InfraCap MLP ETF Declares Monthly Distribution
BY PR Newswire — 4:15 PM ET 10/19/2022
NEW YORK, Oct. 19, 2022 /PRNewswire/ -- The InfraCap MLP ETF (AMZA) (the "Fund") has declared a monthly distribution of $0.22 ($2.64 per share on an annualized basis). The distribution will be paid October 28, 2022 to shareholders of record as of the close of business October 21, 2022.
AMZA Cash Distribution:
Ex-Date: Thursday, October 20, 2022
Record Date: Friday, October 21, 2022
Payable Date: Friday, October 28, 2022
The Fund estimates that 100 percent of the distribution, or $0.22 per share, is attributable to return of capital and that 0.00 percent, or $0.00 per share, is attributable to dividend income. Infrastructure Capital Advisors expects to declare future distributions on a monthly basis. Distributions are planned, but not guaranteed, for every month.
For more information about AMZA's distribution policy, its 2022 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
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. Jay Hatfield is portfolio manager at ICA. Mr. Hatfield has extensive knowledge from his over 30 years of experience on Wall Street and frequently appears in the media to share his market commentary and outlook. For more about Jay Hatfield, visit https://www.infracapfunds.com/leadership.
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.
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.
MLP Interest Rates: As yield-based investments, MLPs carry interest rate risk and may underperform in rising interest rate environments. Additionally, when investors have heightened fears about the economy, the risk spread between MLPs and competing investment options can widen, which may have an adverse effect on the stock price of MLPs. Rising interest rates may increase the potential cost of MLPs financing projects or cost of operations, and may affect the demand for MLP investments, either of which may result in lower performance by or distributions from the Fund's MLP investments.
Industry/Sector Concentration: A fund that focuses its investments in a particular industry or sector will be more sensitive to conditions that affect that industry or sector than a non-concentrated fund.
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.
MLPs: Investments in Master Limited Partnerships may be adversely impacted by tax law changes, regulation, or factors affecting underlying assets.
No Guarantee: There is no guarantee that the portfolio will meet its objective.
You should consider the Fund's investment objectives, risks, and charges and expenses carefully before investing. Contact VP Distributors LLC at 1-888-383-4184 or visit www.infracapmlp.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 sub-advisor to the Fund.
The Fund is distributed by VP Distributors, LLC, member FINRA and subsidiary of Virtus Investment Partners, Inc.
(PRNewsfoto/InfraCap MLP ETF)
With The new administration a lot of people are going for renewable energy stocks, all well and good. however oil and gas are still not going away for a long time, and the price is going to steadily climb. Much higher than the 3 dollar gas we had before.
Not sure which ones will benefit the most but there will be much higher profits for these companies over the next 4 years
Nice reload @ <$17. Thanks! Yield is outstanding.
Any way anybody slices it, these shares, pre-split, were trading at $5, dropped to about $1 and at $2, today, look like a screaming buy even with the dividend lowered.
Markets are lowering, today, based on early day futures... Dow trending down over 500 points. Energy shares are getting whacked in the pre-market. May snag some more.
HUH? Look at a chart. The last 2 months it has GAINED almost 200%.
From Mid March till now it went from $7 to $23.
More than TRIPLED.
YES from January till March you would have lost a lot.
BUT NOT the last 2 MONTHS.
I TRIED to help you, but instead you got it MORE WRONG.
First with reverse splits and now this.
Good bye and take care.
I am done.
I bought 10 K shares in Jan and sold half in early March and the rest near the end of March. I lost my ass on them.
I just bought some back. For a lot less than I sold those for. If I had held those shares since March, my loss would be even huger.
The yield here is enticing. But the last two-plus months performance SUCKS.
REVERSE split = Less shares at higher price. VALUE = the SAME.
Normal split = more shares at lower price. VALUE = the SAME.
Spits are done just to bring more buyers to the table in the opinion of the company.
Example say APPLE is $300 a share and you have 100 shares.
