Gold Trust (NASDAQ:GLD) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement
iShares Gold Trust (the Registrant) issues and redeems units of
beneficial interest (or Shares) representing fractional undivided
beneficial interests in its net assets only in exchange for gold,
only in aggregations of 50,000 Shares or integral multiples
thereof (each, a Basket), and only in transactions with
registered broker-dealers that have previously entered into an
agreement with the Registrant governing the terms and conditions
of such issuance (such broker-dealers, the Authorized
Participants). The Trust is administered by The Bank of New York
Mellon (the Trustee) and JPMorgan Chase Bank N.A., London branch
(the Custodian) is responsible for the safekeeping of gold
bullion owned by the Registrant.
The Registrant entered into the following amendments and
restatements of its operating agreements to make certain
operational updates to the agreements, including most
significantly to allow Authorized Participants to order, or
surrender for redemption, Baskets using the electronic order
system of the Trustee:
|
Fourth Amended and Restated Depositary Trust Agreement, |
|
Standard Terms for Authorized Participant Agreements, dated |
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Second Amended and Restated Custodian Agreement, dated as |
The Registrant’s affiliates have engaged in, and may in the
future engage in, various commercial dealings in the ordinary
course of business with the parties to the Agreements. Such
parties have received, or may in the future receive, customary
fees and commissions for these transactions.
The foregoing description of the amendments to the Agreements
does not purport to be complete and is qualified in its entirety
by reference to the full text of the Agreements, which have been
filed with this Current Report on Form 8-K as Exhibit 4.1,
Exhibit 4.2 and Exhibit 10.1.
Item 3.03. Material Modification to the Rights of
Security Holders
The information set forth in Item1.01 relating to the Trust
Agreement is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
Exhibit 4.1 |
Fourth Amended and Restated Depositary Trust Agreement, |
Exhibit 4.2 |
Standard Terms for Authorized Participant Agreements, dated |
Exhibit 10.1 |
Second Amended and Restated Custodian Agreement, dated as |
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