Invesco CurrencyShares (NYSE: FXC) sponsor board member Jordan Krugman to step down
Rhea-AI Filing Summary
Invesco CurrencyShares Canadian Dollar Trust reported that Mr. Jordan Krugman has given notice of his resignation from all positions at Invesco Specialized Products, LLC, the Trust’s sponsor, and its affiliates.
His resignation, including from the Sponsor’s Board of Managers, will be effective after the close of business on August 3, 2026. The Sponsor is considering a replacement for Mr. Krugman.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Resignation notice date: June 4, 2026
Resignation effective date: August 3, 2026
Trading symbol: FXC
+1 more
4 metrics
Resignation notice date
June 4, 2026
Date Mr. Krugman notified the trust of his resignation
Resignation effective date
August 3, 2026
Effective at close of business for all sponsor positions
Trading symbol
FXC
Common Units of Beneficial Interest listed on NYSE Arca
Exchange Act section
Section 13 or 15(d)
Filed pursuant to the Securities Exchange Act of 1934
Key Terms
Common Units of Beneficial Interest, Emerging growth company, Board of Managers, Sponsor, +1 more
5 terms
Common Units of Beneficial Interest financial
"Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered Common Units of Beneficial Interest"
Emerging growth company regulatory
"Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Board of Managers financial
"including his position as a member of the Board of Managers of the Sponsor"
Sponsor financial
"Invesco Specialized Products, LLC (the “Sponsor”) and its affiliates"
Common Units financial
"Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered Common Units of Beneficial Interest"
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
When is Jordan Krugman’s resignation from the FXC sponsor effective?
Jordan Krugman’s resignation becomes effective at the close of business on August 3, 2026. Until that date, he continues in his roles at Invesco Specialized Products, LLC and its affiliates, including as a member of the Sponsor’s Board of Managers for the trust.
Is a replacement identified for Jordan Krugman at the FXC sponsor?
A replacement has not yet been named. The filing states that Invesco Specialized Products, LLC, the sponsor of Invesco CurrencyShares Canadian Dollar Trust, is currently considering Mr. Krugman’s replacement following his planned August 3, 2026 resignation from all sponsor roles.