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Ivy NextShares Announces Distributions

Nachrichtenquelle: Business Wire (engl.)
12.06.2019, 23:37  |  201   |   |   

Ivy Investment Management Co. today announced a quarterly distribution for the Ivy Focused Value NextShares exchange-traded managed fund. The distribution schedule and amount is as follows:

Ivy Focused Value NextShares (IVFVC)

Ex-Date

   

Record Date

   

Payable Date

   

Amount

June 13, 2019 June 14, 2019 June 17, 2019 $0.20 per share

The distribution is expected to be paid from net investment income (regular interest and dividends). The final tax status of the distribution may differ substantially from this preliminary information, which is based on estimates, and the final determination of such amount will be made in early 2020 when the Fund can determine its earnings and profits for the 2019 fiscal year.

Shares of NextShares funds are normally bought and sold in the secondary market through a broker, and may not be individually purchased or redeemed from the fund. In the secondary market, buyers and sellers transact with each other, rather than with the fund. NextShares funds issue and redeem shares only in specified creation unit quantities in transactions by or through Authorized Participants. In such transactions, a fund issues and redeems shares in exchange for the basket of securities, other instruments and/or cash that the fund specifies each business day. By transacting in kind, a NextShares fund can lower its trading costs and enhance fund tax efficiency by avoiding forced sales of securities to meet redemptions. Redemptions may be effected partially or entirely in cash when in-kind delivery is not practicable or deemed not in the best interests of shareholders. A fund’s basket is not intended to be representative of the fund’s current portfolio positions and may vary significantly from current positions. As exchange-traded securities, NextShares can operate with low transfer agency expenses by utilizing the same highly efficient share processing system as used for exchange-listed stocks and ETFs.

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