Roundhill Sets $0.1094 Distribution for Gold WeeklyPay ETF

Roundhill set a $0.1094-per-share distribution for Roundhill Gold WeeklyPay ETF (GLDW), down 42.2% from its previous $0.1892 distribution , which was scheduled for Oct. 27. The new distribution was declared Oct. 30. Monday, Nov. 2, is both the ex-dividend date and the record date. Payment is scheduled for Tuesday, Nov. 3. GLDW expects, but does not guarantee, to make weekly distributions. The strategy seeks a calendar-week return equal to 1.2 times GLD’s total return over that week, calculated before fees and expenses. Its strategy provides leveraged weekly exposure to the trust rather than direct investment in gold.

Source: TokenPost