SonicShares™ Global Shipping ETF (NYSE Arca: BOAT) Pays Quarterly Dividend
October 05 2022 - 8:30AM
The SonicShares™ Global Shipping ETF (NYSE Arca: BOAT) (the “Fund”)
recently paid a quarterly dividend. Please see details of recent
dividend in the table below.
Dividendper Share |
CurrentYield* |
30-Day SECYield** |
Ex-Date |
RecordDate |
PaymentDate |
$1.0700 |
17.80% |
12.39% |
9/28/2022 |
9/29/2022 |
9/30/2022 |
Fund’s Dividend History
Payment Date |
Dividend per Share |
9/30/2022 |
$1.0700 |
6/30/2022 |
$1.2734 |
3/31/2022 |
$0.7780 |
12/31/2021 |
$0.3520 |
9/27/2021 |
$0.0520^ |
^ The Fund’s inception date is August 3, 2021.
The Fund provides investors with pure play exposure to a
portfolio of global companies engaged in maritime shipping. For
more information about the Fund and standardized Fund performance,
please visit: http://www.sonicshares.com/BOAT.
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.
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.
Dividends are not guaranteed. Investing involves risk.
Loss of principal is possible.
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 Current Yield equals the Dividend per
Share, multiplied by four (to annualize such amount), divided by
the Fund’s closing NAV on 9/30/2022.
** The 30-Day SEC Yield represents net
investment income earned by the Fund over the 30-Day period ended
9/30/2022, expressed as an annual percentage rate based on the
Fund’s share price at the end of the 30-Day period. The 30-Day
unsubsidized SEC Yield does not reflect any fee waivers,
reimbursements, or limits in effect.
The fund is distributed by Foreside Fund Services, LLC.
Opinions expressed herein are subject to change and should not
be considered investment advice.
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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