TORONTO, ONTARIO–(Marketwired – Oct 14, 2015) – Central GoldTrust (“GoldTrust”) (TSX:GTU.UN) (C$) (TSX:GTU.U) (US$); (NYSE MKT:GTU) (US$)) today appear that the Board of Trustees has reaffirmed its advocacy that Unitholders should adios the unsolicited activity by Sprott Asset Administration LP and Sprott Physical Gold Affirmation (collectively, “Sprott”). Sprott’s adverse offer, which has been connected bristles times back it was aboriginal launched in May, is now set to expire on October 30, 2015.
Bruce Heagle, Chair of the Special Committee of the Board of Trustees of GoldTrust stated: “Sprott’s contempo claims of an “increased offer” are illusory; in reality, annihilation has changed. Their declared “premium consideration” of $0.10 per Unit is immaterial; it represents beneath than 0.3% of the accepted amount of a GoldTrust Unit, and would be added than account by the college anniversary administration fees answerable by Sprott. Sprott continues to activity no allusive premium, would allegation decidedly college administration fees, band Unitholders of around all their babyminding rights and betrayal assertive U.S. Unitholders to college tax risk. Rejecting Sprott’s self-serving, bare activity and application your GoldTrust Units, characterized by an industry-leading amount ratio, above banknote aegis and safeguards, and a sound, tax-efficient structure, is the bright best for abiding banknote investors.”
Mr. Heagle continued: “Sprott’s boring apply attack is a atrocious attack to abstruse the facts: admitting aggravating to buy abutment for their activity by advantageous brokers, Sprott has collapsed far abbreviate of the appropriate 66 2/3% of GoldTrust Units their activity requires because so abounding GoldTrust Unitholders accept not tendered to their bare offer. In fact, by Sprott’s own admission, as of October 5, 2015, above-mentioned to the fifth addendum of their offer, alone 42.46% of GoldTrust Units had been tendered to their offer. Sprott has declared that this latest addendum is accepted to be their aftermost – the Trustees appetite all Unitholders to accelerate a bright bulletin to Sprott that it’s time for them to aish their bare activity and stop afflictive Unitholders. We acknowledge GoldTrust Unitholders for their backbone and connected support.”
GoldTrust Trustees abide to acclaim that Unitholders REJECT Sprott’s offer, TAKE NO ACTION, DO NOT TENDER their Units to Sprott’s activity and WITHDRAW their Units if already tendered.
GoldTrust Unitholders are reminded that they are NOT REQUIRED to accomplish any acclamation or breakable their Units to Sprott, behindhand of what brokers may say. If instructed by a agent that abandonment is appropriate or that Unitholders cannot “do nothing,” amuse alarm D.F. King & Co at 1-800-251-7519 for assistance.
About Central GoldTrust
GoldTrust (established on April 28, 2003) is a passive, self-governing, distinct purpose trust, which invests primarily in abiding backing of gold banknote and does not brainstorm in gold prices. At October 13, 2015, the GoldTrust Units were 99.7% invested in unencumbered, allocated and physically absolute gold bullion. Units may be purchased or awash on the Toronto Stock Exchange and NYSE MKT.
Additional Advice and Where to Find It
The advocacy of the Trustees declared herein is independent in the Trustees’ Circular, which has been filed with Canadian balance authoritative authorities and is additionally independent in the solicitation/recommendation account filed with the Balance and Exchange Commission (“SEC”). Unitholders are apprenticed to apprehend the Trustees’ Circular and the solicitation/recommendation account and added accordant abstracts because they accommodate important information. The Trustees’ Circular and added filings fabricated by GoldTrust with Canadian balance authoritative authorities back 2003 may be acquired after allegation at http://www.sedar.com and at the broker relations area of the GoldTrust website at http://www.gold-trust.com/news.htm. The solicitation/recommendation account and added SEC filings fabricated by GoldTrust may be acquired after allegation at the SEC’s website at http://www.sec.gov and at the broker relations area of the GoldTrust website at http://www.goldtrust.com/news.htm.
Certain statements independent in this columnist absolution aggregate “forward-looking statements” beneath United States federal balance laws and “forward-looking information” beneath Canadian balance laws (collectively, “Forward-Looking Statements”), including those accompanying to: the affidavit of the Board of Trustees for advising to Unitholders the bounce of Sprott’s offer, not demography any activity with account to Sprott’s activity and not abandonment any Units to Sprott’s offer; the advancing costs, risks and uncertainties associated with Sprott’s offer, including any advancing impacts on banknote security, babyminding and Unitholder rights, abeyant tax risks and fees to be calm by Sprott; the advancing timing, mechanics, achievement and adjustment of Sprott’s offer; the amount of the Sprott Physical Gold Affirmation units that would be accustomed as application beneath Sprott’s offer; the adeptness of Sprott to complete the affairs advised by Sprott’s offer; any advancing after-effects or achievement of Sprott Physical Gold Affirmation or any added affiliates of Sprott; any advancing changes to the bazaar amount of Sprott Physical Gold Affirmation units or any added balance of Sprott and their affiliates; and any advancing approaching prices of gold and the units. GoldTrust cautions investors about important factors that could account absolute after-effects or outcomes to alter materially from those expressed, adumbrated or projected in such Forward-Looking Statements. Such Forward-Looking Statements absorb projections, estimates, assumptions, accepted and alien risks and uncertainties which could account absolute after-effects or outcomes to alter materially from those bidding in such Forward-Looking Statements or contrarily be materially inaccurate. No affirmation can be accustomed that these projections, estimates, expectations or assumptions will prove to be absolute and any Forward-Looking Statements included in this columnist absolution should not be disproportionately relied upon. These Forward-Looking Statements allege alone as to GoldTrust’s beliefs, views, expectations and opinions as of the date of this columnist release. Except as appropriate by applicative balance laws, GoldTrust does not intend and does not accept any obligations to amend or alter these Forward-Looking Statements, whether as a aftereffect of new information, approaching contest or otherwise. In addition, this columnist absolution may accommodate Forward-Looking Statements fatigued from or attributed to third affair sources. Factors that could account or accord to such differences include, but are not bound to, those risks abundant in GoldTrust’s filings with the Canadian balance authoritative authorities and the SEC.
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