InfraCap MLP ETF (AMZA)

[the_doctor]

now is monthly


NEW YORK--(BUSINESS WIRE)--

The InfraCap MLP ETF (AMZA) has announced that it is adopting a monthly dividend policy, replacing its traditional quarterly schedule, which had been in place since the fund’s 2014 inception.

The next dividend is scheduled to be declared on February 20th and paid on February 28th. Dividends are planned, but not guaranteed, for each subsequent month. The anticipated monthly dividend rate is $0.11 per share ($1.32 per share on an annualized basis). This action is being taken in order to align AMZA’s distributions to shareholders more closely with its distributable cash flow.

Edward F. Ryan, Chief Financial Officer of Infrastructure Capital Advisors, LLC, commented: “Many AMZA shareholders utilize the fund as a part of an income-seeking strategy. Such investors have expressed a strong preference for consistent, monthly distributions.

“At the new payment schedule and rate,” Ryan continued, “the fund is positioned to make substantial cash distributions to its shareholders while minimizing potential net capital distributions. The new dividend rate is set at a level that we think can be consistently covered by the fund’s distributable cash flow. It was determined after consideration of the average yield of midstream MLP sector stocks and the fund’s use of leverage and option strategies to generate an enhanced level of income for distribution.”