abrdn Palladium ETF Trust 8-K, filed Aug 14, 2024
abrdn Palladium ETF Trust (PALL)
About this 8-K
abrdn Palladium ETF Trust filed this 8-K on August 14, 2024, reporting on events of August 8, 2024.
Items reported
- Item 1.02: Ended a material agreement
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 14, 2024 (
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| Item 1.02 | Termination of a Material Definitive Agreement. |
Termination of Allocated and Unallocated Account Agreements with Prior Custodian
Effective August 8, 2024, JPMorgan Chase Bank N.A. (“JPMorgan” or the “Former Custodian”) no longer serves as a custodian of the Trust’s palladium.
Pursuant to the notice of termination of the allocated and unallocated account agreements with the Former Custodian (the “Former Custody Agreements”) delivered to the Former Custodian, the termination became effective on August 8, 2024, which was the date on which all palladium held in the allocated and unallocated accounts governed by the Former Custody Agreements had transferred to the allocated and unallocated accounts governed by the allocated and unallocated account agreements with ICBC Standard Bank Plc (the “New Custodian”). Accordingly, custody of all of the Trust’s palladium is now pursuant to the allocated and unallocated account agreements with the New Custodian.
No cost or expense was, or will be, incurred by the Trust or the holders of the abrdn Physical Palladium Shares ETF in connection with the termination of the Former Custody Agreements.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ABRDN PALLADIUM ETF TRUST | ||
| By: abrdn ETFs Sponsor LLC, | ||
| Sponsor of the abrdn Palladium ETF Trust | ||
| Date: August 14, 2024 | By: | /s/Brian Kordeck |
| Brian Kordeck | ||
| Chief Financial Officer and Treasurer* | ||
| * | The Registrant is a trust and Mr. Kordeck is signing in his capacities as officer of abrdn ETFs Sponsor LLC, the Sponsor of the Registrant. |