Sprott Physical Platinum and Palladium Trust Raising the Bar in precious metals investing®
As of August 31, 2021 888.622.1813 | [email protected]
The goal of the Sprott Physical Platinum and Palladium Trust (the “Trust”) is to provide a secure, convenient and exchange-traded investment alternative for investors who want to hold physical platinum and palladium. The Trust offers a number of compelling advantages over traditional exchange-traded platinum and palladium funds. Reasons to Own NYSE Arca: SPPP 1. Fully Allocated – The Trust only holds fully allocated and unencumbered precious metals – TSX: SPPP.U ($US) | SPPP ($CA) no exceptions.
The Trust 2. Redeemable for Metals – Unitholders have the ability to redeem their units for physical platinum and palladium on a monthly basis, subject to certain minimum requirements.1 The Sprott Physical Platinum and Palladium Trust (SPPP) is a closed-end trust that 3. Trustworthy Storage – The Trust’s metals will be held in custody by the Royal Canadian Mint, invests in unencumbered and fully-allocated a Federal Crown Corporation of the Government of Canada. Good Delivery physical platinum and 4. Potential Tax Advantage – The Trust may offer a potential tax advantage for certain non-corporate palladium bullion. U.S. investors. Gains realized on the sale of the Trust’s units can be taxed at a capital gains rate of Trust Details (as of August 31, 2021) 15%/20%2 versus the 28% collectibles rate applied to most precious metals ETFs, coins and bars. SPPP (NYSE Arca) 5. Easy to Buy, Sell and Own – Trust units can be purchased on any open trading day for the New York Tickers SPPP.U (TSX $US) Stock Exchange or Toronto Stock Exchange. No need for investors to handle, secure or protect SPPP (TSX $CA) physical metal. Inception Date December 18, 2012 6. A Liquid Investment – With average daily trading volume of over $656.4 thousand in August 2021, Sprott Physical Issuer Platinum and trust units are highly liquid and can be bought and sold on any open trading day at the New York Stock Palladium Trust Exchange or Toronto Stock Exchange. Fund Type Closed-End Trust Performance: Average Annual Total Returns (%) The Royal Canadian Custodian for Bullion Mint Since Inception† Trustee RBC Investor Services As of August 31, 2021 in $US 1 MO* YTD* 1 YR 3 YR 5 YR (Dec. 18, 2012) Sprott Physical Platinum and Palladium CUSIP 85207Q104 -6.03 -3.45 6.14 27.10 18.67 6.59 Trust: NAV** ISIN CA85207Q1046 Sprott Physical Platinum and Palladium -4.33 -3.31 3.98 28.50 18.90 6.45 Sprott Asset Trust: Market Price** Manager Management LP Benchmark: Spot Platinum†† -3.40 -5.25 9.03 8.86 -0.70 -5.04 Units Outstanding 8,509,259 Benchmark: Spot Palladium†† -7.21 0.90 10.00 35.99 29.72 15.82 Platinum: 49,851 * Not annualized. Total Ounces Held* Palladium: 39,065 ** The NAV performance calculation is based on the USD NAV and the market price performance calculation is based on the USD closing price on the NYSE Arca. Market Value of $50.64 Million/ † Since inception return includes an underwriters’ commission of 5%. Platinum Held by Trust 34.1% †† The platinum spot price is measured by the Bloomberg PLAT Comdty Spot Price; the palladium spot price is measured by the Bloomberg PALL Comdty Spot Price. Each price represents the fluctuating market price for one ounce of bullion bought or sold on Market Value of $96.53 Million/ commodity exchanges contracted for immediate payment and delivery. Each price is determined by the forward month’s futures Palladium Held by Trust 65.1% contract with the most volume. Total Net Asset Value $148.38 Million of Trust Price History* * Based on trade date. 24 — NAV — Market Price As of August 31, 2021 Fees & Expenses 20 NAV $17.44 Market Price $17.23 Management 16 1.01% Premium/Discount -1.19% Expense Ratio* Trading Volume 12,809 * Management Expense Ratio (MER) is based on ($) Dollars 12 total expenses (excluding commissions and other Since Inception (Dec. 18, 2012) portfolio transaction costs) and is expressed as 8 High NAV $21.21 an annualized percentage of the average daily Low NAV $5.52 NAV for the period ended 6/30/2021. 4 2012 2014 2015 2016 2017 2018 2019 2020 2021 2021 Premium/Discount Range 6.80% - (20.16%) 12-19 01-01 01-01 01-01 01-02 01-01 01-01 01-01 01-01 08-31 Royal Bank Plaza, South Tower * Since inception through 08/31/2021. 200 Bay Street, Suite 2600, Toronto, ON M5J 2J1 Toll Free: 888.622.1813 | sprott.com Sprott Physical Platinum and Palladium Trust
The Automotive Industry is the Largest Pt-Pd Consumer: Catalytic Converters† The primary driver of demand for both metals is the automotive industry. Platinum (Pt) and Palladium Sprott Physical Platinum (Pd) are key elements in the manufacturing of catalytic converters which help reduce toxic emissions from and Palladium Trust automotive exhaust. Rising car production (especially in emerging economies) and tightening emissions standards worldwide has fueled steady growth in the use of catalytic converters. FAVORABLE TAX ADVANTAGES Platinum Palladium
Investment Other Jewelry 13% 1% 1%
Industrial SPROTT Autocatalyst 13% TRUSTS 32% ETFs & Other COINS 7% 15% or 20%
28% U.S. TAX RATE
For U.S. non-corporate investors who hold units for more than one year and make a Industrial 25% timely Qualified Election Form (QEF) election, gains realized on the sale of the Trust’s units are currently taxed at the long-term capital Jewelry Autocatalyst 23% 84% gains rate of 15% (20% for higher income taxpayers), versus the maximum of 28% † PGM Market Report February 2021. applied against most precious metals ETFs and physical bullion coins.2
1 Please see “Redemption of units” in the Prospectus for details. 2 F or more information, please see ‘’Tax Considerations-U.S. Federal Income Tax Considerations” in the Prospectus and always consult your tax accountant regarding your particular situation.
The Sprott Physical Platinum and Palladium Trust is generally exposed to multiple risks that have been both identified and described in the Prospectus. Please refer to the Prospectus for a description of these risks. Past performance is not an indication of future results. The information provided is general in nature and is provided with the understanding that it may not be relied upon as, nor considered to be, tax, legal, accounting or professional advice. Readers should consult with their own accountants and/ or lawyers for advice on the specific circumstances before taking any action. Sprott Asset Management LP is the investment manager to the Sprott Physical Platinum and Palladium Trust (the “Trust”). Important information about the Trust, including the investment objectives and strategies, applicable management fees, and expenses, is contained in the prospectus. Please read the document carefully before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or operational charges or income taxes payable by any unitholder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. The information contained herein does not constitute an offer or solicitation to anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Views expressed regarding a particular company, security, industry or market sector should not be considered an indication of trading intent of any investment funds managed by Sprott Asset Management LP. These views are not to be considered as investment advice nor should they be considered a 08/21 SPPP PSH recommendation to buy or sell. ® Registered trademark of Sprott Inc. Sprott | Royal Bank Plaza, South Tower, 200 Bay Street, Suite 2600, Toronto, ON M5J 2J1 | Toll Free: 888.622.1813 | sprott.com 0921986