Credit Suisse has declared December monthly coupon payments for the Gold Shares Covered Call ETN (GLDI) and Silver Shares Covered Call ETN (SLVO) of USD0.1167 and USD0.2021 respectively.
The coupon payments are payable on 27 December to holders of record on 20 December. The ex-dividend date is 18 December.
The coupon payments represent a current yield of approximately 9.82 per cent per annum on the GLDI ETN and a current yield of approximately 15.35 per cent per annum on the SLVO ETN. The “current yield” equals the current monthly coupon payment annualized and divided by the closing indicative value of the applicable ETN on 13 December.
