The SPDR® S&P 500 Exchange Traded Fund (ETF) Trust (NYSE: SPY) announced today that the Fund received payment as an authorized claimant from a class action settlement related to Merrill Lynch & Co. The total amount payable to the Fund is listed below. When the Fund calculates its net asset value (“NAV”) per share on Thursday, June 24, 2010, it is estimated that the Fund’s NAV will be impacted by the receipt of the corresponding payment in the amount stated below based on the shares outstanding as of June 22, 2010.
|Fund||SettlementPayment||SharesOutstanding as ofJune 22, 2010||Per ShareAmount|
|SPDR® S&P 500 ETF Trust||$8,853,107||710,832,116||$0.0125|
Risk DisclosuresETFs 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. In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details. 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: ALPS Distributors, Inc., a registered broker-dealer, is distributor for SPDR S&P 500 shares, MidCap SPDRs and SPDR Dow Jones Industrial Average , all unit investment trusts and Select Sector SPDRs. Merrill Lynch and ALPS Distributors, Inc. are unaffiliated entities. 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 which contains this and other information call 1-866-787-2257 or visit www.spdrs.com . Read it carefully. SPD000223 Exp. 7/31/2010 CORP-0127