NEW YORK, July 19, 2021 / PRNewswire / – The Virtus InfraCap US Preferred Stock ETF (NYSE Arca: PFFA) (the “Fund”) declared a monthly distribution of $ 0.16 per share ($ 1.92 per share on an annualized basis). The distribution will be paid July 28, 2021 to shareholders of record at the close of business July 21, 2021.
PFFA cash distribution:
- Date of departure : Tuesday, July 20, 2021
- Registration Date : Wednesday July 21, 2021
- Payment date : Wednesday July 28, 2021
Infrastructure Capital Advisors expects to report future distributions on a monthly basis. Distributions are scheduled, but not guaranteed, for each month. The next distribution is scheduled for August 2021.
For more information on PFFA’s distribution policy, 2021 distribution schedule or tax information, please visit the Fund’s website at www.virtusetfs.com.
About Virtus ETF Advisers
Virtus ETF Advisors is a new YorkMulti-manager ETF sponsor and subsidiary of Virtus Investment Partners. With actively managed, index-based investment capabilities across multiple asset classes, Virtus offers a range of complementary ETFs under-advised by selected investment managers.
About Infrastructure Capital Advisors, LLC
Infrastructure Capital Advisors, LLC (ICA) is an SEC-registered investment adviser that manages exchange-traded funds and a series of hedge funds. The firm was established in 2012 and is based in New York. ICA seeks total return opportunities in key infrastructure sectors including energy, real estate, transportation, industry and utilities. It often identifies opportunities in entities that are not taxed at the entity level, such as Master Limited Partnerships (“MLP”) and Real Estate Investment Trusts (“REITs”). He also looks for opportunities in credit and related securities, such as preferred stocks. Current income is a primary objective in most of the company’s investing activities, but not all. The focus is generally on asset intensive companies that generate and distribute large amounts of free cash flow. For more information, please visit www.infracapfunds.com.
Risks of the Fund
Exchange traded funds: The value of an ETF may be more volatile than the underlying portfolio of securities that the ETF is designed to replicate. The costs of owning the ETF may exceed the cost of investing directly in the underlying securities. Preferred stock: Preferred stocks may fall in price, not pay dividends, or be illiquid. Not diversified: The Fund is not diversified and may be more sensitive to factors that adversely affect its holdings as each security represents a larger portion of the Fund’s assets. Short sales: The Fund may engage in short selling and may incur a loss if the price of a borrowed security increases before the date the Fund replaces the security. Leverage: When a Fund takes advantage of 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, futures and swaps may increase volatility or result in a loss greater than the primary investment. No guarantee: There can be no assurance that the Portfolio will achieve its objective. Prospectus: For more information on risks, please consult the Fund’s prospectus.
You should carefully consider the investment objectives, risks and charges and expenses of the Fund before investing. Contact ETF Distributors LLC at 1-888-383-4184 or visit www.virtusetfs.com to obtain a prospectus containing 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 of the Fund.
The Fund is distributed by VP Distributors, LLC, FINRA member and subsidiary of Virtus Investment Partners, Inc.
SOURCE ETF Virtus InfraCap US preferred shares