The REX FANG & Innovation Equity Premium Income ETF set its Oct. 15 weekly distribution at $0.2094 per share, $0.0011 below the prior amount, marking a smaller payout for investors.
Oct. 14 served as both the ex-dividend and record date. The preceding $0.2105 distribution had an Oct. 8 payable date.
FEPI's strategy involves selling call options on shares of companies represented in the FANG & Innovation Index. Its distribution rate stood at 25.22% on Oct. 13. The figure converts the latest payout to an annual amount and compares it with the fund's latest net asset value (NAV); it does not show total return.
Payouts can vary and are not assured. A distribution may include a return of investor capital, which can lower FEPI's NAV and trading price.
