The UBS ETRACS Monthly Pay 2x Leveraged Closed-End Fund ETN (NYSEARCA:CEFL) and YieldShares High Income ETF (NYSEARCA:YYY), which is based on the same index and thus has the same components as CEFL, but without the 2X leverage, will soon declare monthly dividends for August 2014. There are 30 closed-end funds that comprise the ISE High Income™ Index upon which CEFL and YYY is based. As is shown in the table below, of those 30, there are 9 that pay dividends quarterly, while the other 21 pay dividends monthly. None of the 9 quarterly payers went ex-dividend in July 2014. Thus, they will not be included in the August 2014 CEFL monthly dividend calculation
