SPDR® Dow Jones Industrial Average ETF Trust (the “SPDR DJIA Trust”) announced that it will make an additional 2010 income distribution. Ex dividend date will be December 29, 2010, record date will be….
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December 31, 2010 and payment date will be January 18, 2011. SPDR DJIA Trust has designated the additional dividend to be a special distribution.
At the conclusion of SPDR DJIA Trust’s fiscal year-end audit (October 31), SPDR DJIA Trust must distribute net income on a tax basis to shareholders by calendar year-end or incur a 4% federal excise tax. The net asset value (“NAV”) per share of the SPDR DJIA Trust is reduced in direct proportion to the amount of such additional distributions. Additional distributions are based on a number of factors including, but not limited to, the level of redemption activity experienced by SPDR DJIA Trust.
|
Fund |
Approximate Additional Net Income |
Shares Outstanding as of December 14, 2010 |
Estimated Per Share Amount |
|
SPDR DJIA Trust |
$18,600,000 |
71,842,867 |
$0.26 |
The amounts shown in the table above are estimates and may change due to fund activity and changes in shares outstanding.
SPDR DJIA Trust made its regularly scheduled monthly distribution on December 17, 2010, which consisted of both net income earned from November 19, 2010 to December 16, 2010 and an estimate of net income to be earned through December 31, 2010.
State Street manages $224 billion in SPDR ETF assets worldwide (as of September 30, 2010) and is one of the largest ETF providers in the US and globally.
Source: ETFWorld – State Street Global Advisors
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