“The completion of this acquisition is a significant milestone for Sprott and the result of months of integration and planning,” said
“We are delighted to join Sprott, a globally-recognized organization with a long history in precious metals investments,” said
“This acquisition adds meaningful scale to our managed equities business and complements our other resource investment strategies at a time when gold is becoming an increasingly important component of investors’ portfolios,” said
Preliminary AUM Update
Sprott estimates that its AUM as of
Fund Reorganization and Name Changes
Effective
About Sprott
Sprott is an alternative asset manager and a global leader in precious metal and real asset investments. Through its subsidiaries in
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus which should be considered carefully before investing. Call 888.622.1813 to obtain the prospectus.
Forward Looking Statements
This press release contains statements that constitute “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. In particular, but without limiting the forgoing, this press release contains forward-looking statements pertaining to the acquisition of the Tocqueville gold strategies asset management business, the AUM added as a result of the transaction, the impact of certain portfolio managers joining SAM and the impact of the transaction on Sprott’s business and strategies. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Sprott to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and uncertainties include, without limitation, risk and uncertainties that are inherent in the nature of the transaction, including: failure to realize anticipated synergies; risks regarding integration; incorrect assessments of the values of the acquired assets and revenue growth of Sprott. As a result of the foregoing, readers should not place undue reliance on the forward-looking statements contained in this press release concerning the completion of the transaction or the timing thereof.
Forward-looking statements contained herein are made as of the date of this press release and Sprott disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management’s estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
Investor contact information:
Managing Director
Investor Relations & Corporate Communications
(416) 943-4394
gwilliams@sprott.com
Media contact information:
(646) 569-5897
sprott@gagnierfc.com
Source:
2020 GlobeNewswire, Inc., source