8 unchanged sentences
and the custodian is ICBC Standard Bank Plc (the “Custodian”).
−Removed: Trust’s Shares at redeemable value increased from $37,477,854 at June 30, 2021 to $44,801,455, at June 30, 2022, the Trust’s
+Added: Trust’s Shares at redeemable value decreased from $44,801,455, at June 30, 2022 to $34,919,057, at June 30, 2023, the Trust’s
fiscal year end.
−Removed: The Outstanding Shares in the Trust increased from 3,600,000 Shares on June 30, 2021 to 5,050,000 Shares on June 30,
+Added: The Outstanding Shares in the Trust decreased from 5,050,000 Shares on June 30, 2022 to 4,000,000 Shares on June 30,
Trust is not managed like a corporation or an active investment vehicle.
85 unchanged sentences
Platinum Supply and Demand 2018–2022
−Removed: following table sets forth a summary of the world platinum supply and demand for the last ten years and is based on information reported
+Added: following table sets forth a summary of the world platinum supply and demand for the last five years and is based on information reported
by the PGM 2023 Market Report prepared by Johnson Matthey.
3 unchanged sentences
Autocatalyst Recycling
−Removed: Jewelry and Electrical Recycling
+Added: Jewelry and Electrical
Autocatalysts
Medical and biomedical
−Removed: Movement in Stocks
Johnson Matthey, PGM Market Report 2022, published May 2023
254 unchanged sentences
Sponsor is a Delaware limited liability company and was formed on January 6, 2017.
−Removed: The Sponsor’s office is located at 205 Hudson
−Removed: Street, New York, New York 10013.
−Removed: Under the Delaware Limited Liability Company Act and the governing documents of the Sponsor, the sole
−Removed: member of the Sponsor, GraniteShares, Inc., is not responsible for the debts, obligations and liabilities of the Sponsor solely by reason
−Removed: of being the sole member of the Sponsor.
+Added: The Sponsor’s office is located at 222 Broadway,
+Added: 22 nd Floor, New York, New York 10038.
+Added: Under the Delaware Limited Liability Company Act and the governing documents of the
+Added: Sponsor, the sole member of the Sponsor, GraniteShares, Inc., is not responsible for the debts, obligations and liabilities of the Sponsor
+Added: solely by reason of being the sole member of the Sponsor.
Sponsor’s Role
424 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.