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, 2024:
Fiscal
Year Ended June 30, 2024: Quarter Ended
High
Low
September 2023
$ 9.42
$ 8.10
December 2023
$ 10.50
$ 8.66
March 2024
$ 10.68
$ 8.89
June 2024
$ 10.97
$ 8.75
The
number of outstanding Shares of the Trust as of August 12, 2024 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 2023
$ 9.61
$ 8.85
August 2023
$ 9.56
$ 8.64
September 2023
$ 9.37
$ 8.59
October 2023
$ 9.10
$ 8.41
November 2023
$ 9.18
$ 8.24
December 2023
$ 9.76
$ 8.67
January 2024
$ 9.38
$ 8.62
February 2024
$ 8.81
$ 8.49
March 2024
$ 9.14
$ 8.57
April 2024
$ 9.53
$ 8.81
May 2024
$ 10.54
$ 9.25
June 2024
$ 9.89
$ 9.25
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, 2024:
Month
Total number of
Shares redeemed
Average ounces of
platinum per Share
July 2023
-
-
August 2023
400,000
0.001218
September 2023
-
-
October 2023
-
-
November 2023
50,000
0.000002
December 2023
-
-
January 2024
-
-
February 2024
-
-
March 2024
-
-
April 2024
-
-
May 2024
-
-
June 2024
-
-
Total
450,000
0.00122
27
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, 2024
June 30, 2023
(Amounts in 000’s of US$, except per Share data)
Total assets
$ 43,136
$ 34,934
Total gain / (loss) on platinum
$ 4,956
$ 886
Change in net assets from operations
$ 4,768
$ 669
Weighted average number of Shares (in 000’s)
4,139
4,595
Net increase / (decrease) in net assets per Share
$ 1.15
$ 0.15
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.