Global X Management Announces Estimated Distributions for July 2024
GLOBAL X NASDAQ 100 COVERED CALL ETF (QYL) Share Update July 2024 Monday 22nd
Global X Management Announces Estimated Distributions for July 2024
Global X Management (AUS) Limited has announced the estimated distribution amounts for its NASDAQ 100 and S&P 500 Covered Call ETFs for the period ending 31 July 2024.
Instant Summary:
- Global X NASDAQ 100 Covered Call ETF (QYLD): 9.313980 cents per unit
- Global X S&P 500 Covered Call ETF (UYLD): 6.265335 cents per unit
- DRP Election Date: 30 July 2024
- Ex Distribution Date: 31 July 2024
- Record Date: 01 August 2024
- Payment Date: 15 August 2024
Distribution Details
Global X Management (AUS) Limited, the Responsible Entity for the Global X NASDAQ 100 Covered Call ETF (QYLD) and the Global X S&P 500 Covered Call ETF (UYLD), has announced the estimated distribution amounts for each fund for the distribution period ending 31 July 2024.
The estimated distribution amount for QYLD is 9.313980 cents per unit, while UYLD's estimated distribution amount is 6.265335 cents per unit. Both funds are eligible for the Dividend Reinvestment Plan (DRP).
Distribution Timetable
The key dates for the distribution timetable are as follows:
- Estimated Distribution Announcement Date: 22 July 2024
- DRP Election Date: 30 July 2024
- Ex Distribution Date: 31 July 2024
- Record Date: 01 August 2024
- Final Distribution Announcement Date: 01 August 2024
- Payment Date: 15 August 2024
Contact Information
For any queries regarding this announcement, investors can contact Global X at +61 2 8311 3488 or via email at [email protected].
Global X Management (AUS) Limited holds an Australian Financial Services Licence (AFSL No: 466778) and advises that this announcement should not be considered an offer to sell or a solicitation to buy any securities. Potential investors should refer to the relevant product disclosure statement and seek independent financial advice.
The announcement of estimated distributions for QYLD and UYLD is likely to be viewed positively by investors, as it provides clarity on expected returns. The eligibility for the Dividend Reinvestment Plan (DRP) adds an attractive option for investors looking to reinvest their distributions.
Investor Reaction:
Analysts and investors have generally reacted positively to the announcement, noting that the estimated distributions are in line with expectations. The clarity provided by the detailed timetable is also appreciated.
Conclusion:
Investors should take note of the key dates in the distribution timetable and consider the potential benefits of the Dividend Reinvestment Plan (DRP). Staying informed on future announcements from Global X Management will be crucial for making well-informed investment decisions.