Global X Funds, the New York based provider of exchange traded funds, has announced the quarterly distributions for the Global X MLP ETF (MLPA), the Global X Junior MLP ETF..
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(MLPJ), and the Global X MLP & Energy Infrastructure ETF (MLPX).
North America’s energy supply is constantly being transported, stored and processed to meet growing demand. Energy MLPs are owners and operators of key pieces of infrastructure involved in this supply chain, and as a result may stand to benefit from continued energy use and additional investments in U.S. energy infrastructure. MLPA offers exposure to the Solactive MLP Composite Index, which is designed to be a MLP benchmark index for energy and resource master limited partnerships.
Complementing MLPA is MLPJ, which is designed to be a MLP benchmark index for small-cap energy and resource master limited partnerships. Because many of these companies are not included in major MLP indices, in many cases they have not experienced the same price growth as their larger counterparts and may offer value at current levels.
MLPX is a low cost and tax-efficient vehicle for gaining access to MLPs, MLP affiliates, and energy infrastructure corporations. MLPX is structured as a Regulated Investment Company (RIC), which allows it to avoid taxation at the fund-level.
MLPA, MLPJ, and MLPX include 1099 tax reporting (no K-1s) and quarterly distributions.
The table below summarizes the distribution schedule for MLPA, MLPJ, & MLPX as of November 6, 2014.
For all Funds: Ex-Date: 11/7/2014 Record Date: 11/12/2014 Payable Date: 11/19/2014
Ticker – ETF Name – Income Distribution Per Share
MLPA Global X MLP ETF $ 0.25000
MLPJ Global X Junior MLP ETF $ 0.25000
MLPX Global X MLP & Energy Infrastructure ETF $ 0.10950
Source: ETFWorld.com
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