Central GoldTrust exposes the truth behind Sprott's misinformation campaign; Unitholders should REJECT the hostile Sprott offer by TAKING NO ACTION
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 09/14/15 -- Dear Fellow Unitholders,
The hostile take-over bid launched by Sprott Asset Management LP, a subsidiary of Sprott Inc. (together with Sprott Physical Gold Trust ("Sprott PHYS") and its affiliates, "Sprott") is set to expire on Friday September 18th, unless extended or withdrawn.
At this critical juncture in Central GoldTrust's (TSX: GTU.U)(TSX: GTU.UN)(NYSE MKT: GTU) ("CGT") history, your Trustees wish to set the record straight once and for all and expose Sprott's misinformation campaign for what it really is - a smear campaign filled with misleading statements to deflect your attention away from their inadequate, self-serving hostile offer. Don't be fooled by Sprott's empty rhetoric - REJECT Sprott's self-serving, hostile offer; TAKE NO ACTION or WITHDRAW YOUR UNITS if already tendered.
"There are lies, damned lies and statistics" - Mark Twain
THE CHOICE IS CLEAR: REJECT Sprott's offer by TAKING NO ACTION
WITHDRAW YOUR UNITS if already tendered
For more information, please visit
More detailed information regarding Sprott's offer and the reasons for your Trustees' recommendation to CGT unitholders to REJECT Sprott's offer can be found on CGT's website at or . Unitholders are urged to read the documents provided on our website in detail before making any decision about Sprott's offer.
Your Trustees recommend that unitholders REJECT Sprott's offer, TAKE NO ACTION, DO NOT TENDER their units to Sprott's offer and WITHDRAW their units if already tendered.
The Trustees caution unitholders regarding any advice or recommendations they may receive from their financial advisors or brokers, which may be biased and based on their desire to collect solicitation fees from Sprott. Sprott is paying your broker to convince you to tender. Don't be talked into tendering - brokers are only being paid on units tendered.
Thank you for your consideration of these concerns, and we thank you for your continued support of Central GoldTrust.
Sincerely,
Bruce Heagle, Chair of the Special Committee of Independent Trustees
J.C. Stefan Spicer, Founder, Chairman and CEO
About Central GoldTrust
CGT (established on April 28, 2003) is a passive, self-governing, single purpose trust, which invests primarily in long-term holdings of gold bullion and does not speculate in gold prices. At September 11, 2015, the CGT units were 99.5% invested in unencumbered, allocated and physically segregated gold bullion. Units may be purchased or sold on the Toronto Stock Exchange and NYSE MKT.
Additional Information and Where to Find It
The recommendation of the Trustees described herein is contained in the Trustees' Circular, which has been filed with Canadian securities regulatory authorities and is also contained in the solicitation/recommendation statement filed with the Securities and Exchange Commission ("SEC"). The Trustees' Circular may be obtained at and at http://www.gold-trust.com/news.htm. The solicitation/recommendation statement may be obtained at the SEC's website at http://www.sec.gov.
Forward-Looking Statements
Statements contained in this letter that are not historical facts, including those related to the anticipated continuing benefits of CGT's structure and the anticipated consequences and impacts of Sprott's offer and the proposed enhanced redemption feature, are forward-looking statements that involve assumptions, risks and uncertainties. Actual results or outcomes could differ materially from those expressed or implied by such statements. Accordingly, such statements should not be unduly relied upon. Factors that could cause or contribute to such differences include, but are not limited to, those risks detailed in CGT's filings with the Canadian securities regulatory authorities and the SEC. Except as required by applicable securities laws, CGT disclaims any obligation to update or revise these forward-looking statements.
Contacts:
D.F. King & Co.
1-800-251-7519
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Datum: 14.09.2015 - 11:50 Uhr
Sprache: Deutsch
News-ID 419759
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