other material
confidence high
sentiment positive
materiality 0.70
GLDM annual fee cut from 0.18% to 0.10%; 1-for-2 reverse split effective Feb 23
World Gold Trust
- Annual fee reduced by 44%: from 0.18% to 0.10% of NAV, effective Feb 23, 2022.
- Reverse 1-for-2 split of GLDM shares; share price will double, outstanding shares halved.
- Total net asset value of the fund is unaffected by the reverse split.
- Press release issued by State Street Global Advisors and World Gold Council.