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Enter Symbol
or Name
USA
CA



Central GoldTrust
Symbol GTU
Shares Issued 19,299,000
Close 2015-10-09 C$ 53.30
Market Cap C$ 1,028,636,700
Recent Sedar Documents

Central GoldTrust holder discloses historical holdings

2015-10-09 23:12 ET - News Release

Mr. Matthew Smith of Smith Affiliated reports

SMITH AFFILIATED CAPITAL CORP.: HISTORICAL HOLDINGS IN CENTRAL GOLDTRUST

On June 16, 2010, Smith Affiliated Capital Corp. acquired control or direction over 1,145,640 trust units of Central GoldTrust on behalf of its managed accounts. As a result of this acquisition of trust units, as at June 16, 2010, Smith Affiliated may be considered, under Canadian securities laws, to have had control or direction over 1,830,551 trust units of the issuer (composed of 4,780 trust units held directly by Smith Affiliated and 1,825,771 trust units on behalf of managed accounts), which constituted approximately 10.82 per cent of the issued and outstanding trust units of the issuer, calculated as at such date in accordance with applicable Canadian securities laws.

Subsequently, on May 18, 2011, Smith Affiliated disposed of 12,485 trust units of the issuer on behalf of its managed accounts. Immediately following this disposition of trust units, as at May 18, 2011, Smith Affiliated may be considered, under Canadian securities laws, to have had control or direction over 1,685,658 trust units of the issuer on behalf of managed accounts. In addition, Maria E. Smith, a director and the chief executive officer of Smith Affiliated, with whom Smith Affiliated may have been considered to have been acting jointly or in concert, had beneficial ownership of 100 trust units, such that Smith Affiliated and its joint actors had beneficial ownership of and/or control or direction over a total of 1,685,758 trust units, which constituted approximately 9.96 per cent of the issued and outstanding trust units of the issuer, calculated as at such date in accordance with applicable Canadian securities laws.

On Aug. 10, 2011, Smith Affiliated acquired control or direction over 46,662 trust units of the issuer on behalf of its managed accounts. As a result of this acquisition of trust units, as at Aug. 10, 2011, Smith Affiliated may be considered, under Canadian securities laws, to have had control or direction over 1,722,063 trust units of the issuer on behalf of managed accounts. In addition, Ms. Smith, a director and the chief executive officer of Smith Affiliated, with whom Smith Affiliated may have been considered to have been acting jointly or in concert, had beneficial ownership of 100 trust units, such that Smith Affiliated and its joint actors had beneficial ownership of and/or control or direction over a total of 1,722,163 trust units, which constituted approximately 10.17 per cent of the issued and outstanding trust units of the issuer, calculated as at such date in accordance with applicable Canadian securities laws.

Subsequently, on Aug. 11, 2011, Smith Affiliated disposed of 36,180 trust units of the issuer on behalf of its managed accounts. Immediately following this disposition of trust units, as at Aug. 11, 2011, Smith Affiliated may be considered, under Canadian securities laws, to have had control or direction over 1,758,243 trust units of the issuer on behalf of managed accounts. In addition, Ms. Smith, a director and the chief executive officer of Smith Affiliated, with whom Smith Affiliated may have been considered to have been acting jointly or in concert, had beneficial ownership of 100 trust units, such that Smith Affiliated and its joint actors had beneficial ownership of and/or control or direction over a total of 1,758,343 trust units, which constituted approximately 9.11 per cent of the issued and outstanding trust units of the issuer, calculated as at such date in accordance with applicable Canadian securities laws.

On Sept. 26, 2011, Smith Affiliated acquired control or direction over 140,607 trust units of the issuer on behalf of its managed accounts. As a result of this acquisition of trust units, as at Sept. 26, 2011, Smith Affiliated may be considered, under Canadian securities laws, to have had control or direction over 1,941,376 trust units of the issuer on behalf of managed accounts. In addition, Ms. Smith, a director and the chief executive officer of Smith Affiliated, with whom Smith Affiliated may have been considered to have been acting jointly or in concert, had beneficial ownership of 200 trust units, such that Smith Affiliated and its joint actors had beneficial ownership of and/or control or direction over a total of 1,941,576 trust units, which constituted approximately 10.06 per cent of the issued and outstanding trust units of the issuer, calculated as at such date in accordance with applicable Canadian securities laws.

Subsequently, on May 21, 2012, Smith Affiliated disposed of 139,692 trust units of the issuer on behalf of its managed accounts. Immediately following this disposition of trust units, as at May 21, 2012, Smith Affiliated may be considered, under Canadian securities laws, to have had control or direction over 1,910,930 trust units of the issuer on behalf of managed accounts. In addition, Ms. Smith, a director and the chief executive officer of Smith Affiliated, with whom Smith Affiliated may have been considered to have been acting jointly or in concert, had beneficial ownership of 200 trust units, such that Smith Affiliated and its joint actors had beneficial ownership of and/or control or direction over a total of 1,911,130 trust units, which constituted approximately 9.90 per cent of the issued and outstanding trust units of the issuer, calculated as at such date in accordance with applicable Canadian securities laws.

All transactions referred to in this release were completed on the New York Stock Exchange.

For the periods that Smith Affiliated may be considered, under Canadian securities laws, to have had ownership and/or control or direction over 10 per cent or more of the trust units of the issuer as described herein, the securities that are subject of this release were purchased for, and were held for, investment purposes only and not for the purpose of exercising control or direction over the issuer. The purchases were made in the ordinary course of Smith Affiliated's and the joint actor's investment activities. During the relevant periods, neither Smith Affiliated, nor the joint actor had any plan or proposal which related to, or would have resulted in, acquiring additional ownership or control over the securities of the issuer, other than in the ordinary course of business of Smith Affiliated or the joint actor. During the relevant periods, Smith Affiliated's and the joint actor's decisions as to whether to purchase or sell securities of the issuer were dependant on market conditions and other factors material to the investment decision.

In addition, for informational purposes only, Smith Affiliated reports that as at the date of this release, Smith Affiliated may be considered, under Canadian securities laws, to have control or direction over 1,759,283 trust units of the issuer on behalf of managed accounts. In addition, Ms. Smith, a director and the chief executive officer of Smith Affiliated, with whom Smith Affiliated may be considered to be acting jointly or in concert, has beneficial ownership of 200 trust units, such that Smith Affiliated and its joint actors have beneficial ownership of and/or control or direction over a total of 1,759,483 trust units, which constitutes approximately 9.12 per cent of the issued and outstanding trust units of the issuer, calculated as at such date in accordance with applicable Canadian securities laws.

The filing of this release is not an admission that any entity named in this release owns or controls any securities described in this release or is a joint actor with another named entity.

The address of Smith Affiliated is 88 Pine St., fifth floor, New York, N.Y., United States of America, 10005.

For more information, or for a copy of the report filed under applicable securities laws by Smith Affiliated in connection with transactions referred to in this press release, please contact Matthew Smith, president of Smith Affiliated, at 212-644-9440.

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