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May 22, 2015 11:41 PM ET

Capital Markets

Company Overview of Sprott Asset Management, LP

Company Overview

Sprott Asset Management, LP is a privately owned investment manager. The firm provides its services to high net worth individuals and institutions. It launches and manages equity, fixed income, and balanced mutual funds, and hedge funds for its clients. The firm invests in the public equity and fixed income markets across the globe. It employs a fundamental analysis and long/short equity strategy to make its investments. The firm conducts in-house research to make its investments. It was founded in 2000 and is based in Toronto, Canada. Sprott Asset Management, LP operates as a subsidiary of Sprott Inc.

Royal Bank Plaza

South Tower

200 Bay Street

Suite 2700

Toronto, ON M5J 2J1

Canada

Founded in 2000

Phone:

416-943-6707

Fax:

416-943-6497

Key Executives for Sprott Asset Management, LP

Chief Executive Officer, Co-Chief Investment Officer, and Senior Portfolio Manager
President and Director
Founder, Portfolio Manager, and Investment Strategist
Chief Financial Officer and Director
Chief Compliance Officer and Director
Compensation as of Fiscal Year 2014.

Sprott Asset Management, LP Key Developments

Sprott Intends To Make Hostile Offer For GoldTrust

Sprott Asset Management, LP announced its intention, together with Sprott Physical Gold Trust (ARCA:PHYS) to make a hostile offer to acquire all of the outstanding units of Central GoldTrust (TSX:GTU.UN). No offer has yet been received, and unit holders are advised to do nothing until after an offer is actually made and GoldTrust's Independent Trustees make their recommendation to unit holders. Bruce Heagle, Chairman of the Special Committee of Independent Trustees, stated, "We are surprised and disappointed that Sprott did not approach GoldTrust prior to announcing its intended offer."

Sprott Asset Management Plans $800 Million Unsolicited Bid For Canadian Metals Trusts

Sprott Asset Management, LP plans to make an unsolicited offer to buy Central GoldTrust (TSX:GTU.UN) and Silver Bullion Trust (TSX:SBT.UN) for almost $900 million, saying the precious metals companies are undervalued. The share swap by Sprott represents an 8.3% premium to the trusts’ combined market value of $829 million. Under the terms of the bid, Sprott would exchange units of its own trusts, Sprott Physical Gold Trust (ARCA:PHYS); Sprott Physical Silver Trust (ARCA:PSLV), for units of Central GoldTrust and Silver Bullion on a net asset value basis. The offers will happen simultaneously and be conditional on the approval of both Central GoldTrust and Silver Bullion unitholders and other conditions.

Sprott Asset Management LP Hires James Bowen and Jonathan Wiesblatt as Portfolio Managers

Sprott Asset Management LP announced the addition of two new portfolio managers to its investment team. James Bowen and Jonathan Wiesblatt are experienced investment professionals with strong backgrounds in portfolio construction, valuation analysis, financial modeling and security selection. They were most recently portfolio managers of a long/short hedge fund for JC Clark Ltd. Mr. Bowen and Mr. Wiesblatt have a combined 24 years of investment industry experience. Prior to joining Sprott they co-managed the JC Clark Adaly Fund, delivering strong performance during their tenure on the fund. Previously, both Mr. Bowen and Mr. Wiesblatt were with Adaly Investment Management in portfolio management and research roles.

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