64 unchanged sentences
British Pound Sterling deposits, interest bearing
−Removed: Redemptions payable
+Added: British Pound Sterling deposits, non-interest bearing
+Added: Receivable from accrued interest
Accrued Sponsor’s fee
27 unchanged sentences
Redemption of Shares
+Added: ( 135,687,854
Net Increase (Decrease) due to Share Transactions
14 unchanged sentences
Redemption of Shares
−Removed: ( 142,399,180
Net Increase (Decrease) due to Share Transactions
−Removed: Distributions
Net Comprehensive Income (Loss)
16 unchanged sentences
Cash flows from financing activities
+Added: Distributions paid to shareholders
Proceeds from purchases of redeemable capital Shares
16 unchanged sentences
The Transaction Agreement was consummated on April 6, 2018 (the “Closing”) and immediately following the Closing, Invesco Capital Management changed the name of the Sponsor to Invesco Specialized Products, LLC.
−Removed: On January 9, 2019, the Sponsor changed the Trust’s fiscal year from the period beginning on November 1 and ending on October 31 to the period beginning on January 1 and ending on December 31.
−Removed: Unless otherwise noted, all references to “years” in this report refer to the twelve-month fiscal year, which prior to November 1, 2018 ended on October 31 and beginning after December 31, 2018 ends on December 31 of each year.
Note 2 – Organization
35 unchanged sentences
The Trustee (as defined below) will direct that the excess British Pounds Sterling be converted into USD at the prevailing market rate and the Trustee will distribute the USD as promptly as practicable to Shareholders on a pro-rata basis (in accordance with the number of Shares that they own).
+Added: The table below shows distributions per Share and in total for the periods presented:
+Added: Years Ended December 31,
+Added: Distributions per Share
+Added: Distributions paid
+Added: An income distribution for the month ended December 31, 2022 was paid on January 10, 2023 to holders of record as of January 4, 2023 at a rate of $ 0.15751 per Share and a total distribution of $ 149,635 .
Routine Operational, Administrative and Other Ordinary Expenses
66 unchanged sentences
If the Trustee and the Sponsor determine that the most recent Closing Spot Rate is not an appropriate basis for valuation of the Trust’s British Pounds Sterling, they will determine an alternative basis for the valuation.
−Removed: The Trustee also determines the NAV per Share, which equals the NAV of the Trust, divided by the number of outstanding Shares.
+Added: The Trustee also determines the NAV per Share, which equals the NAV of the Trust, divided by the number of
+Added: outstanding Shares.
Shares deliverable under a purchase order are considered outstanding for purposes of determining NAV per Share;
7 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.