SPDR(R) ETF Family Announces Impact of Receiving Settlement Payments
23 Julio 2008 - 4:39PM
Business Wire
The SPDR� S&P 500 ETF (SPDR Trust, Series I, AMEX:SPY - News),
The Technology Select Sector SPDR� Fund (AMEX:XLK - News) and The
Financial Select Sector SPDR� Fund (AMEX:XLF - News), announced
today that each Fund received payments from certain class action
settlements as authorized claimants. The SPDR� S&P 500 ETF will
record payments received from separate class action settlements
related to Molex, Inc. and Freddie Mac. The Technology Select
Sector SPDR� Fund will record a payment received from a class
action settlement related to Molex, Inc. The Financial Select
Sector SPDR� Fund will record a payment received from a class
action settlement related to Freddie Mac. The total amount payable
to each Fund is listed below. When each Fund calculates its net
asset value (�NAV�) per share on Thursday, July 24, 2008, it is
estimated that each Fund�s NAV will be impacted by the receipt of
the corresponding payments in the amount stated below based on the
shares outstanding as of July 22, 2008. Fund � SettlementPayment �
SharesOutstanding as ofJuly 22, 2008 � Per ShareAmount SPDR�
S&P 500 ETF � $ 2,778,328 � 569,342,836 � $ 0.0049 Technology
Select Sector SPDR� Fund � $ 12,145 � 154,404,397 � $ 0.00008
Financial Select Sector SPDR� Fund � $ 247,179 � 421,219,586 � $
0.0006 State Street manages more than $150 billion in ETF assets
worldwide (as of June 30, 2008) and is one of the largest providers
in the U.S. and globally, with a market share of more than 18.7
percent globally. About State Street Global Advisors State Street
Global Advisors, the investment management arm of State Street
Corporation, delivers investment strategies and integrated
solutions to clients worldwide across every asset class, investment
approach and style. With $1.9�trillion in assets under management
as of June 30, 2008, State Street Global Advisors has investment
centers in Boston, Hong Kong, London, Toronto, Montreal, Munich,
Paris, Singapore, Sydney, Tokyo and Zurich, and offices in 27
cities worldwide. For more information, visit State Street Global
Advisors at www.ssga.com. Note to Editors: SPDR� Exchange Traded
Funds SPDR ETFs are a comprehensive family spanning an array of
international and domestic asset classes. Offered by State Street
Global Advisors, SPDR ETFs provide professional investors with the
flexibility to select investments that are precisely aligned to
their investment strategy. Recognized as the industry pioneer,
State Street�in partnership with the American Stock
Exchange�created the first ETF in 1993 (SPDR S&P 500 � Ticker
SPY). Since then, we�ve sustained our place as an industry
innovator through the introduction of many ground-breaking
products, including first-to-market successes with gold,
international real estate, international fixed income and sector
ETFs. SPDR ETFs are managed by SSgA Funds Management, Inc, a
registered investment adviser and wholly owned subsidiary of State
Street Bank and Trust Company. ETFs trade like stocks, are subject
to investment risk and will fluctuate in market value. Foreign
investments involve greater risks than U.S. investments, including
political and economic risks and the risk of currency fluctuations,
all of which may be magnified in emerging markets. Small company
issues can be subject to increased volatility and considerable
price fluctuations. The �SPDR� trademark is used under license from
The McGraw-Hill Companies, Inc. (�McGraw-Hill�). No financial
product offered by State Street Corporation or its affiliates is
sponsored, endorsed, sold or promoted by McGraw-Hill. S&P� is a
trademark of McGraw-Hill and has been licensed for use by State
Street Bank and Trust Company. ALPS Distributors, Inc., member
FINRA, SIPC, distributor. Before investing, carefully consider the
Funds� investment objectives, risks, charges and expenses. A
prospectus, which contains this and other important information
about the funds can be obtained by calling 1-866-787-2257. Read it
carefully before investing.
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