VALUE is $30,000
So in 2:1 split the price goes to $150 but now you have 200 shares.
VALUE is the SAME $30,000.
In AMZA case: reverse split is to raise the price but reduce the shares.
VALUE = the SAME
And we are both YANKEE fans.
I am really trying to help you. I hope you understand that?
Charts are adjusted for splits.
AMZA has gained almost 200% since March. Charts are adjusted for splits. The GAIN of 200% is not including the INTEREST from dividends.
A bit DUMB. Reverse splits do not ADD value my friend. Or regular splits. NOTHING changes with any kind of SPLIT, but the shares owned and the price but the VALUE ALWAYS REMAINS THE SAME. You should KNOW that. I GAINED $11,000 with NOTHING to do with a reverse split, but because the VALUE went up. Why don't you just google splits?
HERE I did it for YOU: "A stock split is used primarily by companies that have seen their share prices increase substantially and although the number of outstanding shares increases and price per share decreases, the market capitalization (and the value of the company) does not change."
THE PRICE CHANGES with any kind of SPLIT but NEVER the VALUE.
READ this and EDUCATE yourself and LEARN.
How old are you?
I am not trying to be MEAN.
I didn't call YOU DUMB, I only meant that your comment was DUMB.
So TRY to LEARN and then comment with something SMARTER.
And GOOD luck.
That's largely because of a 1:10 reverse split.
AMZA tripled in 10 weeks. $7's to $25. I doubled in like 2 months, PLUS the 12% dividends.
I don't own AMZA at all. Never have. I kinda collect awful stocks, especially those with risky or gimmicky "distributions." I call 'em old geezer sucker stocks. Interesting to follow, but not to own.
I didn't own it in DEC, nor did I own it in 2014 in your other bashing post. I like the yield, for now. I have huge holdings in CQP & ET and wanted some balancing with higher risk/reward. If the distribution degrades, I'll simply sell and buy some REITS.
AMZA simply moved its December payout to January so the hapless investors got two in January but none in December. And you see that as some improvement? Hilarious!
Jan 21, 2020 0.06 Dividend
Jan 03, 2020 0.08 Dividend
Nov 20, 2019 0.08 Dividend
Oct 21, 2019 0.08 Dividend
Sep 20, 2019 0.08 Dividend
Aug 20, 2019 0.08 Dividend
Jul 22, 2019 0.08 Dividend
Jun 20, 2019 0.08 Dividend
May 20, 2019 0.08 Dividend
No, the chart is share price, not yield. An MLP is a yield investment. If you want S/P, buy Tesla.
There were TWO January distributions totalling $.14. That's an increase over PY and basically inline with two years ago when distributions were still quarterly.
Houston, there is NO PROBLEM HERE except short dreamers.
$10,000 at inception in 2014 would be $4,700.00 today, counting dividends.
Start date: 10/02/2014
End date: 01/17/2020
Start price/share: $25.13
End price/share: $4.67
Starting shares: 397.93
Ending shares: 1,005.13
Dividends reinvested/share: $8.88
Total return: -53.06%
Average Annual Total Return: -13.31%
Starting investment: $10,000.00
Ending investment: $4,693.43
Another sucker yield favorite slashes div: AMZA
"InfraCap MLP ETF (NYSEARCA:AMZA) declares $0.06/share monthly dividend, -25% decrease from prior dividend of $0.08.
Forward yield 15.48%"
Take a look at the 2020 long range weather forecast, they'll be in demand for a while
If only I ever thought this would recover.
Here they are but its December bargain month, how low will AMZA dip!? Dry powder awaits
Im waiting a few more days here skipping this months divy, looking to get some upper $3.00's should they appear this or next week.
Wait a few days, you can probably buy AMZA lower. ;(
One is a company, one is a fund. Both 1099.
CEN by the way, as far as I know, has the same issues as AMZA, paying out more than they earn.
