NEW YORK, Oct. 19, 2018 /PRNewswire/ -- The InfraCap
MLP ETF (NYSE: AMZA) has declared a monthly distribution of
$0.11 ($1.32 per share on an annualized basis). The
dividend will be paid October 30,
2018 to shareholders of record as of the close of business
October 23, 2018.
PFFA Cash Distribution:
- Ex-Date: Monday, October 22,
2018
- Record Date: Tuesday, October 23,
2018
- Payable Date: Tuesday, October 30,
2018
The fund estimates that 100 percent of the distribution, or
$0.11 per share, is attributable to
return of capital and that 0.00 percent, or $0.00 per share, is attributable to dividend
income. Infrastructure Capital Advisors expects to declare future
distributions on a monthly basis. Distributions are planned, but
not guaranteed, for every month. The next distribution is scheduled
to occur in November 2018.
About Virtus ETF Advisers
Virtus ETF Advisers is a New
York-based, multi-manager ETF sponsor and affiliate of
Virtus Investment Partners. With actively managed and index-based
investment capabilities across multiple asset classes, Virtus
offers a range of complementary exchange-traded-funds subadvised by
select investment managers.
About Infrastructure Capital Advisors, LLC
Infrastructure Capital Advisors, LLC (ICA) is an SEC-registered
investment advisor that manages exchange traded funds and a series
of hedge funds. The firm was formed in 2012 and is based in New
York City. ICA seeks total-return opportunities in key
infrastructure sectors, including energy, real estate,
transportation, industrials and utilities. It often identifies
opportunities in entities that are not taxed at the entity level,
such as master limited partnerships ("MLPs") and real estate
investment trusts ("REITs"). It also looks for opportunities
in credit and related securities, such as preferred stocks.
Current income is a primary objective in most, but not all, of the
company's investing activities. The focus is generally on
asset-intensive companies that generate and distribute substantial
streams of free cash flow. For more information, please visit
www.infracapfunds.com.
DISCLOSURE
Fund Risks
Exchange Traded Funds: The value of an ETF may be more
volatile than the underlying portfolio of securities the ETF is
designed to track. The costs of owning the ETF may exceed the cost
of investing directly in the underlying securities. MLP Interest
Rates: As yield-based investments, MLPs carry interest rate
risk and may underperform in rising interest rate environments.
Additionally, when investors have heightened fears about the
economy, the risk spread between MLPs and competing investment
options can widen, which may have an adverse effect on the stock
price of MLPs. Rising interest rates may increase the potential
cost of MLPs financing projects or cost of operations, and may
affect the demand for MLP investments, either of which may result
in lower performance by or distributions from the Fund's MLP
investments. Industry/Sector Concentration: A fund that
focuses its investments in a particular industry or sector will be
more sensitive to conditions that affect that industry or sector
than a non-concentrated fund. Short Sales: The fund
may engage in short sales, and may experience a loss if the price
of a borrowed security increases before the date on which the fund
replaces the security. Leverage: When a fund leverages
its portfolio, the value of its shares may be more volatile and all
other risks may be compounded. Derivatives:
Investments in derivatives such as futures, options, forwards, and
swaps may increase volatility or cause a loss greater than the
principal investment. MLPs: Investments in Master
Limited Partnerships may be adversely impacted by tax law changes,
regulation, or factors affecting underlying assets. No
Guarantee: There is no guarantee that the portfolio will meet
its objective.
You should consider the fund's investment objectives, risks,
and charges and expenses carefully before investing. Contact ETF
Distributors LLC at 1-888-383-4184 or visit
www.virtusetfs.com to obtain a prospectus which
contains this and other information about the fund. The prospectus
should be read carefully before investing.
Virtus ETF Advisers, LLC serves as the investment advisor and
Infrastructure Capital Advisors, LLC serves as the subadviser to
the fund.
The fund is distributed by ETF Distributors LLC, an affiliate
of Virtus ETF Advisers, LLC.
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SOURCE Virtus Exchange-Traded Funds