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Subsequent Events
9 Months Ended
Jun. 30, 2014
Subsequent Events

8.     Subsequent Events

The Trust Indenture was amended on June 18, 2014, filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 19, 2014 and became effective as of August 2, 2014. The amendment clarifies and supplements certain provisions of the Trust Indenture relating to the creation and redemption of shares, the creation and issuance of creation baskets, the definition of record date, the removal of a custodian, the waiver of the Sponsor’s fee and the listing of the Shares on exchanges and securities markets. In connection with the amendment of the Trust Indenture to make conforming changes to the procedures for the creation and issuance of creation baskets, the SPDR® Gold Trust Participant Agreement among the Trustee, the Sponsor and the Authorized Participants was amended on July 18, 2014, filed with the SEC on July 22, 2014 and became effective on August 1, 2014.

The Sponsor filed a Definitive Consent Solicitation Statement (the “Consent Solicitation”) with the SEC on June 19, 2014 with respect to a proposal to amend and restate the Trust Indenture of the Trust to (i) implement a unitary fee structure and cap investor ordinary fees at 0.40% of the NAV each year and (ii) permit the Sponsor to compensate its affiliates for providing marketing and other services to the Trust without any additional cost to the Trust. The voting period for the Consent Solicitation has been extended to August 29, 2014.

On July 31, 2014, Kevin Feldman resigned as Chief Executive Officer of the Sponsor, with an effective date of August 15, 2014. The Sponsor’s Board of Directors appointed Aram Shishmanian, Executive Director of the Sponsor, to serve as the Acting Chief Executive Officer of the Sponsor effective upon Mr. Feldman’s departure. Mr. Shishmanian has served as the Chief Executive Officer of the World Gold Council, the ultimate parent company of the Sponsor, since January 2009.