The InfraCap MLP ETF has declared a monthly distribution of $0.23 ($2.76 per share on an annualized basis). The distribution will be paid May 29, 2020 to shareholders of record as of the close of business May 21, 2020. The reduction in the distribution is related to recent reductions in distributions by portfolio companies in response to lower energy prices and a decline in demand for refined products related to the Covid-19 pandemic.
AMZA Cash Distribution:
- Ex-Date: Wednesday, May 20, 2020
- Record Date: Thursday, May 21, 2020
- Payable Date: Friday, May 29, 2020
The Fund estimates that 100 percent of the distribution, or $0.23 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 June 2020.
For more information about AMZA’s distribution policy, its 2020 distribution calendar, or tax information, please visit the Fund’s website at www.virtusetfs.com.
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
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.