SonicShares™ Global Shipping ETF (NYSE Arca: BOAT) Pays Quarterly Dividend
06 Avril 2023 - 2:30PM
The SonicShares™ Global Shipping ETF (NYSE Arca: BOAT) 1 (the
“Fund”) paid a quarterly dividend. Please see details of recent
dividend in the table below.
Dividendper Share |
DividendYield2 |
30-Day SECYield3 |
Ex-Date |
RecordDate |
PaymentDate |
$0.3380 |
11.21% |
11.79% |
3/28/2023 |
3/29/2023 |
3/31/2023 |
1 |
The Fund’s
gross expense ratio is 0.69%. |
2 |
The Dividend Yield equals the sum of actual ordinary cash
dividend payments in the last 12 months divided by the Fund’s
closing NAV on April 4th, 2023. |
3 |
The 30-Day SEC Yield represents net investment income earned by
the Fund over the 30-Day period ended March 31st, 2023, expressed
as an annual percentage rate based on the Fund’s share price at the
end of the 30-Day period. |
The Fund provides investors with pure play exposure to a
portfolio of global companies engaged in maritime shipping. For a
prospectus of the Fund, click here.
The performance data quoted above represents past
performance. Past performance does not guarantee future results.
The investment return and principal value of an investment will
fluctuate so that an investor’s shares, when sold or redeemed, may
be worth more or less than their original cost and current
performance may be lower or higher than the performance quoted
above. Performance current to the most recent month-end can be
obtained by calling (833)
378-0717.
For more information about the Fund and standardized
Fund performance, please visit:
http://www.sonicshares.com/BOAT.
Investors should consider the investment objectives,
risks, charges and expenses carefully before investing. For a
prospectus of the Fund, click
here. Read the prospectus or summary
prospectus carefully before investing.
Investing involves risk. Loss of principal is
possible.
Distributions are not guaranteed. The
Current Yield and 30-Day SEC Yield is not indicative of future
distributions, if any, on the ETFs. In particular, future
distributions on any ETF may differ significantly from its Current
Yield or 30-Day SEC Yield. You are not guaranteed a distribution
under the ETFs. Distributions for the ETFs (if any) are variable
and may vary significantly from month to month and may be zero.
Accordingly, the Current Yield and 30-Day SEC Yield will change
over time, and such change may be significant.
Fund Risks: An investment in the Fund is
subject to numerous risks including the possible loss of principal.
There can be no assurance that the Fund will achieve its investment
objective. Equity securities, such as common stocks, are
subject to market, economic and business risks that may cause their
prices to fluctuate. As with all ETFs, Fund shares may be bought
and sold in the secondary market at market prices. The market price
normally should approximate the Fund’s net asset value per share
(NAV), but the market price sometimes may be higher or lower than
the NAV. The Fund is new with a limited operating history. There
are a limited number of financial institutions authorized to buy
and sell shares directly with the Fund, and there may be a limited
number of other liquidity providers in the marketplace. There is no
assurance that Fund shares will trade at any volume, or at all, on
any stock exchange. Low trading activity may result in shares
trading at a material discount to NAV. Please see
the prospectus and summary prospectus for a
complete description of principal risks.
The Fund’s investments will be concentrated in an industry or
group of industries to the extent the Index is so concentrated. In
such event, the value of Shares may rise and fall more than the
value of shares that invest in securities of companies in a broader
range of industries. Investments in securities or other instruments
of foreign securities involve certain risks not involved in
domestic investments and may experience more rapid and extreme
changes in value than investments in securities of U.S.
companies.
Companies in the transportation industry, including companies
engaged in the water transportation industry, may be adversely
affected by economic changes, increases in fuel, operating and
insurance costs and adverse labor relations.
The Fund is distributed by Foreside Fund Services, LLC.
The “SonicShares” mark and the SonicShares logo are trademarks
of Lucania Investments LLC (the “Licensor”). The Licensor and its
affiliates are not affiliated with the Fund’s Adviser, any
Sub-Adviser, Index Provider, Trust, administrator, custodian,
transfer agent, distributor, or any of their respective affiliates.
The Licensor and its affiliates have no role in the administration
or operation of the Fund, nor do they make investment decisions,
provide investment advice, or otherwise act in the capacity of an
investment adviser to the Fund. The Fund is not sold by the
Licensor or any of its affiliates. The Licensor and its affiliates
make no representation, condition or warranty, express or implied,
to the owners of the Fund or any member of the public regarding the
advisability of investing in securities generally or in the Fund
particularly.
A photo accompanying this announcement is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/3de412d3-8bb6-42f7-a734-c7232b147a73
info@sonicshares.com or (833) 378-0717
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