BetaShares Gold Bullion ETF – Consolidation of Units | BetaShares

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BetaShares Gold Bullion ETF – Consolidation of Units

BetaShares Capital today announced a consolidation of the units on issue in the BetaShares Gold Bullion ETF (A$ Hedged). The Consolidation is being conducted to reduce the number of units on issue so that, immediately after the Consolidation, the net asset value per unit (NAV per unit) in Australian dollars will equate to a number that is approximately equal to 1/100th of the spot price of gold per ounce.

During the period 23 August 2011 to 5 September 2011, trading in post-consolidation units on the ASX will be on a deferred settlement basis under ASX Code: QAUDA