Invesco PowerShares Capital Management, LLC, a leading global provider of exchange-traded funds (ETFs), announced today that it expects to deliver capital gains distributions across 9 of 116 equity and fixed-income ETFs for 2014….
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“For another year, the majority of Invesco PowerShares’ product line did not have capital gains distributions.” said Dan Draper, Managing Director and Head of Invesco PowerShares. “This underscores one of the many advantages ETFs can potentially provide shareholders seeking to maximize real returns. As a leader in the Smart Beta revolution, Invesco PowerShares provides investors and financial advisors with the opportunity for potential tax efficiency, trading flexibility, and access to strategies that go beyond market capitalization-weighted indexes.”
All but two of these Funds are expected to see long-term capital gains distributions under 1% of net asset value (NAV) per share. These funds include:
The ex-date for the 2014 capital gains distributions is anticipated to be Wednesday, December 24, 2014. The record date is anticipated to be Monday, December 29, 2014, and the payable date is anticipated to be Wednesday, December 31, 2014.
Source: ETFWorld.com
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