SPDR(R) ETF Family Announces Impact of Receiving Settlement Payments (Business Wire)

Wednesday July 23, 5:39 pm ET BOSTON--(BUSINESS WIRE)--The SPDR® S&P 500 ETF (SPDR Trust, Series I, AMEX: ), announced today that each Fund received payments from certain class action settlements as authorized claimants. The SPDR® S&P 500 ETF will record payments received from separate class action settlements related to Molex, Inc. and Freddie Mac. The Technology Select Sector SPDR® Fund will record a payment received from a class action settlement related to Molex, Inc. The Financial Select Sector SPDR® Fund will record a payment received from a class action settlement related to Freddie Mac. The total amount payable to each Fund is listed below. When each Fund calculates its net asset value (“NAV”) per share on Thursday, July 24, 2008, it is estimated that each Fund’s NAV will be impacted by the receipt of the... [read full story]