Credit Suisse has declared USD0.2008 per exchange-traded note monthly coupon payment for the Gold Shares Covered Call ETN (GLDI) and USD0.4375 for the Silver Shares Covered Call ETN (SLVO).
The respective coupon payments are payable on 25 March to holders of record on 20 March. The ex-dividend date is 18 March.
The coupon payments represent a current yield of approximately 16.14 per cent per annum on the GLDI ETN and a current yield of approximately 31.14 per cent per annum on the SLVO ETN.
The “current yield” equals the current monthly coupon payment annualised and divided by the closing indicative value of the applicable ETN on 14 March 2014.