Item 8. Financial Statements and Supplementary Data
Item
8. Financial Statements and Supplementary Data (Unaudited)
Quarterly
Income Statements
Year Ended December 31, 2023
Three months ended
Year ended
(Amounts in 000’s of US$, except for Share and per Share data)
March 31
June 30
September 30
December 31
December 31
EXPENSES
Sponsor’s Fee
$ 1,512
$ 1,459
$ 1,432
$ 1,369
$ 5,772
Total expenses
1,512
1,459
1,432
1,369
5,772
Net investment loss
(1,512 )
(1,459 )
(1,432 )
(1,369 )
(5,772 )
REALIZED AND UNREALIZED GAINS / (LOSSES)
Realized gain / (loss) on platinum transferred to pay expenses
74
83
(35 )
(116 )
6
Realized gain / (loss) on platinum distributed for the redemption of Shares
4,770
4,630
(326 )
(1,010 )
8,064
Change in unrealized gain / (loss) on investment in platinum
(55,538 )
(86,275 )
28,301
78,410
(35,102 )
Total gain / (loss) on investment in platinum
(50,694 )
(81,562 )
27,940
77,284
(27,032 )
Change in net assets from operations
$ (52,206 )
$ (83,021 )
$ 26,508
$ 75,915
$ (32,804 )
Net increase / (decrease) in net assets per Share
$ (4.73 )
$ (7.85 )
$ 2.47
$ 7.08
$ (3.05 )
Weighted average number of Shares
11,042,778
10,569,780
10,728,261
10,717,391
10,763,562
42
Year
Ended December 31, 2022
Three months ended
Year ended
(Amounts in 000’s of US$, except for Share and per Share data)
March 31
June 30
September 30
December 31
December 31
EXPENSES
Sponsor’s Fee
$ 1,743
$ 1,716
$ 1,525
$ 1,572
$ 6,556
Total expenses
1,743
1,716
1,525
1,572
6,556
Net investment loss
(1,743 )
(1,716 )
(1,525 )
(1,572 )
(6,556 )
REALIZED AND UNREALIZED GAINS / (LOSSES)
Realized gain / (loss) on platinum transferred to pay expenses
56
34
(99 )
(79 )
(88 )
Realized gain/ (loss) on platinum distributed for the redemption of Shares
2,890
66
(9,466 )
82
(6,428 )
Change in unrealized gain / (loss) on investment in platinum
24,158
(89,400 )
(38,627 )
180,404
76,535
Change in unrealized gain / (loss) on unsettled creations or redemptions
—
—
(9 )
9
—
Total gain / (loss) on investment in platinum
27,104
(89,300 )
(48,201 )
180,416
70,019
Change in net assets from operations
$ 25,361
$ (91,016 )
$ (49,726 )
$ 178,844
$ 63,463
Net increase / (decrease) in net assets per Share
$ 2.02
$ (7.12 )
$ (4.12 )
$ 15.54
$ 5.19
Weighted average number of Shares
12,556,667
12,782,967
12,060,326
11,509,239
12,223,973
Note:
Quarterly balances may not add to totals due to independent rounding.
The
financial statements required by Regulation S-X, together with the report of the Trust’s independent registered public accounting
firm appear on pages F-1 to F-13 of this filing.
43
Item
9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None.
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.