The distribution will be paid August 23, 2013 to shareholders of record as of the close of business August 21, 2013.
Chicago, Illinois (PRWEB) August 21, 2013
YieldShares, the Wheaton, Illinois-based provider of ETFs, today announced the July distribution for the YieldShares High Income ETF (YYY). YYY provides exposure to 30 closed-end funds ranked highest overall by the International Securities Exchange (ISE) in three criteria: fund yield, discount to net asset value and liquidity.
The distribution will be paid August 23, 2013 to shareholders of record as of the close of business August 21, 2013. The table below summarizes the distribution schedule for YYY.
ETF Name: YieldShares High Income
Income Distribution Per Share: $ 0.180000
Important Dates: Ex-Date: 8/19/13 Record Date: 8/21/13 Payable Date: 8/23/13
The YieldShares High Income ETF (YYY) plans to issue future distributions on a monthly basis. To view the most recent yield information and distribution calendar for YYY please visit YieldShares.com.
About YieldShares LLC
YieldShares LLC is an ETF Sponsor founded by ETF veteran Christian Magoon. The firm is focused on income investing and seeks to expand access to unique income investment strategies through ETFs. YieldShares believes that thoughtful income investing begins with diversification across a variety of asset classes, investment strategies and investment vehicles. For more information, please visit the YieldShares website.
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 Fund's investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund's prospectus, which may be obtained by visiting http://www.yieldshares.com. Read the prospectus carefully before investing.
Investing involves risk, including the possible loss of principal. Because the Fund is a fund of funds, its investment performance largely depends on the investment performance of the Underlying Funds in which it invests. An investment in the Fund is subject to the risks associated with the Underlying Funds that comprise the Index, including risks related to investments in derivatives, REITs, foreign securities and municipal securities. The underlying holdings of the fund may be leveraged, which will expose the holdings to higher volatility and may accelerate the impact of any losses. Fixed-income securities' prices generally fall as interest rates rise. High yield securities are subject to the increased risk of an issuer's inability to meet principal and interest payment obligations. These securities may be subject to greater price volatility due to such factors as specific corporate developments, interest rate sensitivity, negative perceptions of the non-investment grade securities markets, real or perceived adverse economic conditions, and lower liquidity. Preferred stock is subject to many of the risks associated with debt securities, including interest rate risk. In addition, preferred stock may not pay a dividend, an issuer may suspend payment of dividends on preferred stock at any time, and in certain situations an issuer may call or redeem its preferred stock or convert it to common stock. International investments may also involve risk from unfavorable fluctuations in currency values, differences in generally accepted accounting principles, and from economic or political instability. There is no guarantee that the fund will meet its investment objective.
The Fund will pay indirectly a proportional share of the fees and expenses of the Underlying Funds in which it invests, including their investment advisory and administration fees, in addition to its own fees and expenses. In addition, at times certain segments of the market represented by constituent Underlying Funds may be out of favor and underperform other segments.
Exchange Traded Concepts, LLC serves as the investment advisor, and Index Management Solutions, LLC serves as a sub advisor to the fund. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Exchange Traded Concepts, LLC or any of its affiliates.