424B3 1 m53213424b2.htm PRICING SUPPLEMENT NO. 16

 

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

 

Pricing Supplement No. 16
(To Prospectus dated July 27, 2018)

 

 

 

 

GOLD DEPOSIT RECEIPTS

 

Pricing Supplement
April 2021

 

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:

April 1 – April 30, 2021

   

Number of Class A and

Class F throughClass F-3

Receipts Sold in Period:

8 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 1,186 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 April 15, 2021 at $1,799.59, April 26 at $1,814.17 and April 27, 2021 at $1,814.68, representing the prevailing interbank spot prices for one troy ounce of gold, plus a 2.00% deposit fee.

 

_____________________________

 

1By class, at April 30, 2021, there are Gold Deposit Receipts outstanding as follows: Class A, 204; Class F, 123; Class F-1, 859; Class F-2, 0; Class F-3, 0; and Class S, 0.

 

   
 

 

Net Proceeds to the

Trust:

 $14,217.00
   
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.