NEW YORK, Oct. 19, 2020 /PRNewswire/ -- The Virtus InfraCap
U.S. Preferred Stock ETF (NYSE Arca: PFFA) (the "Fund") has
declared a monthly distribution of $0.15 per share ($1.80 per share on an annualized basis).
The distribution will be paid October 28,
2020 to shareholders of record as of the close of business
October 21, 2020.
PFFA Cash Distribution:
- Ex-Date: Tuesday, October 20,
2020
- Record Date: Wednesday, October 21,
2020
- Payable Date: Wednesday, October 28,
2020
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 November
2020.
For more information about PFFA'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,
LLC
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.
DISCLOSURE
Fund Risks
Exchange Traded Funds: The value of an ETF may be more
volatile than the underlying portfolio of securities the ETF is
designed to track. The costs of owning the ETF may exceed the cost
of investing directly in the underlying securities. Preferred
Stock: Preferred stocks may decline in price, fail to pay
dividends, or be illiquid. Non-Diversified: The Fund is
non-diversified and may be more susceptible to factors negatively
impacting its holdings to the extent that each security represents
a larger portion of the Fund's assets. Short Sales: The Fund
may engage in short sales, and may experience a loss if the price
of a borrowed security increases before the date on which the Fund
replaces the security. Leverage: When a Fund leverages its
portfolio, the value of its shares may be more volatile and all
other risks may be compounded. Derivatives: Investments in
derivatives such as futures, options, forwards, and swaps may
increase volatility or cause a loss greater than the principal
investment. No Guarantee: There is no guarantee that the
portfolio will meet its objective. Prospectus: For
additional information on risks, please see the Fund's
prospectus.
You should consider the Fund's investment objectives, risks,
and charges and expenses carefully before investing. Contact ETF
Distributors LLC at 1-888-383-4184 or visit
www.virtusetfs.com to obtain a prospectus
which contains this and other information about the Fund. The
prospectus should be read carefully before investing.
Virtus ETF Advisers, LLC serves as the investment advisor and
Infrastructure Capital Advisors, LLC serves as the subadviser to
the Fund.
The Fund is distributed by VP Distributors, LLC, member FINRA
and subsidiary of Virtus Investment Partners, Inc.
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SOURCE Virtus InfraCap U.S. Preferred Stock ETF