IPO - SPROTT PHYSICAL PLATINUM & PALLADIUM TRUST

Form Type: F-10EF

Filing Date: 2025-06-12

Corporate Action: Ipo

Type: New

Accession Number: 000199937125007710

Filing Summary: On June 12, 2025, Sprott Physical Platinum and Palladium Trust filed a registration statement with the SEC on Form F-10EF to initiate a public offering of up to U.S.$200,000,000 of its transferable, redeemable trust units. Each trust unit represents an equal, fractional, undivided ownership interest in the net assets of the Trust. The Trust is a closed-end mutual fund trust established under the laws of Ontario, Canada, and primarily holds investments in physical platinum and palladium bullion. The offering will occur during a 25-month period, following regulatory approval, and allows for continuous sales under specific conditions. The units are listed on the NYSE Arca and the Toronto Stock Exchange under the symbol 'SPPP'. The filing outlines that no Securities regulatory authority has assessed the accuracy or adequacy of the offering, emphasizing the importance of potential tax consequences for investors in both the U.S. and Canada.