New ETF offers dividends and premium
income for investors
NEW YORK ,
March 7,
2024 /PRNewswire/ -- In a significant addition to its
discipline value style investment suite, Cullen Capital Management,
LLC, with $23 billion AUA and
100% private ownership, is proud to announce the NYSE launch of
their Cullen Enhanced Equity Income ETF (NYSE: DIVP). DIVP emulates
the success of Cullen's Enhanced Equity Income strategy,
historically only available through their separately managed
account and mutual fund offerings. DIVP offers a distinctive
income-generating approach through the combination of dividends and
covered-call premiums. Cullen Capital selected SEI's Advisors'
Inner Circle Fund to launch their first ETF.
"After 13 years of successfully running a dividend equity,
covered call separately managed account, there was strong client
demand to offer the same strategy in an ETF vehicle. The launch of
DIVP reflects our dedication to meeting our clients' needs and
interests," said Jeff Cullen,
Managing Director.
DIVP stands out by integrating dividends from equity holdings
with premiums from covered call options written on approximately
25-40% of the underlying securities. DIVP aims to offer a higher
income potential compared to traditional equity-income
investments.
Emphasizing capital appreciation alongside income generation,
DIVP maintains active equity market participation. By writing call
options on a portion of the portfolio, the ETF enables the
potential for upside market participation, in addition to income
generation.
At the helm of DIVP is a seasoned portfolio management team
(experienced team of 20 investment professionals), committed to
actively monitoring and adjusting the portfolio to seize
opportunities and mitigate risks.
"We partnered with SEI because they offer us a comprehensive
operational platform that can efficiently address the unique
aspects associated with ETF product strategy, distribution and
compliance," said Jeff Cullen.
Cullen Capital's introduction of DIVP reinforces the firm's
dedication to innovative investment solutions. This product seeks
long-term capital appreciation and current income and reflects
Cullen Capital's ongoing commitment to client needs.
Cullen Capital Management, LLC is headquartered in New
York.
This press release is for informational purposes only and
does not constitute an offer to sell or a solicitation of an offer
to buy any securities. Investors should consult their financial
advisors prior to making any investment decisions.
For more information about the Cullen Enhanced Equity Income ETF
please visit:
www.cullenfunds.com/US/A/ETF/DIVP
Email: CullenETF@seic.com
Phone: 1-833-4CULLEN
Media Contact: Jeff Cullen, Managing Director Phone:
646-200-7686 Email: jeffcullen@schafer-cullen.com
To determine if the Fund is an appropriate investment for
you, carefully consider the fund's investment objectives, risk, and
charges and expenses. This and other information can be found in
the fund's prospectus, and if available, the summary prospectus,
which can be obtained by calling 1-833-4CULLEN or by
visiting www.cullenfunds.com/US/A/ETF/DIVP. Please read the
prospectus, and if available, the summary prospectus, carefully
before investing.
Investing involves risk. Principal loss is possible. Foreign
investments involve additional risks, which include currency
exchange-rate fluctuations, political and economic instability,
differences in financial reporting standards, and less-strict
regulation of securities. The Fund may invest in derivatives, which
are often more volatile than other investments and may magnify the
Fund's gains or losses. Derivatives are also subject to illiquidity
and counterparty risk.
The Cullen Enhanced Equity Income ETF is distributed by SEI
Investments Distribution Co. (SIDCO), 1 Freedom Valley Drive,
Oaks, PA 19456. The Fund is
managed by Cullen Capital Management, LLC (CCM). SIDCO is not
affiliated with CCM.
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SOURCE Cullen Capital Management LLC