abrdn Palladium ETF Trust (PALL) Announces 5-for-1 Share Split

What Happened

• abrdn Palladium ETF Trust (the Registrant), issuer of the abrdn Physical Palladium Shares ETF (PALL), filed an 8-K on April 22, 2026 announcing a 5-for-1 forward share split.
• Shareholders of record as of the close of markets on May 14, 2026 will receive five post-split shares for each pre-split share; the split will be payable after market close on May 15, 2026 and effective prior to market open on May 18, 2026.
• The split will reduce the price per share proportionately—the post-split shares will be priced at one-fifth the NAV of a pre-split share. The ticker symbol and CUSIP will remain unchanged. A press release dated April 22, 2026 is attached as Exhibit 99.1.

Key Details

• Split ratio: 5-for-1 forward share split.
• Record date: Close of markets on May 14, 2026.
• Payable date: After market close on May 15, 2026.
• Effective trading date (post-split prices): Prior to market open on May 18, 2026.
• Ticker and CUSIP: No change.

Why It Matters

• The split increases the number of shares outstanding while lowering the price per share proportionately, making individual shares more affordable without changing the fund’s total NAV or a holder’s proportional ownership.
• For retail investors, this may improve liquidity and make buying smaller dollar amounts of PALL easier, but it does not affect the underlying exposure to palladium or change fund economics.