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Sprott Physical Gold Trust Updates Its "At-the-Market" Equity Program

The article from The Globe and Mail discusses Sprott Physical Gold Trust's update on its At-The-Market (ATM) Equity Program. Sprott Asset Management LP, the manager of the Trust, has renewed its ATM Program, allowing the Trust to issue up to US$1 billion in trust units through "at-the-market" sales. This program enables the Trust to sell units directly into the market at prevailing market prices, providing a flexible method to raise capital. The Trust uses the proceeds from these sales to acquire physical gold bullion, in line with its investment objectives. The ATM Program was initially established in November 2017 and has been instrumental in the Trust's strategy to manage its capital and liquidity effectively. The renewal of this program underscores the Trust's ongoing commitment to offering investors a convenient way to invest in physical gold.

Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/investing/markets/stocks/PHYS-T/pressreleases/29939560/sprott-physical-gold-trust-updates-its-at-the-market-equity-program/ ]