|
|
Article: SPDR [R] ETF Family Announces Impact of Receiving Settlement Payments.
- Article from:
- Investment Weekly News
- Article date:
- October 17, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
The Health Care Select Sector SPDR[R] Fund (NYSE: XLV- News), announced that the Fund received a payment as an authorized claimant from a class action settlement related to Cardinal Health, Inc.
The total amount payable to the Fund is listed below. When the Fund calculates its net asset value ("NAV") per share on Monday, September 28, 2009, the receipt of the corresponding payment in the amount stated below based on the shares outstanding as of September 25, 2009 is estimated to impact the Fund's NAV.
Fund
SettlementPayment
SharesOutstanding as ofSeptember 25, 2009
Per ShareAmount The Health CareSelect SectorSPDR[R] Fund
...