SPDR® Dow Jones Industrial Average ETF Trust (the “SPDR DJIA Trust”) (NYSE:DIA - News) today announced that it will make an additional 2010 income distribution. Ex dividend date will be December 29, 2010, record date will be December 31, 2010 and payment date will be January 18, 2011. SPDR DJIA Trust has designated the additional dividend to be a special distribution.
At the conclusion of SPDR DJIA Trust’s fiscal year-end audit (October 31), SPDR DJIA Trust must distribute net income on a tax basis to shareholders by calendar year-end or incur a 4% federal excise tax. The net asset value (“NAV”) per share of the SPDR DJIA Trust is reduced in direct proportion to the amount of such additional distributions. Additional distributions are based on a number of factors including, but not limited to, the level of redemption activity experienced by SPDR DJIA Trust.
The amounts shown in the table above are estimates and may change due to fund activity and changes in shares outstanding.
SPDR DJIA Trust made its regularly scheduled monthly distribution on December 17, 2010, which consisted of both net income earned from November 19, 2010 to December 16, 2010 and an estimate of net income to be earned through December 31, 2010.
State Street manages $224 billion in SPDR ETF assets worldwide (as of September 30, 2010) and is one of the largest ETF providers in the US and globally.
About State Street Global Advisors
State Street Global Advisors (SSgA) is a global leader in asset management. We are relied on by sophisticated investors worldwide for our disciplined investment process, powerful global investment platform and access to every major asset class, capitalization range and style. SSgA is the asset management business of State Street, one of the world’s leading providers of financial services to institutional investors.
Note to Editors: SPDR® Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of international and domestic asset classes. SPDR ETFs provide professional investors with the flexibility to select investments that are precisely aligned to their investment strategy. Recognized as the industry pioneer, State Street—in partnership with the American Stock Exchange—created the first ETF in 1993 (SPDR 500 Trust – Ticker: SPY). Since then, we’ve sustained our place as an industry innovator through the introduction of many ground-breaking products, including first-to-market successes with gold, international real estate, international fixed income and sector ETFs. SPDR ETFs are managed or marketed by SSgA or SSgA Funds Management, Inc, a registered investment adviser and wholly-owned subsidiary of State Street Bank and Trust Company.
ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.
Frequent trading of ETFs could significantly increase commissions and other costs such that they may offset any savings from low fees or costs.
SPDR® is a registered trademark of Standard & Poor’s Financial Services LLC ("S&P") and has been licensed for use by State Street Corporation. No financial product offered by State Street Corporation or its affiliates is sponsored, endorsed, sold or promoted by S&P or its affiliates, and S&P and its affiliates make no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in such products. Further limitations and important information that could affect investors' rights are described in the prospectus for the applicable product.
DJIA® is a registered trademark of Dow Jones & Company, Inc. that has been licensed for use for certain purposes by State Street Corporation.
ALPS Distributors, Inc., a registered broker-dealer, is distributor for SPDR 500 Trust, SPDR MidCap 400 Trust and SPDR DJIA Trust, all unit investment trusts and Select Sector SPDRs.
References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs.
Before investing, consider the funds’ investment objectives, risks, charges and expenses. To obtain a prospectus which contains this and other information call 1-866-787-2257 or visit www.spdrs.com. Read it carefully.
Marie McGehee, 617-664-1898