62 unchanged sentences
of Operations
−Removed: Quarter Ended December 31, 2022
−Removed: Trust’s net asset value grew from $39,246,142 on September 30, 2022 to $48,318,362 on December 31, 2022, a 23.1% increase.
−Removed: growth in the Trust’s net asset value over this period was due to an increase in the platinum price which increased by 23.26%
−Removed: from $864.00 on September 30, 2022 to $1,065.00 on December 30, 2022.
−Removed: There was no net change in the number of shares
−Removed: 23.10% increase in the Trust’s net asset value per share, from $8.44 on September 30, 2022 to $10.39 on December 30, 2022 is directly
−Removed: related to the 23.26% increase in the price of platinum.
−Removed: Trust’s net asset value per share increased slightly less than the price of platinum on a percentage basis due to the
−Removed: Sponsor’s fees, which were $54,808 for the quarter, or 0.13% of the Trust’s average weighted net assets of $43,488,436
+Added: Quarter Ended March 31, 2023
+Added: Trust’s net asset value decreased from $48,318,362 on December 31, 2022 to $44,930,201 on March 31, 2023, a 7.0% decrease.
+Added: Trust’s net asset value decreased due to the negative change in the price of platinum, which moved from $1,065.00 on December 31,
+Added: 2022 to $981.00 on March 31, 2023, or 7.9%.
+Added: The change in platinum price was slightly reduced by a positive change in the number of shares
+Added: outstanding from 4,650,000 to 4,700,000, or 1.1%.
+Added: The 50,000 shares increase was the result of 4 creation orders and 3 redemption orders
+Added: (50,000 shares per creation and redemption order).
+Added: 8.0% decrease in the Trust’s net asset value per share, from $10.39 on December 31, 2022 to $9.56 on March 31, 2023 is directly
+Added: related to the 7.9% decrease in the price of platinum.
+Added: Trust’s net asset value per share decreased slightly more than the price of platinum on a percentage basis due to the Sponsor’s
+Added: fees, which were $56,536 for the quarter, or 0.12% of the Trust’s average weighted net assets of $45,875,634 during the quarter.
+Added: The net asset value per share of $10.73 on January 12, 2023 was the highest during the quarter, compared with a low during the quarter
+Added: of $8.89 on February 17, 2022.
+Added: net decrease in net assets resulting from operations for the quarter ended March 31, 2023 was $3,956,823, resulting from an unrealized
+Added: loss on investment in platinum bullion of $3,791,176, increased by a loss of $109,111 on metal sold to cover the redemption orders and
+Added: the Sponsor’s fees and increased by the Sponsor’s fees of $56,536.
+Added: Other than the Sponsor’s fees the Trust had no expenses
during the quarter.
−Removed: The net asset value per share of $10.39 on December 30, 2022 was the highest during the quarter, compared with a
−Removed: low during the quarter of $8.44 on October 02, 2022.
−Removed: increase in net assets resulting from operations for the quarter ended December 31, 2022 was $9,112,352 resulting from an realized gains
−Removed: on investment in platinum bullion of $9,176,282, decreased by (i) a loss of $9,122 on metal sold to cover the redemption orders and the
−Removed: Sponsor’s fees and (ii) the Sponsor’s fees of $54,808.
−Removed: Other than the Sponsor’s fees the Trust had no expenses during
−Removed: Months Ended December 31, 2022
−Removed: Trust’s net asset value increased by 7.85% from $44,801,455 on June 30, 2022 to $48,318,362 on December 31, 2022.
−Removed: in the Trust’s net asset value occurred was the result of a change in the price of platinum, which increased 17.42% from
−Removed: $907.00 on June 30, 2022 to $1,065.00 on December 31, 2022.
−Removed: The positive impact of platinum price on the Trust’s net asset
−Removed: value was reduced by a 7.9% reduction in the number of shares outstanding from 5,050,000 on June 30, 2022 to 4,650,000 on December
−Removed: 17.14% increase in the Trust’s net asset value per share, from $8.87 on June 30, 2022 to $10.39 on December 31, 2022 is directly
−Removed: related to the 17.42% increase in the price of platinum.
+Added: Months Ended March 31, 2023
+Added: Trust’s net asset value remained stable from $44,801,455 on June 30, 2022 to $44,930,201 on March 31, 2023, a 0.3% increase.
+Added: Trust’s number of shares outstanding decreased from 5,050,000 to 4,700,000 over this period, or 6.9%.
+Added: The 350,000 shares decrease
+Added: was the net result of 6 creations orders and 13 redemption orders (50,000 shares per creation and redemption order).
+Added: The negative impact
+Added: in number of shares outstanding was reduced by the price of platinum, which increased 8.2% from $907.00 on June 30, 2022 to $981.00 on
+Added: March 31, 2023.
+Added: 7.8% increase in the Trust’s net asset value per share, from $8.87 on June 30, 2022, to $9.56 on March 31, 2023 is directly related
+Added: to the 8.2% increase in the price of platinum.
Trust’s net asset value per share increased slightly less than the price of platinum on a percentage basis due to the Sponsor’s
fees, which were $164,981 for the period, or 0.375% of the Trust’s average weighted net assets of $43,960,196 during the period.
−Removed: The net asset value per share of $10.39 on December 30,2022 was the highest during the period, compared with a low during the period
+Added: The net asset value per share of $10.73 on January 12, 2022 was the highest during the period, compared with a low during the period
of $8.12 on July 15, 2022.
−Removed: increase in net assets resulting from operations for the 6 months period ending December 31, 2022 was $6,882,842, resulting from an unrealized
−Removed: gain on investment in platinum bullion of $7,749,717, decreased by (i) a loss of $758,431 on metal sold to cover the redemption orders
−Removed: and the Sponsor’s fees, and (ii) the Sponsor’s fees of $108,444.
−Removed: Other than the Sponsor’s fees the Trust had no expenses
−Removed: during the quarter.
+Added: increase in net assets resulting from operations for the 9 months period ending March 31, 2023 was $2,926,019, resulting from an unrealized
+Added: gain on investment in platinum bullion of $3,958,542, decreased by a loss of $867,542 on metal sold to cover the redemption orders and
+Added: the Sponsor’s fees, and increased by the Sponsor’s fees of $164,981 Other than the Sponsor’s fees the Trust had no
+Added: expenses during the quarter.
Quantitative and Qualitative Disclosures About Market Risk
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.