Business Context and Reporting Period
This Form 6-K filing covers the month of March 2016 for the Sprott Physical Platinum & Palladium Trust, a foreign private issuer. The Trust holds physical platinum and palladium bullion. The filing primarily serves to disclose new custodial agreements rather than report periodic financial performance.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a disclosure of legal agreements and does not contain financial statements or operational metrics.
Material Changes
The material event disclosed is the execution of two new Precious Metals Storage Agreements dated March 29, 2016:
- Exhibit 99.1: Agreement with the Royal Canadian Mint (the "Mint") to act as custodian for physical platinum bullion owned by the Trust.
- Exhibit 99.2: Agreement with the Royal Canadian Mint to act as custodian for physical palladium bullion owned by the Trust.
These agreements are incorporated by reference into the Trust's registration statement on Form F-10.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook. No specific risks or contingencies are discussed in the text of this Form 6-K, other than the implicit operational reliance on the Mint for storage services.
Investor Verification Checklist
- Verify the terms of the new storage agreements with the Royal Canadian Mint (Exhibits 99.1 and 99.2) regarding custody fees and insurance.
- Confirm the total volume of platinum and palladium bullion currently held under these new agreements.
- Review the Trust's most recent Form 40-F or quarterly report for actual financial performance data, as this filing does not include it.