American Stock Exchange Lists Central Gold-Trust
22 September 2006 - 4:30PM
PR Newswire (US)
NEW YORK, Sept. 22 /PRNewswire/ -- The American Stock Exchange(R)
(Amex(R)) announced today that it has begun trading the units of
Central Gold-Trust under the ticker symbol "GTU". The Trust began
trading on the Toronto Stock Exchange in 2003 under the ticker
symbols "GTU.UN" (denominated in Canadian dollars) and "GTU.U"
(denominated in US dollars) and is now dually listed on the Amex.
Central Gold-Trust invests substantially all of its assets in
unencumbered and allocated international bars of gold bullion, with
the primary investment objective of achieving long-term
appreciation in the value of its gold holdings. The gold is
physically stored in segregated and insured bank treasury vaults
located in Canada. As of August 23, 2006, Central Gold-Trust has a
total of $78.5 million in assets of which 98.3% is gold bullion.
"We are pleased to welcome Central Gold-Trust to the Amex," said
Tom Rzepski, Vice President of the Amex's closed-end fund business.
"The Amex looks forward to a long and collaborative relationship
with Central Gold-Trust as we continue to provide investors with a
variety of innovative investment opportunities." "We are pleased to
bring a second precious metals investment listing to the American
Stock Exchange," said Stefan Spicer, President and CEO of Central
Gold-Trust. "The Trust has achieved this significant milestone to
broaden its market ability and will continue to soundly steward the
assets entrusted to it by investors." Central Gold-Trust joins its
sister company, Central Fund of Canada Limited, ticker symbol
"CEF," which has been listed on Amex since 1986 and invests
primarily in gold and silver bullion. As of August 23, 2006,
Central Fund of Canada Limited has a total of $866 million in
assets. Central Gold-Trust has selected Brendan E. Cryan and
Company LLC as the specialist for the Trust, who is also the
specialist for the Central Fund of Canada Limited. About the
American Stock Exchange The American Stock Exchange(R) (Amex(R)) is
the only primary exchange that offers trading across a full range
of equities, options and exchange traded funds (ETFs), including
structured products and HOLDRS(sm). In addition to its role as a
national equities market, the Amex is the pioneer of the ETF,
responsible for bringing the first domestic product to market in
1993. Leading the industry in ETF listings, the Amex lists 195
ETFs. The Amex is also one of the largest options exchanges in the
U.S., trading options on broad-based and sector indexes as well as
domestic and foreign stocks. For more information, please visit
http://www.amex.com/. DATASOURCE: The American Stock Exchange
CONTACT: Bari Trontz of American Stock Exchange, +1-212-306-8964,
Web site: http://www.amex.com/
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