Three streetTRACKS(R) Exchange-Traded Funds Announce Share Splits
06 September 2005 - 5:35PM
Business Wire
SSgA Funds Management, Inc., the investment advisor of streetTRACKS
Series Trust exchange-traded funds (ETFs), announced today that the
Board of Trustees of the Trust has approved share splits of three
ETFs' shares of beneficial interest. The streetTRACKS Dow Jones US
Large Cap Value Index Fund (AMEX: ELV) will split shares
two-for-one, and the streetTRACKS Dow Jones US Small Cap Value
Index Fund (AMEX: DSV) and streetTRACKS Wilshire REIT Index Fund
(AMEX: RWR) will split shares three-for-one. Each shareholder of
record at the close of business on September 19, 2005 will receive
two additional shares for every outstanding share held in
streetTRACKS Dow Jones US Small Cap Value Index Fund and
streetTRACKS Wilshire REIT Index Fund. Shareholders of record of
the Dow Jones U.S. Large Cap Value Index Fund will receive one
additional share for every outstanding share held on the same date.
All additional shares are payable September 21, 2005. Neither the
value of the Funds nor the value of shareholders' investments will
change as a result of the share splits. Trading will begin on a
split-adjusted basis on September 22, 2005. SSgA Funds Management,
Inc. SSgA Funds Management, Inc. is the investment advisor of the
streetTRACKS family of ETFs and a wholly owned subsidiary of State
Street Corporation (NYSE: STT). SSgA Funds Management, Inc. and
other advisory affiliates of State Street Corporation comprise
State Street Global Advisors ("SSgA"). State Street Global Advisors
State Street Global Advisors, the investment management group of
State Street Corporation, delivers investment strategies and
integrated solutions to clients worldwide across every asset class,
investment approach and style. With $1.4 trillion in investment
programs and portfolios (as of June 30, 2005), State Street Global
Advisors has investment centers in Boston, Hong Kong, London,
Milan, Montreal, Munich, Paris, Singapore, Sydney, Tokyo, and
Zurich, and offices in 28 cities worldwide. For more information,
visit State Street Global Advisors at www.ssga.com. An investor
should consider investment objectives, risks, charges, and expenses
carefully before investing. To obtain a prospectus, which contains
this and other information, visit www.streettracks.com. Please read
the prospectus carefully before investing. ETFs trade like a stock
and are subject to market risk. streetTRACKS are distributed by
State Street Global Markets, LLC, member NASD, SIPC, BSE. State
Street Global Markets, LLC is a wholly owned subsidiary of State
Street Corporation.
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