Sprott Physical Platinum and Palladium Trust Trust Units
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- Sprott Physical Platinum and Palladium Trust (SPPP.TO) is a closed-end mutual fund trust that invests substantially all of its assets in unencumbered, fully allocated physical platinum and palladium bullion in London Good Delivery plate or ingot form; it provides investors with a secure, convenient, exchange-traded alternative to direct ownership of these precious metals, including the option for unitholders to redeem units for physical bullion subject to minimum amounts. The Trust holds approximately 239,423 ounces of platinum and 158,133 ounces of palladium as of December 2025, with storage provided by the Royal Canadian Mint; it trades on the NYSE Arca (SPPP), TSX in U.S. dollars (SPPP.U), and TSX in Canadian dollars (SPPP), targeting investors seeking exposure to platinum group metals without typical physical storage inconveniences. Founded on December 23, 2011 and commencing operations December 18, 2012, the Trust is managed by Sprott Asset Management LP, a subsidiary of Sprott Inc., with RBC Investor Services as trustee and KPMG as auditor; it is headquartered in Toronto, Canada, and operates primarily in North American markets. Recent updates to its at-the-market equity program include expansions announced in March 2025 (additional US$50 million), September 2025 (additional US$100 million), and October 2025 (raising capacity to US$250 million total), enabling flexible issuance of units for acquiring further physical platinum and palladium bullion in line with investment objectives; distributions occur via sales agreements with firms including Cantor Fitzgerald & Co. and Virtu Americas LLC. The Trust maintains a management expense ratio of 0.92% and reports strong year-to-date NAV performance of 63.16% as of December 2025.
Company News
Sprott Physical Platinum and Palladium Trust Updates its "At-the-Market" Equity Program
Sprott Physical Platinum and Palladium Trust Updates Its “At-the-Market” Equity Program
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Sprott Physical Platinum and Palladium Trust Updates Its “At-the-Market” Equity Program
Sprott Physical Platinum and Palladium Trust Updates Its “At-The-Market” Equity Program
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Sprott Physical Platinum and Palladium Trust Updates Its “At-the-Market” Equity Program
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Sprott Physical Platinum and Palladium Trust Updates Its “At-The-Market” Equity Program
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