64 unchanged sentences
Euro deposits, interest bearing
+Added: Receivable from accrued interest
+Added: Euro deposits, non-interest bearing, overdrawn
Accrued Sponsor's fee
3 unchanged sentences
Redeemable Capital Shares and Shareholders’ Equity
−Removed: Redeemable Capital Shares, at redemption value, no par value,
−Removed: 2,000,000 and 2,850,000 issued and outstanding, respectively
+Added: Redeemable Capital Shares, at redemption value, no par value, 2,900,000 and 2,000,000 issued and outstanding, respectively
Shareholders' Equity:
22 unchanged sentences
Net Increase (Decrease) due to Share Transactions
+Added: Distributions
Net Comprehensive Income (Loss)
29 unchanged sentences
Change in operating assets and liabilities:
+Added: Receivable from accrued interest
Accrued Sponsor’s fee
2 unchanged sentences
Cash flows from financing activities
+Added: Distributions paid to shareholders
Proceeds from purchases of redeemable capital Shares
18 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
31 unchanged sentences
Any interest below zero for the period is reflected as interest expense on currency deposits.
−Removed: The Depository may change the rate at which interest
−Removed: accrues, including reducing the interest rate to zero or below zero, based upon changes in market conditions or based on the Depository’s liquidity needs.
+Added: The Depository may change the rate at which interest accrues, including reducing the interest rate to zero or below zero, based upon changes in market conditions or based on the Depository’s liquidity needs.
Distributions
1 unchanged sentence
The Trustee (as defined below) will direct that the excess euro 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 $ 0.01745 per Share and a total distribution of $ 50,605 .
Routine Operational, Administrative and Other Ordinary Expenses
5 unchanged sentences
These exceptions include expenses not assumed by the Sponsor (i.e., expenses other than those identified in the preceding paragraph), expenses resulting from negative interest rates, taxes and governmental charges, expenses and costs of any extraordinary services performed by the Trustee or the Sponsor on behalf of the Trust or action taken by the Trustee or the Sponsor to protect the Trust or the interests of Shareholders, indemnification of the Sponsor under the Depositary Trust Agreement, audit fees and legal expenses in excess of $ 100,000 per year.
−Removed: The only expenses of the Trust during the years ended December 31, 2021 and 2020 were the Sponsor’s fee and interest expense.
+Added: The only expenses of the Trust during the years ended December 31, 2022 and December 31, 2021 were the Sponsor’s fee and interest expense.
Federal Income Taxes
68 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.