The iShares(R) Silver Trust Starts Trading.SAN FRANCISCO -- Barclays Global Investors Barclays Global Investors is a subsidiary of British-based Barclays Bank which is in the investment management industry. It is the largest corporate money manager in the world, with over £936 billion (US$1.77 trillion) under management as of March 2006[1]. announces that the iShares Silver Trust (AMEX AMEX See: American Stock Exchange :SLV SLV abbr. standard launch vehicle ) began trading on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. today. The shares of the Trust will be expected to reflect, at any given time, the price of the silver owned by the Trust, less the Trust's expenses and liabilities. Barclays Global Investors International, Inc., an affiliate of Barclays Global Investors, N.A., is the Trust's sponsor. The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. is named as the Trustee. JP Morgan Chase Bank N.A., acting through its London branch, will be the custodian. Barclays Capital will be the initial purchaser of shares issued by the Trust. An investor should consider investment objectives, risks, charges and expenses of the iShares Silver Trust carefully before investing. To obtain a prospectus, which contains this and other information, go to http://www.ishares.com/misc/prospectus.jhtml or call 1-800-iShares. Please read the prospectus carefully before investing. Barclays Global Investors International, Inc. (BGII BGII Baldur's Gate II: Shadows of Amn (computer game) ) is the Trust's sponsor. Barclays Global Investors Services (BGIS BGIS Barclays Global Investors Services BGIS Business and Geographic Information Services (Unit; Illinois Institute for Rural Affairs) BGIS Bhaktivedanta Gurukula & International School (Vrindavan, India) ) assists in the marketing of the Silver Trust. BGII and BGIS are subsidiaries of Barclays Global Investors, N.A. (BGI). BGI and Barclays Capital, Inc. are affiliates of Barclays Bank PLC. There are risks involved with investing, including possible loss of principal. The iShares Silver Trust is not an investment company registered under the Investment Company Act of 1940 or a commodity pool for purposes of the Commodity Exchange Act. Because shares of the iShares Silver Trust are expected to reflect the price of the silver held by the Trust, the market price of the shares will be as unpredictable as the price of silver has historically been. The price received upon the sale of iShares, which trade at market price, may be more or less than the value of the silver represented by them. For a more complete discussion of risk factors relative to the Silver Trust, carefully read the prospectus. (C) 2006 Barclays Global Investors. All rights reserved. iShares is a registered trademark of Barclays Global Investors, N.A. All other trademarks, servicemarks or registered trademarks are the property of their respective owners. |
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