The Master Income ETF (NYSE: HIPS) Declares Monthly Distribution
February 17 2015 - 7:30AM
Business Wire
The Master Income ETF (NYSE: HIPS) has declared its
monthly cash distribution at $0.1075 per share ($1.29 on an
annualized basis.) The distribution will be paid February 20, 2015
to shareholders of record as of the close of business February 19,
2015.
HIPS Cash Distribution:
Ex-Date: Tuesday, February 17thRecord Date: Thursday, February
19thPayable Date: Friday, February 20th
The Master Income ETF plans to issue future distributions on a
monthly basis. Distributions are scheduled, but not guaranteed,
with the next distribution occurring in March 2015. The complete
2015 HIPS Distribution Calendar schedule is as follows:
Month
Ex-Date Record Date
Pay Date January
N/A N/A N/A
February 2/17/2015
2/19/2015 2/20/2015 March
3/17/2015 3/19/2015
3/20/2015 April
4/21/2015 4/23/2015
4/24/2015 May 5/19/2015
5/21/2015 5/22/2015 June
6/16/2015
6/18/2015 6/19/2015 July
7/21/2015 7/23/2015
7/24/2015 August
8/18/2015 8/20/2015
8/21/2015 September 9/22/2015
9/24/2015 9/25/2015
October 10/20/2015
10/22/2015 10/23/2015 November
11/17/2015
11/19/2015 11/20/2015 December
12/29/2015 12/31/2015
1/4/2016
The Master Income ETF seeks to track the total return
performance, before fees and expenses, of the TFMS HIPS 300 Index.
The Index is constructed to capture 300 high income securities,
typically with pass-through structures, across the following
sectors: (i) closed-end funds (“CEFs”), (ii) mortgage
real estate investment trusts (“REITs”), (iii) commercial
equity REITs, (iv) residential/diversified REITs, (v) asset
management and business development companies (“BDCs”), and
(vi) energy production and energy transportation &
processing companies. Energy-related companies included in the
Index are expected to primarily be structured as master limited
partnerships (“MLPs”). CEFs included in the Index are limited to
taxable, debt-based funds and may include CEFs that invest
primarily in bank loans, high-yield securities (also known as “junk
bonds”), foreign securities (including those in emerging markets),
and mortgage- or asset-backed securities. One cannot invest
directly in an index.
About TFMS
TFMS is a Registered Investment Advisor and the creator of the
HIPS 300 Index. The firm performs asset allocation analysis and
builds broadly diversified portfolios including both traditional
and non-traditional asset class portfolios using discounted cash
flow based research processes. The firm’s approach to asset
allocation is distinguished by its use of forward looking
projections of return and risk, rather than historic data as is the
conventional industry practice. We feel that this has enabled us to
better navigate the many structural changes which have taken place
in financial markets in the past decade, and which are likely to
continue in the future.
TFMS seeks not to be all things to all investors, but rather to
serve those who demand and appreciate an advisor focused on
implementing long term, rigorous fundamentals in both its
investment style and business practices.
Disclosures
To receive a distribution, you must be a registered shareholder
of the fund on the record date. Distributions are paid to
shareholders on the payment date. There is no guarantee that
capital gains distributions will not be made in the future. Your
own trading will also generate tax consequences and transaction
expenses. Past distributions are not indicative of future
distributions. Please consult your tax professional or financial
adviser for more information regarding your tax situation.
Carefully consider the Funds’ investment objectives, risk
factors, charges and expenses before investing. This and additional
information can be found in the Funds’ prospectus, which may be
obtained by calling 800-617-0004 or by visiting www.masterincomeetf.com. Read the
prospectus carefully before investing.
Investing involves risk; Principal loss is possible.
Investments in debt securities typically decrease when interest
rates rise. This risk is usually greater for longer term debt
securities. Investments in lower rated and non-rated securities
present a greater risk of loss to principal and interest than
higher rated securities. Investments in foreign securities involve
greater volatility and political, economic, and currency risks and
differences in accounting methods. Investments in smaller companies
involve additional risks, such as limited liquidity and greater
volatility. MLPs are subject to certain risks inherent in the
structure of MLPs, including complex tax structure risks, limited
ability for election or removal of management, limited voting
rights, potential dependence on parent companies or sponsors for
revenues to satisfy obligations, and potential conflicts of
interest between partners, members and affiliates. Investments in
asset-backed and mortgage-backed securities include additional
risks including credit risk, prepayment risk, possible illiquidity
and default, as well as increased susceptibility to adverse
economic developments. A REIT’s share price may decline because of
adverse developments affecting the real estate industry. Unlike
mutual funds, ETFs may trade at a premium or discount to their net
asset value
Diversification does not assure a profit or protect against
loss in a declining market.
Exchange Traded Concepts, LLC serves as the investment advisor
and Master Income ETF. The Funds are distributed by Quasar
Distributors, LLC, which is not affiliated with Exchange Traded
Concepts, LLC or any of its affiliates.
for The Master Income ETFJames L. Copell, 617-399-6435
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