Business Context and Reporting Period
This Form 6-K filing by Sprott Physical Gold & Silver Trust covers the month of November 2020, with the report dated November 2, 2020. The Trust is a foreign private issuer incorporated in Canada, reporting pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on a corporate governance event rather than financial performance results.
Material Changes
The primary material event disclosed is the execution of an Amended and Restated Sales Agreement. The Trust entered into this agreement with the following dealers:
- Cantor Fitzgerald & Co.
- Virtu Americas LLC
- Virtu ITG Canada Corp.
This agreement supersedes previous arrangements and is attached as Exhibit 99.2 to the filing.
Guidance, Outlook, and Risks
The filing does not contain management commentary, financial guidance, outlook, or specific risk factors. The document serves solely to disclose the amended sales agreement and incorporates the agreement by reference into the Trust's registration statement on Form F-10.
Investor Verification Checklist
- Verify the terms of the Amended and Restated Sales Agreement in Exhibit 99.2.
- Confirm the impact of the new dealer relationships on the Trust's liquidity and trading spreads.
- Review the Trust's Form F-10 (File No. 333-229639) for the full context of the incorporated exhibit.