31 unchanged sentences
each business day, as soon as practicable after 4:00 p.m.
−Removed: (New York time), the Trustee values the platinum held by the Trust and determines
+Added: (New York time), the Trustee evaluates the platinum held by the Trust and determines
the net asset value of the Trust and the NAV.
15 unchanged sentences
Fee through in-kind transfers of platinum to the Sponsor.
−Removed: At March 31, 2022 the Trust did not have any cash balances.
+Added: At September 30, 2023 the Trust did not have any cash balances.
Sheet Arrangements
10 unchanged sentences
of Operations
−Removed: Quarter Ended September 30, 2024
−Removed: Trust’s net asset value decreased from $43,119,274 on June 30, 2024 to $41,914,842 on September 30, 2024, a 2.79% decrease.
−Removed: Trust’s net asset value decreased due to the negative change in the price of platinum, which moved from $1,012.00 on June 30, 2024
−Removed: to $985.00 on September 30, 2024, or -2.67%.
−Removed: There were no changes in the number of shares outstanding, which remained at 4,400,000.
−Removed: 2.76% decrease in the Trust’s net asset value per share, from $9.80 on June 30, 2024 to $9.53 on September 30, 2024 is directly
+Added: Quarter Ended December 31, 2024
+Added: the quarter the Trust’s net asset value increased by 9.5% from $41,914,842 on September 30, 2024, to $45,904,688 on December 31,
+Added: The increase in the Trust’s net asset value was due to the increase in the number of Shares outstanding from 4,400,000 on
+Added: September 30, 2024, to 5,200,000 on December 31, 2024, an 18.2% increase.
+Added: The net 800,000 shares increase was the result of 20 creation
+Added: orders and 4 redemption orders (50,000 shares per creation and redemption).
+Added: The Trust’s net asset value was negatively affected
+Added: by the price of platinum, which decreased 7.2% from $985.00 on September 30, 2024, to $914.00 on December 31, 2024.
+Added: 7.4% decrease in the Trust’s net asset value per share from $9.53 at September 30, 2024 to $8.83 at December 31, 2024 is directly
related to the 7.2% decrease in the price of platinum.
−Removed: Trust’s net asset value per share decreased slightly more than the price of platinum on a percentage basis due to the
−Removed: Sponsor’s fees, which were $51,796 for the quarter, or 0.5% of the Trust’s average weighted net assets of $41,072,902
+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 $55,648 for the period, or 0.13% of the Trust’s average weighted net assets of $44,156,625 during the period.
+Added: The net asset value per share of $10.15 on October 29, 2024, was the highest during the period, compared with a low during the period
+Added: of $8.80 on September 04, 2024.
+Added: net decrease in net assets resulting from operations for the quarter ended December 31, 2024, was $3,386,561, resulting primarily from
+Added: an unrealized loss on investment in platinum bullion of $3,173,113, increased by a loss of $157,800 on metal sold to cover redemption
+Added: orders and Sponsor’s fees and by the Sponsor’s fees of $55,648.
+Added: Other than the Sponsor’s fees the Trust had no expenses
during the quarter.
−Removed: The net asset value per share of $9.91 on July 05, 2024 was the highest during the quarter, compared with a low
−Removed: during the quarter of $8.80 on September 04, 2024.
−Removed: net decrease in net assets resulting from operations for the quarter ended September 30, 2024 was $1,204,433, resulting from an unrealized
−Removed: loss on investment in platinum bullion of $1,149,099, a loss of $3,538 on metal sold to cover redemption orders and Sponsor’s fees,
−Removed: and the Sponsor’s fees of $51,796.
−Removed: Other than the Sponsor’s fees the Trust had no expenses during the quarter.
+Added: Months Ended December 31, 2024
+Added: Trust’s net asset value increased by 6.5% from $43,119,274 on June 30, 2024, to $45,904,688 on December 31, 2024.
+Added: in the Trust’s net asset value was due to the increase in the number of Shares outstanding from 4,400,000 on June 30, 2024, to
+Added: 5,200,000 on December 31, 2024, an 18.2% increase.
+Added: The net 800,000 shares increase was the result of 20 creation orders and 4 redemption
+Added: orders (50,000 shares per creation and redemption).
+Added: The Trust’s net asset value was negatively affected by the price of platinum,
+Added: which decreased 9.7% from $$1,012.00 on June 30, 2024, to $914.00 on December 31, 2024.
+Added: 9.9% decrease in the Trust’s net asset value per share from $9.80 on June 30, 2024, to $8.83 on December 31, 2024, is directly
+Added: related to the 9.7% 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 $107,444 for the period, or 0.25% of the Trust’s average weighted net assets of $42,627,725 during the period.
+Added: The net asset value per share of $10.15 on October 29, 2024, was the highest during the period, compared with a low during the period
+Added: of $8.80 on September 04, 2024.
+Added: decrease in net assets resulting from operations for the six-month period ended December 31, 2024, was $4,590,994, resulting primarily
+Added: from an unrealized gain on investment in platinum bullion of $4,322,212, increased by a loss of $161,338 on metal sold to cover redemption
+Added: orders and Sponsor’s fees and by the Sponsor’s fees of $107,444.
+Added: Other than the Sponsor’s fees the Trust had no expenses
+Added: 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.