Andurand Capital's Early Warning on Sprott Copper Trust Units
Deal News | Jun 04, 2025 | EIN
Andurand Capital Management Ltd. (ACML), acting as the discretionary investment manager for the Andurand Climate and Energy Transition Master Fund, reported a significant reduction in its holdings of Sprott Physical Copper Trust Units. Filing an early warning report under Canadian regulations, ACML detailed how it disposed of 268,967 units, decreasing its ownership from approximately 14.5% to 12%. These transactions, completed between May 23 and June 3, 2025, were conducted on the Toronto Stock Exchange and through a cash redemption program for total proceeds of about USD 1.96 million. This move aligns with ACML's ongoing investment strategy, as driven by market conditions and issuer developments. The firm stated no specific plans to engage in further transactions, but remains open to potential actions based on future opportunities. A copy of the report is available on SEDAR+, and ACML's contact details are provided for further inquiries.
Sectors
- Investment Management
- Natural Resources
Geography
- Malta – Andurand Capital Management Ltd. is based in Malta, reflecting the firm's headquarters.
- Canada – The Sprott Physical Copper Trust is located in Toronto, Ontario, and the units were traded on the Toronto Stock Exchange.
Industry
- Investment Management – The core activity in the article involves Andurand Capital Management, an investment management firm, executing transactions in managed fund units.
- Natural Resources – The article relates to the Sprott Physical Copper Trust, which deals in assets derived from natural resources, specifically copper.
Financials
- USD 1,961,167 – Total proceeds from the disposal of 268,967 units.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Andurand Capital Management Ltd. | Discretionary Investment Manager | Company | ACML managed the sale of units on behalf of the Andurand Climate and Energy Transition Master Fund. |
| Andurand Climate and Energy Transition Master Fund | Target Company | Company | The fund whose holdings in the Sprott Physical Copper Trust were reduced. |
| Sprott Physical Copper Trust | Issuer | Company | The entity whose units were disposed of by ACML. |