 30, 2025. The following table summarizes the redemptions of Shares by Authorized Participants
during the period:
Period
Total
Shares
Redeemed
Average
Price Per
Share
Maximum
number of
shares that
may yet be
purchased
April 1, 2025 - April 30, 2025
22,695,000
#
$
28.41
#
N/A
May 1, 2025 – May 31, 2025
17,700,000
#
$
34.55
#
N/A
June 1, 2025 - June 30, 2025
11,320,000
#
$
34.97
#
N/A
# On June 13, 2025 the Share Split occurred. Historical shares
outstanding and NAV per share have been adjusted to reflect the Share Split on a retroactive basis.
17
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.