Summary
This Form 8-K filing by SPDR Gold Trust (formerly streetTRACKS® Gold Trust) on May 20, 2008, formally announces a significant rebranding initiative. The trust, which offers investors exposure to the price of gold, has changed its name to SPDR® Gold Trust, and its shares, previously known by the ticker GLD, will now be referred to as SPDR® Gold Shares. This name change is effective as of May 20, 2008, and was authorized by the sole member of World Gold Trust Services, LLC, the sponsor of the trust. A press release jointly issued by World Gold Trust Services, LLC and State Street on the same date further details this rebranding. For investors, this change is primarily cosmetic and does not alter the underlying structure or investment objective of the trust, which remains to track the performance of gold prices.
Key Highlights
- 1SPDR Gold Trust (GLD) has officially changed its name from streetTRACKS® Gold Trust.
- 2The shares of the trust are now referred to as SPDR® Gold Shares, maintaining the ticker GLD.
- 3The name change became effective on May 20, 2008.
- 4The change was authorized by the sole member of the trust's sponsor, World Gold Trust Services, LLC.
- 5A press release was jointly issued by World Gold Trust Services, LLC and State Street to announce the rebranding.
- 6This filing is an 8-K Current Report, indicating it's reporting a material event.
- 7The core investment objective and structure of the trust remain unchanged.