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State Street Global Advisors Announces SPDRA[R] ETF Share Splits.

BANKING AND CREDIT NEWS-October 3, 2017-State Street Global Advisors Announces SPDRA[R] ETF Share Splits

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State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), has announced share splits on 10 SPDR ETFs, the company said.

The splits lower the funds' share prices and increase the number of outstanding shares. The aggregate market value of shares outstanding is not impacted.

The share split will apply to shareholders of record as of market close on October 11, 2017 and are payable after market close on October 13, 2017. The shares will trade at their post-split price effective October 16, 2017.

SPDR ETFs are a comprehensive family spanning an array of international and domestic asset classes. SPDR ETFs are managed by SSGA Funds Management, Inc., a registered investment adviser and wholly owned subsidiary of State Street Corporation. For more information, visit www.spdrs.com.

For nearly four decades, State Street Global Advisors has been committed to helping financial professionals and those who rely on them achieve their investment objectives.

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Publication:M2 Banking & Credit News (BCN)
Date:Oct 3, 2017
Words:190
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