SPDR(R) ETF Family Announces Impact of AOL Time Warner Securities Litigation Settlement
July 31 2007 - 8:33PM
Business Wire
The SPDR� S&P 500 ETF (SPDR Trust, Series I, AMEX:SPY - News),
Technology Select Sector SPDR� Fund (AMEX:XLK - News); Consumer
Discretionary Select Sector SPDR� Fund (AMEX:XLY - News), SPDR� DJ
Global Titans ETF (AMEX:DGT - News), SPDR� DJ Wilshire Total Market
ETF (AMEX:TMW - News), SPDR� DJ Wilshire Large Cap Growth ETF
(AMEX:ELG - News), and Morgan Stanley Technology ETF (AMEX:MTK -
News), announced today that each Fund received payments from the
America Online / Time Warner Securities Litigation Settlement as
authorized claimants. The settlement stemmed from a lawsuit
alleging violations of the Securities Act of 1933 and Securities
Exchange Act of 1934 between 1999-2002. The amounts each Fund
received from the settlement are listed below. When each Fund
calculates its net asset value (�NAV�) per share on Wednesday,
August 1, 2007, it is estimated that each Funds� NAV will be
impacted by the receipt of the corresponding payment in the amount
stated below based on the shares outstanding as of July 31, 2007.
Fund Litigation Settlement Payment Shares Outstanding as of July
31, 2007 Per Share Amount SPDR� S&P 500 ETF $15,945,512
397,762,491 $0.040 Technology Select Sector SPDR� Fund $1,968,281
93,553,890 $0.021 Consumer Discretionary Select Sector SPDR� Fund
$74,628 13,851,564 $0.005 SPDR� DJ Global Titans ETF $22,488
2,200,237 $0.010 SPDR� DJ Wilshire Total Market ETF $44,509
1,200,117 $0.037 SPDR� DJ Wilshire Large Cap Growth ETF $41,238
4,000,112 $0.010 Morgan Stanley Technology ETF $92,760 3,100,104
$0.030 SSgA Funds Management, Inc. SSgA Funds Management, Inc. is
the investment advisor of the Select Sector SPDR Trust and
streetTRACKS Series Trust and a wholly owned subsidiary of State
Street Corporation. SSgA Funds Management, Inc. and other advisory
affiliates of State Street Corporation comprise State Street Global
Advisors ("SSgA"). State Street Global Advisors State Street Global
Advisors, the investment management group of State Street
Corporation, delivers investment strategies and integrated
solutions to clients worldwide across every asset class, investment
approach and style. With $1.9 trillion in assets under management
as of June 30, 2007, State Street Global Advisors has investment
centers in Boston, Hong Kong, London, Milan, Montreal, Munich,
Paris, Singapore, Sydney, Tokyo, and Zurich, and offices in 28
cities worldwide. For more information visit State Street Global
Advisors at www.ssga.com. Select Sector SPDR is a trademark of the
McGraw-Hill Companies, Inc. and has been licensed for use. The
stocks included in each Select Sector SPDR Index were selected by
the compilation agent. The composition and weighting of each Index
can be expected to differ to that of any similar index that is
published by Standard & Poor's. Select Sector SPDRs bear a
higher level of risk than more broadly diversified funds. No
financial product offered by State Street Corporation or its
affiliates is sponsored, endorsed, sold or promoted by McGraw-Hill.
State Street Global Markets, LLC, member FINRA, SIPC is distributor
for all SPDRs products and is a wholly owned subsidiary of State
Street Corporation. References to State Street may include State
Street Corporation and its affiliates. ALPS Distributors, Inc., a
registered broker-dealer, is distributor for SPDR shares, MidCap
SPDRs and Dow Diamonds, all unit investment trusts and Select
Sector SPDRs. Before investing in the Funds, carefully consider the
funds� investment objectives, risks, charges and expenses. A
prospectus, which contains this and other important information
about the Funds can be obtained by calling 866.787.2257 or by
visiting www.ssgafunds.com. Read it carefully before investing.
10575-0708 SPD00171
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