State Street Global Advisors and World Gold Council Announce Reverse Share Split for SPDR® Gold MiniShares

State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT) and World Gold Council, the market development organization for the gold industry, has announced a reverse share split for the SPDR Gold MiniShares Trust (GLDM) to potentially reduce trading costs for investors. Shares of the fund will trade at its post-reverse split price effective as of February 23, 2022.

The split, detailed below, does not affect the total net asset value of GLDM.

"With over $4 billion in assets under management, GLDM is the industry leader in providing low-cost access to gold," said Sue Thompson, head of SPDR Americas Distribution at State Street Global Advisors. "The reverse share split is designed to lower shareholders' total cost of ownership by reducing trading costs that may be incurred when buying and selling shares."

Alongside this reverse split, effective February 23, 2022, the total expense ratio ("TER") on GLDM will be reduced to 10 basis points (bps), further lowering the overall total cost of ownership for investors.

Once implemented, the reverse share split will increase the share price of GLDM and reduce the number of outstanding shares. The total value of shares outstanding and the total value of a shareholder's investment in the fund will not be affected by the reverse split.

About SPDR Exchange Traded Funds

SPDR ETFs are a comprehensive family spanning an array of international and domestic asset classes. SPDR ETFs are sponsored by affiliates of State Street Global Advisors. The funds provide investors with the flexibility to select investments that are aligned to their investment strategy.