Correspondence 0001193125-24-186326 from Invesco CurrencyShares Australian Dollar Trust (FXA) (CIK 0001353614) (FXA)
Invesco CurrencyShares Australian Dollar Trust (FXA) (CIK 0001353614)
Date: July 26, 2024 · CIK: 0001353614 · Accession: 0001193125-24-186326
AI Filing Summary & Sentiment
File numbers found in text: 333-280633
Referenced dates: July 9, 2024
Letter
Via EDGAR Securities and Exchange Commission Division of Corporation Finance Registration Statement on Form S-3 Filed July 1, 2024 File No. 333-280633
Re: Invesco CurrencyShares® Australian Dollar Trust
Dear Ms. Cheng:
On behalf of the Invesco CurrencyShares® Australian Dollar Trust (the “Trust”), set forth below is the Trust’s response to the comment provided by the staff of the SEC Division of Corporation Finance (the “Staff”) in its letter dated July 9, 2024, relating to the above-referenced Registration Statement (the “Registration Statement”). The Staff’s comment is set forth below in italics, followed by the Trust’s response. We are concurrently submitting via EDGAR this letter and an amendment to the Registration Statement (“Amendment No. 1”).
1. It appears that the aggregate market value of your common equity held by non-affiliates during the 60 days prior to July 1, 2024 did not exceed the $75 million threshold that General Instruction I.B.1 of Form S-3 specifies. Please provide us with your analysis demonstrating your ability to use Form S-3 pursuant to General Instruction I.B.1, or if you are relying on General Instruction I.B.6 for Form S- 3 eligibility, include the information required pursuant to Instruction 7 to General Instruction I.B.6. Alternatively, please amend your registration statement on an appropriate form.
Response: Acknowledging the Staff’s comment, the Trust hereby advises the Staff that the Trust is not currently eligible to conduct a primary offering on Form S-3 pursuant to General Instruction I.B.1. Accordingly, the Trust has filed Amendment No. 1 to convert the Registration Statement to Form S-1 and has revised the relevant portions of the Registration Statement accordingly.
If you have any questions about the foregoing, please contact counsel for the Trust, Alexis Leineweber of Foley & Lardner LLP at (414) 297-4922 or, in her absence, her colleague Patrick Daugherty at (312) 832-5178.
Securities and Exchange Commission
Page
Sincerely,
INVESCO SPECIALIZED
Show Raw Text
CORRESP 1 filename1.htm CORRESP July 26, 2024 Via EDGAR Ms. Lulu Cheng Securities and Exchange Commission Division of Corporation Finance 100 F Street, NE Washington, DC 20549 Re: Invesco CurrencyShares® Australian Dollar Trust Registration Statement on Form S-3 Filed July 1, 2024 File No. 333-280633 Dear Ms. Cheng: On behalf of the Invesco CurrencyShares® Australian Dollar Trust (the “Trust”), set forth below is the Trust’s response to the comment provided by the staff of the SEC Division of Corporation Finance (the “Staff”) in its letter dated July 9, 2024, relating to the above-referenced Registration Statement (the “Registration Statement”). The Staff’s comment is set forth below in italics, followed by the Trust’s response. We are concurrently submitting via EDGAR this letter and an amendment to the Registration Statement (“Amendment No. 1”). 1. It appears that the aggregate market value of your common equity held by non-affiliates during the 60 days prior to July 1, 2024 did not exceed the $75 million threshold that General Instruction I.B.1 of Form S-3 specifies. Please provide us with your analysis demonstrating your ability to use Form S-3 pursuant to General Instruction I.B.1, or if you are relying on General Instruction I.B.6 for Form S- 3 eligibility, include the information required pursuant to Instruction 7 to General Instruction I.B.6. Alternatively, please amend your registration statement on an appropriate form. Response: Acknowledging the Staff’s comment, the Trust hereby advises the Staff that the Trust is not currently eligible to conduct a primary offering on Form S-3 pursuant to General Instruction I.B.1. Accordingly, the Trust has filed Amendment No. 1 to convert the Registration Statement to Form S-1 and has revised the relevant portions of the Registration Statement accordingly. If you have any questions about the foregoing, please contact counsel for the Trust, Alexis Leineweber of Foley & Lardner LLP at (414) 297-4922 or, in her absence, her colleague Patrick Daugherty at (312) 832-5178. Securities and Exchange Commission Page 2 Sincerely, INVESCO SPECIALIZED PRODUCTS, LLC, Sponsor of the Trust By: /s/ Adam Henkel Adam Henkel Head of Legal, US ETFs