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Invesco CurrencyShares British Pound Sterling Trust (IVZ+1.48%) has submitted its 10-Q filing for the quarterly period ended September 30, 2024.
The filing includes financial statements for the quarter, showing British Pound Sterling deposits of $64,426,532, down from $85,722,013 at the end of the previous year.
Interest income for the quarter was $503,041, with total expenses amounting to $56,967, resulting in a net comprehensive income of $446,074.
The Trust had 500,000 redeemable capital shares outstanding as of September 30, 2024, compared to 700,000 at the end of the previous year.
Distributions per share for the three months ended September 30, 2024, were $0.96, with total distributions paid amounting to $431,479.
The Trust's assets are concentrated in British Pounds Sterling, creating a risk associated with fluctuations in the exchange rate.
The Trust does not hold securities or use derivative instruments and is not subject to market risk beyond currency exchange rate fluctuations.
The Trust's NAV is calculated daily based on the British Pound Sterling/USD exchange rate, with the NAV per share determined by dividing the NAV by the number of outstanding shares.
The Trust's financial position and results of operations rely on estimates and assumptions, with the Sponsor responsible for most operational expenses.
The Trust's liquidity and capital resources are stable, with the Sponsor bearing most expenses, and no material cash requirements are anticipated.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Invesco CurrencyShares British Pound Sterling Trust quarterly 10-Q report dated November 7, 2024. To report an error, please email earnings@qz.com.