SPDR® S&P Biotech ETF Receives Settlement Payment
BOSTON -- August 18, 2014
State Street Global Advisors announced today that the SPDR® S&P Biotech ETF
(NYSE: XBI- News) received payment as an authorized claimant from a class
action settlement related to Dendreon, Corp.
The total amount payable to the Fund is listed below. When the Fund calculates
its net asset value (“NAV”) per share on Tuesday, August 19, 2014, it is
estimated that the Fund’s NAV will be impacted by the receipt of the payment
in the amount stated below based on the shares outstanding as of August 15,
Fund Settlement Shares Outstanding Per Share
Payment as of August 15, 2014 Amount
SPDR® S&P Biotech $233,312 7,500,000 $0.0311
Source: State Street Bank and Trust Co.
State Street Global Advisors manages more than $413 billion* in SPDR ETF
assets worldwide (as of June 30, 2014) and is one of the largest ETF providers
in the US and globally.
About State Street Global Advisors
State Street Global Advisors (SSGA) is a global leader in asset management.
The firm is relied on by sophisticated investors worldwide for its disciplined
investment process, powerful global investment platform and access to every
major asset class, capitalization range and style. SSGA is the asset
management business of State Street Corporation, one of the world’s leading
providers of financial services to institutional investors.
* Assets under management include the assets of the SPDR® Gold ETF
(approximately $33 billion as of June 30, 2014), for which State Street Global
Markets, LLC, an affiliate of SSGA, serves as the distribution agent.
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Expiration Date - 08/31/2015
State Street Corporation
Elizabeth Bartlett, +1 617-662-2903
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