Summary
This 8-K filing from SPDR Gold Trust (GLD) on November 26, 2007, announces a significant operational change: the transfer of its listing and trading of the streetTRACKS® Gold Shares (GLD) from the New York Stock Exchange (NYSE) to NYSE Arca, an affiliated exchange. This move is part of a broader initiative by NYSE Euronext to consolidate exchange-traded funds onto the NYSE Arca platform. The transfer is scheduled to be effective on December 13, 2007. For investors, this change primarily impacts where GLD shares will be traded, with no immediate effect on the trust's objective of tracking the price of gold. The announcement was made via a joint press release with NYSE Euronext, reinforcing the organized nature of this transition. Investors should note the effective date to be aware of any potential trading adjustments or information sources associated with the new exchange.
Key Highlights
- 1SPDR Gold Trust (GLD) is transferring its listing from the NYSE to NYSE Arca.
- 2The transfer is a strategic move by NYSE Euronext to consolidate ETFs on NYSE Arca.
- 3The effective date for the listing transfer is December 13, 2007.
- 4This change is administrative and does not alter GLD's investment objective, which is to track the price performance of gold.
- 5A joint press release with NYSE Euronext was issued on November 26, 2007, to announce the transfer.
- 6The voluntary delisting from the NYSE was officially noticed on November 26, 2007.