Global X Sets $0.12 U.S.-Dollar Distribution for S&P 500 ETF

Global X Investments Canada Inc. set a monthly distribution of $0.12 per unit for the Global X S&P 500 Covered Call ETF, with payment expected on or about Nov. 6. The distribution is denominated in U.S. dollars, while the ETF’s Canadian-dollar-traded units use ticker USCC. The account provider for holders of those units typically converts the payment to Canadian dollars. Oct. 30 is both the record date and the ex-dividend date for the distribution. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost