Item 5. Market for Registrant’s Common Equity
Item
5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
The
Trust was formed on January 11, 2018 (the “Date of Inception”) following an initial deposit of platinum. The Trust’s
Shares have been listed on the NYSE Arca under the symbol PLTM since its initial public offering on January 18, 2018. The following tables
set out the range of high and low closing prices for the Shares as reported for NYSE Arca transactions for each of the quarters during
the fiscal year ended June 30, 2023:
Fiscal
Year Ended June 30, 2023: Quarter Ended
High
Low
September 2022
$ 9.42
$ 8.10
December 2022
$ 10.50
$ 8.66
March 2023
$ 10.68
$ 8.89
June 2023
$ 10.97
$ 8.75
The
number of outstanding Shares of the Trust as of August 14, 2023 was 4,400,000.
Monthly
Share Price
The
following table sets forth, for each month since inception, the high and low closing prices of the Shares, as reported for NYSE Arca
transactions.
High
Low
July 2022
$ 8.78
$ 8.26
August 2022
$ 9.42
$ 8.28
September 2022
$ 9.02
$ 8.10
October 2022
$ 9.39
$ 8.66
November 2022
$ 10.15
$ 9.02
December 2022
$ 10.50
$ 9.57
January 2023
$ 10.68
$ 9.88
February 2023
$ 9.99
$ 8.89
March 2023
$ 9.79
$ 9.12
April 2023
$ 10.97
$ 9.71
May 2023
$ 10.90
$ 9.73
June 2023
$ 10.08
$ 8.75
Issuer
Purchase of Shares
The
Trust issues and redeems Shares only with Authorized Participants in exchange for platinum, only in aggregations of 50,000 Shares or
integral multiples thereof. A list of current Authorized Participants is available from the Sponsor or the Trustee and is included in
Item 7 of this report. Although the Trust does not purchase Shares directly from its Shareholders in connection with the redemption of
Baskets, the Trust redeemed as follows during the fiscal year ended June 30, 2023:
Month
Total
number of Shares redeemed
Average
ounces of platinum per Share
July 2022
50,000
0.009781
August 2022
300,000
0.009773
September 2022
50,000
0.009769
October 2022
-
-
November 2022
100,000
0.009763
December 2022
-
-
January 2023
-
-
February 2023
-
-
March 2023
150,000
0.009747
April 2023
750,000
0.009742
May 2023
-
-
June 2023
-
-
Total
1,400,000
0.009753
Item
6. Selected Financial Data
The
following selected financial data for the reporting periods should be read in conjunction with the Trust’s financial statements
and related notes and Management’s Discussion and Analysis of Financial Condition and Results of Operations.
June
30, 2023
June
30, 2022
(Amounts
in 000’s of US$, except per Share data)
Total
assets
$
34,934
$
44,821
Total
gain / (loss) on platinum
$
886
$
(7,413
)
Change
in net assets from operations
$
669
$
(7,623
)
Weighted
average number of Shares (in 000’s)
4,595
4,282
Net
increase / (decrease) in net assets per Share
$
0.15
$
(1.78
)
27
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.