TORONTO, June 1 /CNW/ - Sprott Inc. (TSX:SII) ("Sprott") today announced
that the previously disclosed internal reorganization of its wholly-owned
subsidiary Sprott Asset Management Inc. ("SAM") has been completed. The
reorganization separates SAM's operations into three distinct business lines:
discretionary portfolio management by Sprott Asset Management LP ("SAM LP"),
broker-dealer services by Sprott Private Wealth LP ("SPW"), and consulting
services by Sprott Consulting LP ("SCLP").
This reorganization provides the opportunity to separately brand and
market the three areas of Sprott's operations and is also anticipated to
result in certain tax efficiencies for Sprott. SPW will continue as an
investment dealer and member of the Investment Industry Regulatory
Organization of Canada while SAM LP is an investment counsel/portfolio manager
or equivalent in each of the provinces of Canada and will continue to manage
the portfolios of the Sprott Funds and managed accounts. SCLP will continue
its business activities including the management of Sprott Resource Corp.
About Sprott Inc.
Sprott Inc., through Sprott Asset Management LP, Sprott Private Wealth LP
and Sprott Consulting LP is an independent asset management company dedicated
to achieving superior returns for its investors over time. Sprott Asset
Management manages assets primarily for high net worth individuals and
institutions, and is the investment manager of the Sprott family of funds. For
more information about the Company, please visit www.sprottinc.com.
For further information:
For further information: Investor contact information: (416) 203-2310,
1-877-403-2310 or firstname.lastname@example.org