YieldShares, the Wheaton, Illinois-based provider of exchange-traded funds, has announced a July distribution for the YieldShares High Income ETF (YYY) of USD0.18.
YYY provides exposure to 30 closed-end funds ranked highest overall by the International Securities Exchange (ISE) in three criteria: fund yield, discount to net asset value and liquidity.
The distribution will be paid 23 August 2013 to shareholders of record as of the close of business 21 August 2013.
The YieldShares High Income ETF plans to issue future distributions on a monthly basis.
