Company: SPPP
Filing Date: 2025-10-10
Form Type: F-10EF
Source: 0001999371-25-015206
Chunk: 29

Company: SPROTT PHYSICAL PLATINUM & PALLADIUM TRUST
Filing Date: 2025-10-10
Form: F-10EF
Chunk 29
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 and palladium bullion or fail to bring an action, suit or proceeding within 12 months from the discovery of a loss, damage or destruction, notwithstanding that a notice of loss has been given, all claims with respect to such loss, damage or destruction shall be deemed to be waived and no action, suit or other proceeding can be brought against the Mint. The loss of the right to make a claim or of the ability to bring an action, suit or other proceeding against the Mint may mean that any such loss will be non-recoverable, which will have an adverse effect on the value of the net assets of the Trust and the NAV. -15- Canadian registered plans that redeem their trust units for physical platinum and palladium bullion may be subject to adverse consequences. Physical platinum and palladium bullion received by deferred profit sharing plan, tax-free savings account, first home savings account, registered disability savings plan, registered education savings plan, registered retirement savings plan and registered retirement income fund that is a resident of Canada on a redemption of trust units for physical platinum and palladium bullion will not be a qualified investment for such plan. Accordingly, such plans (and in the case of certain plans, the annuitants or beneficiaries thereunder or holders thereof) may be subject to adverse Canadian tax consequences. The trading price of the trust units could potentially be more volatile relative to NAV. The trading price of the trust units may become more volatile relative to NAV and could be impacted by various factors which may be unrelated or disproportionate to the price of physical platinum and palladium bullion, including market trends and the sentiment of investors toward physical platinum and palladium bullion. USE OF PROCEEDS Unless otherwise specified in a prospectus supplement, the net proceeds that the Trust will receive from the issue of its trust units will be used to acquire physical platinum and palladium bullion in accordance with the Trust’s objective and subject to the Trust’s investment and operating restrictions described herein. See “Sprott Physical Platinum and Palladium Trust — Business of the Trust — Investment Objectives of the Trust” and “Investment and Operating Restrictions”. CAPITALIZATION There have been no material changes in the Trust’s capitalization since the date of the Interim Financial Statements, being the most recently filed financial statements of the Trust, other than: (i) as a result of changes in the price of platinum and palladium; and (ii) as described under the heading “Prior Sales”. On October 8, 2025, the total NAV of the Trust and