The Yorkville High Income MLP ETF has declared its second distribution at an annualised yield of 8.51 per cent.
The 30 day SEC yield as of 14 August was 7.82 per cent.
YMLP, the first and only exchange-traded fund delivering exposure to high income, commodity-based master-limited partnerships, will issue USD0.405109 per share to holders of the fund. Yorkville estimates that 99 per cent of the distribution will be treated as return of capital.
The ex-/reinvestment date for the distribution is 15 August 2012, the record date is 17 August 2012, and the payable date is 21 August 2012. Yorkville ETF Advisors plans to issue future distributions on a quarterly basis. Distributions are scheduled, but not guaranteed, going forward each year in February, May, August and November, with the next distribution occurring in November 2012.
The Solactive High Income MLP Index tracked by YMLP is a rules-based index that applies a multi-factor selection model to the MLP universe. Analysed factors include coverage ratio of distributions, distribution growth and size of distributions. A select group of MLPs deemed to be most favourable across all three factors become index constituents.
The index is published and maintained by Structured Solutions, which determines the components and relative weightings of the securities in the index and publishes information regarding the index.
Exchange Traded Concepts serves as investment adviser to YMLP. Yorkville ETF Advisors and Index Management Solutions serve as sub-advisers.
