The Weyerhaeuser Company (NYSE: WY) has announced, in addition to a regular cash dividend of US$ 0.05 per share, a special dividend, consisting of stock and cash, to be paid as part of its regular third quarter dividend on approximately September 1, 2010. As record holders of Weyerhaeuser Company, SPDR® S&P 500 ETF Trust (NYSE: SPY), The Materials Select Sector SPDR® Fund (NYSE: XLB), SPDR® Dow Jones Large Cap ETF (NYSE: ELR), SPDR® Dow Jones Large Cap Value ETF (NYSE: ELV) and SPDR® Dow Jones Total Market ETF (NYSE: TMW) are entitled to receive such dividends. These ETFs do not intend to make a special dividend payment reflecting the amounts received from Weyerhaeuser Company. The amounts received from Weyerhaeuser Company will be reflected as part of the ETFs’ scheduled dividend payments.
State Street manages more than $200 billion in SPDR ETF assets worldwide (as of June 30, 2010) and is one of the largest ETF providers in the US and globally.
About State Street Global Advisors
State Street Global Advisors (SSgA) is a global leader in asset management that sophisticated investors worldwide rely on for a disciplined investment process, powerful global investment platform and access to every major asset class, capitalization range and style. SSgA is the asset management business of State Street, one of the world’s leading providers of financial services to institutional investors.
Note to Editors: SPDR® Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of international and domestic asset classes. SPDR ETFs provide professional investors with the flexibility to select investments that are precisely aligned to their investment strategy. Recognized as the industry pioneer, State Street—in partnership with the American Stock Exchange—created the first ETF in 1993 (SPDR S&P 500 – Ticker SPY). Since then, we’ve sustained our place as an industry innovator through the introduction of many ground-breaking products, including first-to-market successes with gold, international real estate, international fixed income and sector ETFs. SPDR ETFs are managed or marketed by SSgA or SSgA Funds Management, Inc, a registered investment adviser and wholly owned subsidiary of State Street Bank and Trust Company.
ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.
Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations, all of which may be magnified in emerging markets.
Frequent trading of ETFs could significantly increase commissions and other costs such that they may offset any savings from low fees or costs.
"SPDR®" is a registered trademark of Standard & Poor’s Financial Services LLC ("S&P") and has been licensed for use by State Street Corporation. No financial product offered by State Street Corporation or its affiliates is sponsored, endorsed, sold or promoted by S&P or its Affiliates, and S&P and its affiliates make no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in such products. Standard & Poor’s®, S&P®, SPDR®, S&P 500® and Select Sector SPDRs® are registered trademark of Standard & Poor’s Financial Services LLC and have been licensed for use by State Street Corporation.
Distributor (for SPDR ETFs, except as noted below): State Street Global Markets, LLC, member FINRA, SIPC, a wholly owned subsidiary of State Street Corporation.
ALPS Distributors, Inc., a registered broker-dealer, is distributor for SPDR S&P 500 shares, MidCap SPDRs and Dow Diamonds, all unit investment trusts and Select Sector SPDRs.
References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs.
Before investing, consider the funds’ investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 or visit www.spdrs.com. Read it carefully.
Marie McGehee, 617-664-1898
Troy Mayclim, 914-686-5599
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