Item 2. Unregistered Sales of Equity Securities
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
a)
None.
b)
Not applicable.
c)
As of the date of the formation of the Trust on November 12, 2004, the NAV of the Trust, which represents the value of the gold deposited in the Trust, was $13,081,500, and the NAV per Share was $43.60. Since formation and through December 31, 2020, 16,862 Baskets (1,686,200,000 Shares) have been created and 12,850 Baskets (1,285,000,000 Shares) have been redeemed.
Period
Total Number of
Shares
Redeemed
Average Ounces of Gold
Per Share
10/01/20 to 10/31/20
10,900,000
.09386
11/01/20 to 11/30/20
26,100,000
.09383
12/01/20 to 12/31/20
12,000,000
.09381
Total
49,000,000
.09383
15
Table of Contents
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.