The VanEck Merk Gold Trust, a gold-backed exchange-traded fund, has officially changed its name to VanEck Merk Gold ETF (NYSE:GLD), according to a recent 8-K filing with the Securities and Exchange Commission (SEC). The name change will take effect on August 30, 2024.
On Monday, Merk Investments LLC, the sponsor of the Trust, and The Bank of New York Mellon (NYSE:BK), the trustee, executed a Third Amendment To Depositary Trust Agreement, which facilitated the renaming of the Trust. This amendment modifies the original Trust Agreement dated May 6, 2014, and all subsequent references to the "VanEck Merk Gold Trust" will be updated to reflect the new name "VanEck Merk Gold ETF." However, the Trust's shares will continue to be known as "VanEck Merk Gold Shares."
The renaming is part of a contractual agreement and does not alter any other terms of the Trust Agreement. The Trust's operations and the nature of the investment product offered remain unchanged by this administrative update.
The VanEck Merk Gold ETF is traded on the NYSE Arca under the ticker symbol OUNZ. The ETF allows investors to invest in gold, with the option to take physical delivery of the metal in exchange for their shares, a feature that distinguishes it from other gold investment products.
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