22 unchanged sentences
treasuries, corporate bonds, money market
−Removed: instruments at a commercial bank and other securities which totaled $109.2 million and $72.3 million as of December 31, 2023 and March
+Added: instruments at a commercial bank and other securities which totaled $109.2 million and $83.0 million as of December 31, 2023 and June
30, 2024, respectively.
−Removed: During the three months ended March 31, 2024, we recognized gains on these financial instruments of $2.1 million
+Added: During the six months ended June 30, 2024, we recognized gains on these financial instruments of $1.8 million
and any gains/losses recognized in the future may be material to our operating results.
1 unchanged sentence
rates will have a material impact on our financial condition or cash flows.
−Removed: In addition, our Convertible Notes bear interest
−Removed: at fixed rates of 5.75% and 3.25% for the 2023 Notes and the 2021 Notes, respectively.
−Removed: Therefore, we have no direct financial statement
−Removed: risk associated with changes in interest rates.
−Removed: However, the fair value of the Convertible Notes changes primarily when the market price
−Removed: of our common stock fluctuates or interest rates change.
−Removed: Exchange Rate Risk
−Removed: We are subject to currency translation exposure
−Removed: on the results of our non-U.S.
−Removed: operations, primarily in the United Kingdom and Europe.
−Removed: Foreign currency translation risk is the risk that
−Removed: exchange rate gains or losses arise from translating foreign entities’ statements of earnings and balance sheets from functional
−Removed: currency to our reporting currency (the U.S.
−Removed: dollar) for consolidation purposes.
−Removed: The advisory fees earned on our European listed ETPs
−Removed: are predominantly in U.S.
−Removed: dollars (and also paid in gold ounces, as described below);
−Removed: however, expenses for corporate overhead are generally
−Removed: incurred in British pounds.
−Removed: Currently, we do not enter into derivative financial instruments aimed at offsetting certain exposures in
−Removed: the statement of operations or the balance sheet but may seek to do so in the future.
−Removed: Exchange rate risk associated with the euro
−Removed: is not considered to be significant.
−Removed: Commodity and Cryptocurrency Price Risk
−Removed: Fluctuations in the prices of commodities and
−Removed: cryptocurrencies that are linked to certain of our ETPs could have a material adverse effect on our AUM and revenues.
−Removed: In addition, a portion
−Removed: of the advisory fee revenues we receive on our ETPs backed by gold, other precious metals and cryptocurrencies are paid in the underlying
−Removed: metal or cryptocurrency.
−Removed: While we readily sell the gold, precious metals and cryptocurrencies that we earn under these advisory contracts,
−Removed: we still may maintain a position.
−Removed: We currently do not enter into arrangements to hedge against fluctuations in the price of these commodities
−Removed: and cryptocurrencies and any hedging we may undertake in the future may not be cost-effective or sufficient to hedge against this exposure.
+Added: respectively.
+Added: consolidation
+Added: predominantly
+Added: cryptocurrency,
+Added: Cryptocurrency
+Added: cryptocurrencies
+Added: cryptocurrencies
+Added: cryptocurrency.
+Added: cryptocurrencies
+Added: cryptocurrencies
+Added: cost-effective
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.