So I personally would NOT buy AMZA or CEN.
Also CEM and VET
Thanks T, take a look at CEN
Best of luck. I got out of this dog recently as all it Did was go own. I could have lived with that if it wasn't paying out more than its earnings. The dividend is due for a cut.
Took a starter position here @ $4.23. Waiting on CEN to drop a little more before jumping on that one.
Can't take it any more.
Decided to sell my considerable position and move on.
It will probably go up now.
AMZA is pretty much tracking ET now because of its heavy weighting in the portfolio. If you believe ET is significantly undervalued, which I do, AMZA is a great bet at these prices. You’ll get the benefit of a rising ET valuation, plus more diversification and double the yield.
I went in large yesterday!! Best of luck to all.
Toofuzzy and others who may find this of interest:
I just liquidated my four positions in AMZA.
I wasn't being improved by my ownership.
I wasn't being improved by my ownership.
And, finally---reason #3:
I wasn't being improved by my ownership.
When all is said and done, I buy stocks for dividends and distributions and also capital appreciation. I do not EVER buy them so they can complicate or frighten me due to lack of payout sustainability.
AMZA has paid me regularly but I've lost too much money here. It would take years for distributions to make up for my losses in unit value. Worse, I see only muddy roads ahead and I don't need more question marks in my life. Cancer convinced me of the importance of coming to terms when it comes to my chosen path. (I am a medically declared survivor and recurrence is NOT on the table.) I cashed out just a moment ago and added to my NGL position which goes ex-D in a few weeks. Paying 39 cents per quarter and altogether sustainable makes this the most obvious choice for me.
I'm well heeled enough to withstand market gyrations, no problem financially. But I don't like finding myself questioning yours truly every time I look at my portfolio holdings. I've done a good enough job of financial management over these last twenty-five years and don't need to feel caught in a trap by the likes of this pick. Am officially out of AMZA now.
I wish you folks the best as always and would appreciate comments from others as well as Toofuzzy.
Frankly I leave all tax considerations to my CPA. I never discuss taxes or related items.
I can say this much: I hold 54,500 units of NGL paying a very secure $1.56/year distribution per unit. This is classified as a return of capital and is thus free of taxation until such time as I no longer have my seed investment coming back to me. I think of it as rental income in a way.
I can add that NGL has asked its creditors for their endorsement of a share buyback in the amount of $150,000,000. There will be an 8-K issued announcing approval of the BOD proposal. This will effectively reduce the number of issued units by nearly 17,000,000. The bottom line impact will be considerable.
I added a thousand units today, taking advantage of the irrational market's bloodbath.
Do either of those NOT issue a K-1 ?
I question whether AMZA is covering the dividend. I really don't know. If they are I am a happy puppy. I am ok with it going down because the whole industry is down
There are three answers to every question we might raise in the world in which we live:
3. I don't know.
I never trust the first two possibilities while I know #3 is the one most likely to be truthful.
In answer to your question:
#3 does it for me.
I don't have nearly as many answers as I might wish to assemble. I do know that AMZA makes money via option plays and prognostications. The company manages to produce enough cash to cover the distributions. I have no way to determine how long this may remain the case. But with only a thousand or so shares in hand, I'm not going to be severely impacted regardless of what happens. I don't ever put my estate into the hands of any others. That leaves me to own the responsibility. So far it's worked out well for 25 years running.
I'm adding to NGL and NRZ as we speak right now. AMZA is one pick I limit my $$ exposure to as it's too iffy for my tastes. The two I mentioned here are doing very well while sporting excellent distributions. I sleep very well at night.
Well i guess I still have the same question.
If we are pumping more oil and it is moving thru pipelines, aren't the pipeline companies making MORE money?
I assume AMZA needs to sell shares of the underlying companies to pay the dividend. If so it seems a good way to drive the price to zero. If not, again I just don't get it and this is the greatest bargain around.
Meanwhile the price is dropping faster than the dividend I am getting.