424B3 1 p630201424b3.htm

 

Filed Pursuant to Rule 424(b)(3)
Registration Statement No. 333-226132

 

Pricing Supplement No. 11
(To Prospectus dated July 27, 2018)

 

 

 

GOLD DEPOSIT RECEIPTS

 

Pricing Supplement
June 2020

 

Issuer: Vaulted Gold Bullion Trust
   
Securities: Class A Gold Deposit Receipts, Class F Gold Deposit Receipts, Class F-1 Gold Deposit Receipts, Class F-2 Gold Deposit Receipts, Class F-3 Gold Deposit Receipts, and Class S Gold Deposit Receipts (collectively, the “Gold Deposit Receipts” or the “Receipts”), each representing an undivided beneficial ownership in a fixed quantity of unencumbered, allocated, physical gold bullion (“Gold Bullion”). The Gold Bullion will be held for the benefit of holders of Gold Deposit Receipts in an account operated by Bank of Montreal at the Royal Canadian Mint. The Gold Deposit Receipts are separate from the Gold Bullion.
   
Period: June 1 – June 30, 2020
   
Number of Class A and
Class F through Class F-3
Receipts Sold in Period:		 15 Class A Gold Deposit Receipts
   
Number of Class S Gold
Deposit Receipts Sold in
Period:		 None
   
Aggregate Gold Deposit
Receipts of All Classes
Outstanding at Period
End:1		 A total of 874 Gold Deposit Receipts outstanding.
   
Daily High and Low Sale
Price to Public per Class
A Gold Deposit Receipt
Sold in Period:		 The sales of the Class A Gold Deposit Receipts took place on June 5, 2020 at $1,716.11 and on June 30, 2020 at $1,810.81, representing the prevailing interbank spot prices for one troy ounce of gold, plus a 2.00% deposit fee.  

 

                                                

1By class, at June 30, 2020, there are Gold Deposit Receipts outstanding as follows: Class A, 183; Class F, 123; Class F-1, 568; Class F-2, 0; Class F-3, 0; and Class S, 0.

 

   
  

 

Net Proceeds to the
Trust:		 $25,701.10
   
Listing: The Gold Deposit Receipts will not be listed or traded on any securities exchange.
   
Underwriter: BMO
   
CUSIP/ISIN for Class A
Gold Deposit Receipts:		 92242D205 / US92242D2053

 

The Gold Deposit Receipts are issued by the Vaulted Gold Bullion Trust and represent direct gold bullion ownership. The securities are not issued by or guaranteed by Bank of Montreal and are not bank deposits.