BOSTON--(BUSINESS WIRE)--Nov. 11, 2004--On November 8, 2004, State
Street Bank and Trust Company, as Trustee for the SPDR(R) Trust Series
1 (SPDR(R)) and the Diamond(R) Trust Series 1 (Diamonds(R)), declared
a special dividend ("Special Dividend") to be distributed to
unit-holders of record on November 17, 2004 for both the SPDR(R)
(AMEX:SPY) and the DIAMONDS(R) (AMEX: DIA) exchange-traded funds (the
"Funds"). The Special Dividend was declared in light of the one-time
special dividend being paid by the Microsoft Corporation (NASDAQ
NM:MSFT).
The Special Dividend for both funds will be paid on December 2,
2004 to unit-holders of record as of November 17, 2004. The Special
Dividend ex-date for both Funds is November 15, 2004.
State Street Bank and Trust Company is a subsidiary of State
Street Corporation (NYSE: STT), the world's leading specialist in
providing institutional investors with investment servicing,
investment management and investment research and trading. With $9.0
trillion in assets under custody and $1.2 trillion in assets under
management, as of September 30, 2004, State Street operates in 24
countries and more than 100 markets. For more information, visit State
Street's Web site at www.statestreet.com.
Investors should consider investment objectives, risks, charges
and expenses of the investment companies carefully before investing.
To obtain a prospectus for the SPDR Trust or the DIAMONDS Trust
containing this and other information, go to www.amex.com/SPY or
www.amex.com/DIA or call 1-800-THE AMEX. Please read the prospectus
carefully before investing.
ALPS Distributors, Inc., a registered broker-dealer, is
distributor for SPDR Trust and DIAMONDS Trust, both unit investment
trusts. Both Funds are subject to risks including loss of principal.
"Standard & Poor's(R)," "S&P(R)," "S&P 500(R)," "Standard & Poor's
Depositary Receipts(R)," "SPDR(R)," are trademarks of The McGraw-Hill
Companies, Inc., and have been licensed for use by PDR Services LLC
and the American Stock Exchange LLC in connection with the listing and
trading of SPDRs on the Amex. These products are not sponsored, sold
or endorsed by Standard & Poor's, (S&P), a division of The McGraw-Hill
Companies, Inc., and S&P makes no representation regarding the
advisability of investing in them.
"Dow Jones(SM)," "The Dow(SM)," "Dow Jones Industrial
Average(SM)", "DJIA(SM) " and "DIAMONDS(R)" are trade/service marks of
Dow Jones & Company, Inc. ("Dow Jones") and have been licensed for use
for certain purposes by the American Stock Exchange LLC and PDR
Services LLC pursuant to a License Agreement with Dow Jones. The
DIAMONDS Trust, based on the DJIA, is not sponsored, endorsed, sold or
promoted by Dow Jones, and Dow Jones makes no representation regarding
the advisability of investing in the DIAMONDS Trust.
CONTACT: State Street CorporationArlene Roberts, 617-664-3933
SOURCE: State Street Corporation