TORONTO, Ontario — February 17, 2026 — Leads & Copy —
Sprott Asset Management LP, a wholly-owned subsidiary of Sprott Inc., has announced amendments to the trust agreement of the Sprott Physical Copper Trust (COP.UN) (COP.U), a closed-end trust focused on physical copper investments. The announcement follows the U.S. Securities and Exchange Commission’s (SEC) approval of NYSE Arca’s application to list and trade COP’s trust units on the exchange.
The trust agreement amendments include changing COP’s semi-annual redemption feature to a monthly one, pending unitholder approval at an upcoming meeting. The current cap limiting redemptions to 1.5% of outstanding units at the end of the notice period will be removed.
The amendments also address changes related to the potential listing of the units on the NYSE Arca. The date of the unitholder meeting will be announced later, aligning with the effectiveness of a registration statement to be filed under the U.S. Securities Exchange Act of 1934 for the NYSE Arca listing.
Details of the amendments are available in Amendment No. 1 to the Trust Agreement, accessible on SEDAR+ at www.sedarplus.ca. Further details regarding the COP unitholder meeting will be provided in meeting materials and filed on SEDAR+.
The NYSE Arca listing remains contingent on the filing and effectiveness of the registration statement. The Trust offers no assurance that the listing will be successful.
Sprott is a global asset manager specializing in precious metals and critical materials. The firm offers investment strategies including Exchange Listed Products, Managed Equities, and Private Strategies. Sprott has offices in Toronto, New York, Connecticut, and California, with its common shares listed on the NYSE and TSX under the symbol “SII”.
Important information about the Trust, including investment objectives, strategies, management fees, and expenses, is available in the Trust’s annual information form and prospectus. Investment funds are not guaranteed, and their values may fluctuate.
Source: Sprott
